Polancec made the statement at the start of a two-day conference on Croatia's financial markets in the northern Adriatic resort of Opatija.
He told some 100 participants that the elaboration of a National Development Strategy, which sets a framework for Croatia's strategic development, was near its completion and added that a public discussion would be launched before the adoption of the document.
The strategy envisages that Croatia can reach a growth rate of six percent, retain a low inflation rate and cut unemployment to a single-digit rate.
It also projects the rise of foreign investments to six percent of the Gross Domestic Product and the reduction of the country's external debt.
Polancec also said that an expert team was working on the elaboration of a new act regulating ownership transformation and privatisation. The new law will be designed to encourage the employee stock ownership plan known as ESOP and it will prefer the sale of shares from the state-owned portfolio on the capital market.
The purpose of a new law on public and private partnership, which is also being drawn up, is to ensure a boom in the construction industry and on the financial market, he said.
Polancec said that public and private partnership projects worth one billion euros could be completed by 2007, along with the construction of health care facilities, schools and other buildings, and that for this purpose local governments could forge partnerships with construction companies and implement such projects.