ZAGREB, Jan 23 (Hina) - The majority of the parties in the Croatian parliament (all but the Croatian Party of Rights/the Croatian Christian Democratic Union parliamentary bench--HSP/HKDU) supported a bill on the security market and a
bill on the take over of joint stock companies. The bill on the security market, deputy finance minister Damir Kustrak says, would regulate offers, conditions of buying and selling securities, stock exchange transactions and organised public markets, business activities of the Central Deposit Agency, the rights, obligations and responsibilities of the issuer and the investor. Even though the majority of the parties believe the bill will create a framework for the development of the capital market and the overall Croatian Economy, the bill was criticised during the discussion. Ante Kovacevic of the HSP/HKDU opposed the bill on the security market, stressing it aims at enabli
ZAGREB, Jan 23 (Hina) - The majority of the parties in the Croatian
parliament (all but the Croatian Party of Rights/the Croatian
Christian Democratic Union parliamentary bench--HSP/HKDU)
supported a bill on the security market and a bill on the take over
of joint stock companies.
The bill on the security market, deputy finance minister Damir
Kustrak says, would regulate offers, conditions of buying and
selling securities, stock exchange transactions and organised
public markets, business activities of the Central Deposit Agency,
the rights, obligations and responsibilities of the issuer and the
investor.
Even though the majority of the parties believe the bill will create
a framework for the development of the capital market and the
overall Croatian Economy, the bill was criticised during the
discussion.
Ante Kovacevic of the HSP/HKDU opposed the bill on the security
market, stressing it aims at enabling the government to misuse
state securities, incapable of patching up the holes in the state
budget.
"This law would make such activities legal, following orders of the
International Monetary Fund," Kovacevic stressed.
(hina) it sb