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Croatia gov't allocates HRK 600 mln to bail out national flag carrier

World

The Croatian government this week approved state aid for the national flag carrier, Croatia Airlines, amounting to HRK 600 million (EUR 79.7 million), HRK 350 million of which refers to investing fresh capital in the company and HRK 250 million as an equity loan, according to a report by Croatian news agency HINA.

The decision was made in line with the European Commission's temporary framework allowing member states to provide additional support to the business sector due to the COVID-19 pandemic. The national flag carrier has a strategic role in Croatia's transport infrastructure.

The government's decision resolves the company's urgent problems, adding that money for this was ensured in this year's budget revision. 

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