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Deputy PM Polancec on privatisation plans

ZAGREB, Nov 4 (Hina) - The Croatian Privatisation Fund in cooperationwith several state institutions by the end of this year plans to drawup and present a new operation plan for the privatisation of theentire state portfolio and sent to a government procedure draftamendments to the privatisation law or draw up new legal solutionsaimed at imporving the privatisation process and state propertymanagement.
ZAGREB, Nov 4 (Hina) - The Croatian Privatisation Fund in cooperation with several state institutions by the end of this year plans to draw up and present a new operation plan for the privatisation of the entire state portfolio and sent to a government procedure draft amendments to the privatisation law or draw up new legal solutions aimed at imporving the privatisation process and state property management.

A deputy Prime Minister and head of the Croatian Privatisation Fund's Steering Committee Damir Polancec said this at a news conference held at the end of a committee session on Thursday.

A task force, comprised of representatives of several ministries, the Privatisation Fund, the State Prosecutor's Office, faculties of law and economics, has been set up with an aim to implement a more efficient state property management. Polancec said the task force would analyse insufficiencies of the existing privatisation act and try to find ways to improve it.

They will also draw up legal solutions for the privatisation process.

Polancec said the state planned to put some 4 billion kuna in the budget from the privatisation process this year.

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