CAVTAT CAVTAT, Oct 30 (Hina) - According to business indicators, Croatia should be among the countries which will join the European Union by 2004, but political reasons will most probably postpone its integration until 2007.
CAVTAT, Oct 30 (Hina) - According to business indicators, Croatia
should be among the countries which will join the European Union by
2004, but political reasons will most probably postpone its
integration until 2007. #L#
The chief economist of the Bank Austria, Marianne Kager, made this
statement on Tuesday, the second and final day of the second
regional financial-investment conference Euromoney, held in the
southern Adriatic town of Cavtat.
Kager said that it was not realistic to expect decisions on
admission to the EU to be made on individual basis. According to
her, it is more likely to expect the EU to expand in two rounds.
Kager expects that Croatia, along with Bulgaria and Romania, would
enter the EU in the second round, while Serbia's admission by that
deadline will depend on its political relations with Montenegro.
A lecture by former Yugoslav premier and U.S. businessmen Milan
Panic was the introduction to today's central topic of the
conference, entitled "Integration of Southeast Europe with the
EU".
Panic announced that he would soon invest in the region,
particularly in Croatia. Addressing the press, he said that he
planned to establish a regional company with headquarters in
Croatia. The initial investment, to be made next year, should
amount to between USD10 and 25 million, he said.
This year's Euromoney conference, entitled "Integration with
Global Economy", attracted about 500 participants from business,
financial and political circles from 33 countries.
(hina) it sb