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PRESIDENTS MESIC AND KLESTIL PARTICIPATE AT ECONOMIC FORUM

ZAGREB, May 23 (Hina) - Croatian and Austrian presidents Stjepan Mesic and Thomas Klestil on Thursday visited the Croatian Chamber of Commerce in Zagreb, where an Austrian-Croatian Economic Forum was organised with the aim of deepening economic cooperation between the two countries.
ZAGREB, May 23 (Hina) - Croatian and Austrian presidents Stjepan Mesic and Thomas Klestil on Thursday visited the Croatian Chamber of Commerce in Zagreb, where an Austrian-Croatian Economic Forum was organised with the aim of deepening economic cooperation between the two countries. #L# Chamber president Nadan Vidosevic said in his opening speech that the visit of the two presidents was "the crown of excellent economic relations" between the two countries which have immeasurable space for cooperation. He stressed that Austria was the largest foreign investor in Croatia, and had 800 companies registered in Croatia. In his speech Mesic said the cooperation between Croatia and Austria had reached an envious level and showed a positive trend. According to him, Croatia was entering a group of more developed transitional economies. He recalled that Austria's economy and its investors had been present in Croatia all these years, and most investments (70 percent) related to the financial and banking sector, but interest for other sectors was growing. Klestil said Austria was very interested in strengthening economic cooperation with Croatia. He said he was impressed with the speed at which Croatia had managed to make the transition into a modern competitive economy. He stressed Austria had recognised Croatia as an important trade partner immediately after it had been internationally recognised. He called Croatian companies to penetrate the Austrian market more strongly so that a certain imbalance in trade would be decreased. The vice-president of the Austrian Chamber of Commerce, Adolf Moser, said that Austrian business people had invested more than two billion euros into Croatia, and that there was great interest in contributing to Croatia's stability. He said political stability was more easily sustained alongside economic prosperity. At the end of the two president's visit to the Croatian Chamber of Commerce, Klestil handed Mesic a memorandum of interest in five investments of Austrian companies in Croatia. Unofficial sources have said that the Austrians were interested in the security, metallurgy, telecommunications, energy and manufacturing sectors. (hina) lml sb

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