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OPPOSITION CRITICISES REPORT ON MANAGEMENT OF STATE PORTFOLIO

ZAGREB, Nov 29 (Hina) - A government report on the privatisation process in 2001 and 2002 was on Friday fervently criticised by opposition MPs while the ruling coalition okayed it presenting a few minor objections.
ZAGREB, Nov 29 (Hina) - A government report on the privatisation process in 2001 and 2002 was on Friday fervently criticised by opposition MPs while the ruling coalition okayed it presenting a few minor objections. #L# Opposition MPs consider the information in the report inauthentic and unclear, particularly the information referring to the successful privatisation of companies whose majority owner is the state. They stated that no measures were taken against irresponsible and incompetent members of the management or supervisory boards of privatised companies and objected to the lack of data on the effects of privatisation on employment. The Opposition was unanimous in its demand for the adoption of a new privatisation law as they believe that the existing one is not good. They also advocated more detailed probes into foreign investors or potential owners of Croatian companies. The objections also referred to the fact that the nominal value of the state portfolio was still not known and that there was lack of information about the situation in privatised companies, particularly regarding the fate of their employees. Opposition MPs also expressed their doubts regarding suspicious buyers from abroad. Party benches of the ruling coalition endorsed the report and expressed satisfaction with the fact that the presented data reflected the intention of the government and Croatian Privatisation Fund to monitor the operation of companies from the government's portfolio and take appropriate measures in companies experiencing more serious problems. (hina) sp rml sb

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