ZAGREB, Feb 6 (Hina) - Following reports by the Payment Operations Bureau (ZAP) on an increase in unpaid claims, the Croatian Employers' Association (HUP) on Tuesday sent a letter to Finance Minister Mato Crkvenac demanding that more
efforts be invested into resolving the problem of collecting claims. In the letter, the copies of which were distributed to reporters at a news conference, HUP director Zeljko Ivancevic conveys the concern of HUP members about the method used to set the 2000 protective rate at 11.09 percent instead at the expected 16.76 percent. "It is unusual, to say the least, that after one method of calculation of the protective rate was used for years, a new method is being introduced in the last year of the old system," he said. Ivancevic believes the consistency of the old system is being sacrificed for the sake of filling the budget and increasing the
ZAGREB, Feb 6 (Hina) - Following reports by the Payment Operations
Bureau (ZAP) on an increase in unpaid claims, the Croatian
Employers' Association (HUP) on Tuesday sent a letter to Finance
Minister Mato Crkvenac demanding that more efforts be invested into
resolving the problem of collecting claims.
In the letter, the copies of which were distributed to reporters at
a news conference, HUP director Zeljko Ivancevic conveys the
concern of HUP members about the method used to set the 2000
protective rate at 11.09 percent instead at the expected 16.76
percent.
"It is unusual, to say the least, that after one method of
calculation of the protective rate was used for years, a new method
is being introduced in the last year of the old system," he said.
Ivancevic believes the consistency of the old system is being
sacrificed for the sake of filling the budget and increasing the tax
burden on the economy.
Introduced at the press conference was a new HUP member - an
association for financial mediation, which gathers brokerage
houses, stock markets, societies for the management of investment
funds and others.
The association's president Damir Ostovic said the association's
aim was to be the government's partner in the adoption and changing
of laws and by-laws regulating the capital market.
(hina) rml