VINKOVCI, March 28 (Hina) - The leadership of Croatia's eastern Vukovar-Srijem County on Tuesday requested the recall of the Vinkovci Cibalae Bank temporary trustee. In a letter to the Government and the Croatian National Bank, county
leaders have requested that the bank be rehabilitated "so conditions for a strategic investor into a 'clean bank' could be met". County officials are concerned with the "intolerable economic situation" in Vukovar-Srijem County which, the letter said, is primarily evident "in the highest rate of unemployment in Croatia of 33 per cent, continuous insolvency of companies, lack of funds for the work of local self-government, danger from bankruptcy for a large number of companies due to the bankruptcy of the Zupanjska Bank, and the unregulated status of the town of Vukovar, which is an obstacle to the return of refugees". In order for economic difficulties to start being removed, the co
VINKOVCI, March 28 (Hina) - The leadership of Croatia's eastern
Vukovar-Srijem County on Tuesday requested the recall of the
Vinkovci Cibalae Bank temporary trustee.
In a letter to the Government and the Croatian National Bank, county
leaders have requested that the bank be rehabilitated "so
conditions for a strategic investor into a 'clean bank' could be
met".
County officials are concerned with the "intolerable economic
situation" in Vukovar-Srijem County which, the letter said, is
primarily evident "in the highest rate of unemployment in Croatia
of 33 per cent, continuous insolvency of companies, lack of funds
for the work of local self-government, danger from bankruptcy for a
large number of companies due to the bankruptcy of the Zupanjska
Bank, and the unregulated status of the town of Vukovar, which is an
obstacle to the return of refugees".
In order for economic difficulties to start being removed, the
county officials suggested an urgent meeting with the Prime
Minister and relevant ministers in Zagreb and Vukovar.
If the expected assistance fails to be given, the county executive
authority can do nothing except to resign as a moral act, the letter
said.
(hina) lml jn