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Supetar: progress is expected in the privatization of Adriatic tourism assets |
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One man’s trash is another man’s treasure. The old adage is as true in banking as anywhere, and seldom more so than in the case of Croatia’s Rijecka banka.
Earlier this spring, Bayerische Landesbank Girozentrale handed back its almost 60% stake in Croatia’s third-largest lender to the Croatian government for a nominal sum after discovering that a rogue foreign exchange trader had left a near $100 million hole in the bank.
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