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ISTRABENZ dd Announces Its Restructuring


Tuesday, 10 Sep 2013 09:23am EDT 

ISTRABENZ dd announced that following a restructuring of the financial liabilities of the companies Istrabenz Turizem, d.d. and Istrabenz hoteli Portoroz, d.o.o. and after obtaining the approval of the creditor banks of the Company with regard to the above-stated executed agreements on restructuring, the Istrabenz Turizem Group has obtained the conditions required to start a new development cycle. Namely, a constituent part of the refinancing program are the investments in hotel development by means of which the company Istrabenz Turizem, d.d. will manage to consolidate its international competitive position. Most likely, the investment projects will be implemented by the end of 2015. 

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