Sale of Croatian shipyards to start soon

According to coalition agreement between Croatian Democratic Union, Croatian Peasants' Partyand Croatian Social Liberal Party, the privatization of Croatian shipyards should start in year 2008.

As per agreement the first step should be corporate restructuring and improvements in management mechanisms. The main goal is to enable shipyards for profitable production where Government will participate only through subventions for research, development and innovation.

Source: Steelguru