The Croatian government has decided on this move to reschedule other bonds that will be due soon, Finance Ministry Ante Zigman said at a government session in Zagreb on Thursday.
The issuance of new kuna bonds means that the government is focused on the domestic capital market. This has resulted in the reduction of the government's share in the overall foreign debt over the last three years, and the government's debt has been cut by 7.5 billion kuna since 2004, Zigman said.
At today's session, the government sent to parliament draft amendments to the Railways Act defining the construction, maintenance and modernisation of railway infrastructure as being in the interest of the Republic of Croatia. The changes will simplify and accelerate the resolution of property rights in this sector.
The changes put the construction and maintenance of railway construction on the equal footing with road construction and the construction of gas pipeline networks, Transport and Development Minister Bozidar Kalmeta said.
The government also sent to parliament a draft act on a rail services regulatory agency that should ensure equal and non-discriminatory access of all participants to the rail services market.
The government adjusted several laws to European Union standards, including laws regulating enhancement of health care quality and procedure for the accreditation of health institutions.
The draft law on exercising the right to legal aid was also adjusted to the acquis communautaire. This means that all citizens, regardless of their financial status and citizenship, are to be ensured access to courts.
Other adjusted laws include a new accounting act and a new act regulating the take-over and acquisition of companies.