ZAGREB, Feb 8 (Hina) - Croatia's new Government should show skilfulness and ability to restructure industry, liberalise trade, solve problems of liquidity by proclaiming certain firms as insolvent, in order to enable the country to
have an upgraded credit rating, said Dun & Bradstreet (D&B), an international provider of business information services, in a report for February. Following the January 3 parliamentary election, the D&B agency began considering a possibility to give Croatia the DB5a credit rating which is better than its current assessment DB5b that Croatia has had for 18 months. Of 24 countries in transition, Croatia is on the ninth place, Hungary with DB3a is the first while at the bottom of the standing is Yugoslavia with DB7. The victory of the coalition of the Social Democratic and Croatian Social Liberal parties (SDP/HSLS) over the Croatian Democ
ZAGREB, Feb 8 (Hina) - Croatia's new Government should show
skilfulness and ability to restructure industry, liberalise trade,
solve problems of liquidity by proclaiming certain firms as
insolvent, in order to enable the country to have an upgraded credit
rating, said Dun & Bradstreet (D&B), an international provider of
business information services, in a report for February.
Following the January 3 parliamentary election, the D&B agency
began considering a possibility to give Croatia the DB5a credit
rating which is better than its current assessment DB5b that
Croatia has had for 18 months.
Of 24 countries in transition, Croatia is on the ninth place,
Hungary with DB3a is the first while at the bottom of the standing is
Yugoslavia with DB7.
The victory of the coalition of the Social Democratic and Croatian
Social Liberal parties (SDP/HSLS) over the Croatian Democratic
Union (HDZ) at the recent parliamentary election opened up a
possibility of the successful implementation of political and
economic reforms ,as a precondition for giving higher credit rating
to Croatia, the D&B agency assessed.
It is necessary that there is no opposition to coming reforms in
order to achieve the goals, read the report drafted before Monday's
presidential run-off ballot in Croatia.
Dun & Bradstreet speculated then that the victory of the
presidential candidate Stjepan Mesic would bring about balance of
party relations in new ruling structures.
In the long run, Dun & Bradstreet experts predict, the Croatian
Government will have to recover the country from the international
isolation and use new positive attitude of the West in negotiations
with the European Union. This would pave the way for the
International Monetary Fund (IMF) to grant a loan of 200 million US
dollars. This report in Croatia was made public by the BonLine
company which represents the Dun & Bradstreet agency.
(hina) mm ms