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Governments forwards amendments to central bank law to parliament

ZAGREB, Nov 10 (Hina) - The Croatian National Bank (HNB) will have to report to parliament twice a year about the financial situation, the stability of prices and the monetary policy, according to amendments to the Law on the HNB which the government forwarded to parliament for adoption on Friday.
ZAGREB, Nov 10 (Hina) - The Croatian National Bank (HNB) will have to report to parliament twice a year about the financial situation, the stability of prices and the monetary policy, according to amendments to the Law on the HNB which the government forwarded to parliament for adoption on Friday.

The amendments will make the central bank more independent, and the government stuck by its proposal that parliament should not ratify but only voice its opinion on the HNB Statute.

The HNB Council appointed by parliament last summer would hold its term until Croatia's accession to the European Union, said Finance Minister Ivan Suker.

The Council currently comprises the governor, his deputy, five vice-governors and external members. Upon Croatia's accession to the EU, the HNB Council would be comprised of a governor and eight vice-governors who would have to be HNB employees.

The amendments also provide a legal framework for the introduction of the euro in the future and the transfer of the HNB's powers to the European System of Central Banks.

The government sent to parliament the final draft of a bill on leasing, which Suker said was aimed at regulating this financial sector so as to prevent it from increasing Croatia's external debt.

Also sent to parliament were amendments to the law encouraging the development of the small economy and the crafts law.

The government's new draft law on asylum envisages the asylum seeker's right to have secondary and not just elementary school education as well as the right to get a job even after a year of waiting to be granted asylum.

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