CORRECTION: Litostroj Complains about Lack of Support from Export Bank (adds)
corrects lede of the report released on 14 April
Litostroj Power did not lose two projects, but has transferred them to other companies in the group due to difficulties in getting export guaranteess from the SID bank.
Litostroj Complains about Lack of Support from Export Bank
Ljubljana, 25 April - Hydro turbine manufacturer Litostroj Power, which was sold last year to Czech group Energo-Pro, claims it is difficult to get guarantees for export deals from the state-owned SID export and development bank. As a result the company has already transferred two projects worth EUR 10m to other companies in the group.
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