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Croatian economy minister discusses cooperation with Bavarian minister

ZAGREB, April 27 (Hina) - The power industry, gas production, renewablesources of energy, tourism and environmental protection are only someof the areas where Croatian and Bavarian companies can cooperate,Croatian Economy Minister Branko Vukelic and the Bavarian Minister ofthe Economy, Infrastructure, Transport and Technology, Erwin Huber,said in Zagreb on Thursday.
ZAGREB, April 27 (Hina) - The power industry, gas production, renewable sources of energy, tourism and environmental protection are only some of the areas where Croatian and Bavarian companies can cooperate, Croatian Economy Minister Branko Vukelic and the Bavarian Minister of the Economy, Infrastructure, Transport and Technology, Erwin Huber, said in Zagreb on Thursday.

The Croatian minister informed his Bavarian counterpart and his associates about investment conditions in Croatia, saying that more and more investors from Bavaria were willing to invest in Croatia, notably in its power industry.

Huber said that Bavaria would soon open its office in Croatia, which he said was a sign that Croatia had a future in terms of investment.

The Bavarian economy is open to the further strengthening of cooperation, the German minister said, adding that Bavaria supported Croatia's admission to the EU.

The two ministers said that a Bavarian business delegation would visit Croatia in the autumn to discuss investment in the power industry and environmental protection. A Croatian-German business forum is scheduled to take place in Berlin in November and an event on investment in Croatia's energy industry is expected to be held in Munich early next year.

Last year's trade between Croatia and Bavaria amounted to EUR 615 million, a 16 percent increase in relation to 2004. Croatia's exports to Bavaria made up EUR 191 million of the amount, while imports from Bavaria amounted to EUR 424 million. Croatia mostly exports clothing and textile to Bavaria and imports machines and vehicles.

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