ZAGREB, Nov 29 (Hina) - The Croatian parliament on Friday debated results of the privatisation until 2002.
ZAGREB, Nov 29 (Hina) - The Croatian parliament on Friday debated
results of the privatisation until 2002. #L#
Presenting the results, a deputy prime minister, Slavko Linic, said
the government had managed to set up control in the Privatisation
Fund (HFP) over the management of companies, and introduce the
keeping of records for assessment of works of supervisory and
managing boards of those companies.
Linic informed that in the last three years a total of 112 companies
had been privatised, positive results had been enhanced and the
problem of insolvency and illiquidity solved to a great extend.
"We are now able to precisely define a model of privatisation which
is being transparently performed, mainly via the Zagreb and
Varazdin Stock Exchange, and financial resources obtained through
privatisation are earmarked for the reconstruction and investment
in road construction and water supplies," he added.
He pointed to the very small ability of the Fund to exert influence
on the destiny of companies where the government holds less than 50
percent of shares, and he believes that privatisation investment
funds should be held accountable for it, which, as he said, often
refute the Fund's decisions.
Linic announced that the privatisation would be led in a
satisfactory manner in 2003.
The Fund's Vice President, Kresimir Starcevic, said the
privatisation would in future be carried out in line to two models:
public auctions for companies where the state holds up to 50 percent
of shares and the invitation for bids where the state is a majority
owner.
(hina) ms sb