ZAGREB, June 1 (Hina) - Economy policy in Croatia is orientated towards ensuring a long-term economic growth, employment and exports. Radical reforms of the economy policy are not necessary, Croatian Finance Minister Mato Crkvenac
said today. While visiting the Bregana border crossing with Slovenia, Minister Crkvenac commented yesterday's assessments of the Croatian Academy of Arts and Sciences that the current government authorities made no significant steps to settle the crisis. Crkvenac sees it as a good thing that people who work in science also deal with current economic problems. But "the view from their laboratories is not wide enough", and at the moment they are far from real life, he asserted. The economy policy must ensure stable production conditions which benefit and stimulate business, which cannot be done with a monetary policy different from the present one, by adding
ZAGREB, June 1 (Hina) - Economy policy in Croatia is orientated
towards ensuring a long-term economic growth, employment and
exports. Radical reforms of the economy policy are not necessary,
Croatian Finance Minister Mato Crkvenac said today.
While visiting the Bregana border crossing with Slovenia, Minister
Crkvenac commented yesterday's assessments of the Croatian Academy
of Arts and Sciences that the current government authorities made
no significant steps to settle the crisis.
Crkvenac sees it as a good thing that people who work in science also
deal with current economic problems. But "the view from their
laboratories is not wide enough", and at the moment they are far
from real life, he asserted.
The economy policy must ensure stable production conditions which
benefit and stimulate business, which cannot be done with a
monetary policy different from the present one, by adding funds or
spurring consumption, he stressed.
Croatia's debts are not extreme. Its foreign debt is not US$12
billion, but lesser, and although not too extensive, we must ensure
the debt does not continue to rapidly increase, Crkvenac said.
The Croatian National Bank has reported that Croatia's foreign
debts reach US$11.15 billion at the end of March.
Asked about the possible merging of banks and the founding of a
large national bank, the finance minister assessed Croatia has its
own investment banking, through the Croatian Bank for
Reconstruction and Development, and one or more banks whose
majority share holder will be the state. There does not have to be a
large national bank, examples of which have through history been
"frequently connected with problems".
(hina) lml