Croatia mulls loan from UAE to refinance debts
ZAGREB, March 5, 2015
Croatia is in talks about possibly taking a loan from the United Arab Emirates, which local media said could be worth around $2 billion and enable the EU member to refinance debt.
A government source told Reuters that the government was tentatively considering a loan from the UAE, after the Jutarnji List daily said Finance Minister Boris Lalovac would visit Abu Dhabi in mid-March to arrange a loan worth around $2 billion at an interest rate of around 1.5 per cent.
"There have been some contacts, but we're still way too far away from any final decision. There will certainly be more talks before any deal takes place and it can certainly not happen within the timeframe mentioned in media reports," a government source, who asked not to be named, said. – Reuters