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Council of Foreign Investors on Croatia's economic development

ZAGREB, Oct 21 (Hina) - The Council of Foreign Investors (VSU) held aconference on Friday called "Croatia's Economic Development" whichpooled key business people and representatives of organisations fromthe Croatian business sector with an aim to exchange experience abouttrends in Croatia's economy, notably after the recent start of thecountry's EU membership talks, the VSU said in a statement.
ZAGREB, Oct 21 (Hina) - The Council of Foreign Investors (VSU) held a conference on Friday called "Croatia's Economic Development" which pooled key business people and representatives of organisations from the Croatian business sector with an aim to exchange experience about trends in Croatia's economy, notably after the recent start of the country's EU membership talks, the VSU said in a statement.

In order to improve the business environment in Croatia, the VSU gathered experts and representatives of business associations cooperating on important issues such as tax reforms. The participants stressed that the introduction of a flat tax rate could be an important element for the tax reform.

The conference is aimed at gathering business organisations such as the VSU, AmCham, the Croatian Employers' Association, the Adriatic Public Policy Institute, the US Agency for International Development and others so as to formulate guidelines which will then be presented to the Croatian Government.

These times are extremely interesting for the Croatian economy and foreign investors and the VSU is trying to simplify the path of Croatia's transformation into a modern EU economy, VSU president Jorn Pedersen said.

The economy growth, however, is slowing down while the foreign debt is increasing, he said and added that state subsidies are extremely high which resulted in the postponement of some privatisation projects.

Stressing that the VSU wanted to provide exact data without any political influence, Pedersen stressed that the goal was to improve investments and the business atmosphere, as well as draw up constructive proposals and encourage government institutions to implement programmes which would attract more capital investments and support economic growth.

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