Croatia to privatize shipyards as part of EU bid

According to Balkan Insight, Croatia's Government is looking to privatize three struggling shipyards to meet European Union requirements for membership.

Croatia's shipbuilders currently receive ten per cent of the cost of each new ship in subsidies, but this plan will have to be scrapped for Croatia to join the EU in 2010. The yards, Uljanik Shipyard in Pula, Kraljevica near Rijeka and Brodotrogir near Split, are three of five shipyards in the country, which together employ more than 11,000 people and account for around 15 per cent of the country's exports.
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