ZAGREB, Feb 29 (Hina) - The United States Overseas Private Investment Corporation (OPIC) will promote the United States investments to Croatia and intends to establish an office and a fund for that purpose in this area, OPIC executive
vice president Kirk Robertson said in Zagreb on Tuesday.
ZAGREB, Feb 29 (Hina) - The United States Overseas Private
Investment Corporation (OPIC) will promote the United States
investments to Croatia and intends to establish an office and a fund
for that purpose in this area, OPIC executive vice president Kirk
Robertson said in Zagreb on Tuesday.#L#
The OPIC intends to establish a long-term fund for Croatia, which
will promote investments, economic reforms, reconstruction and
privatisation in the area. The fund would amount to US$150 million,
Robertson told a press conference held in the United States Embassy
in Croatia.
During his talks with Croatian officials, Robertson will announce
OPIC's initiatives in Croatia as well as regional initiatives
within the Stability Pact.
He pointed to the positive atmosphere for United States investments
to Croatia, and announced close cooperation between the OPIC and
the new Croatian Government.
Croatia has good chances and the OPIC is planning 13 individual
projects in this area, Robertson stressed.
The new Croatian Government clearly stressed it would open towards
foreign investors, and the opening of the OPIC office to Croatia is
the United States help to this efforts, the United States
Ambassador to Croatia, William Montgomery, said at the
conference.
When asked whether OPIC clients complained that they met with
obstacles in Croatia, Robertson said transparencies, struggle
against the corruption, and social and economic stability was
observed in all countries whose economy and industry was
developing, which was the case with Croatia.
He also stressed that the OPIC cooperated with companies of
different sizes, however it preferred small and medium companies.
The OPIC enables loans and will ensure cooperation between United
States companies and Croatian partners, Robertson said.
During his visit to Croatia, Robertson is scheduled to meet with the
Croatian Economy Minister, Finance Minister, as well as
representatives of the agency for the promotion of investments and
the United States Trade Chamber in Croatia.
(hina) it jn