INT. MULTI-PROJECT FOR RESTRUCTURING OF CRO FIRMS SUCCESSFUL- VOJKOVIC

ZAGREB, March 22 (Hina) - Positive results have been made by sixteen (16) Croatian companies from different economic branches, which have taken part in a restructuring project launched by the German organisation "Carl Duisberg Gesellschaft" (CDG) and the Croatian Privatisation Fund (HFP). At a news conference on Thursday the Fund's head, Hrvoje Vojkovic, said the Inhouse Training programme, developed by the Fund and CDG, helped train managers for running firms in conditions of market economy. For the two years during which the project entitled "Restructuring and Rehabilitation of Croatian Companies" has been implemented, a great step forward has been made on the path towards the companies' market orientation. Vojkovic said the project also opened up a possibility for creating stability in the entire economy. Croatian managers, in cooperation with German experts, have analysed problems in relation to the restructuring of their companies, elaborated strategies for solutions and prepared business plans in accordance with their future policy. To achieve as great efficiency as possible, the sixteen companies have been selected from the following branches: textile industry, agriculture, metal-working industry and tourism. The appointed German experts and trained Croatian advisors cared for them in the last two years. CDG is non-profit-making organisation for the international expert training and development of human resources. Since 1993 it has been active in projects in Croatia. (hina) ms