LONDON, May 4 (Hina) - Croatian Prime Minister Ivica Racan said in London on Thursday Croatia would in four to six weeks adopt a new law on investments, which would facilitate foreign investments in the Croatian market. Racan, who is
heading a delegation of high state officials on an official visit to Great Britain, was commenting on today's talks with Britain's Minister of Trade and Industry Stephen Byers. According to Economy Minister Goranko Fizulic, who also attended the talks between Racan and Byers, the British delegation was informed about new legal solutions on profit taxation.The Croatian Government is particularly interested in investments into new production facilities, which would help increase exports and create new jobs. Fizulic said British business circles were still under the impression of the policy of the previous government, which they believe in some cases even intentionally directed
LONDON, May 4 (Hina) - Croatian Prime Minister Ivica Racan said in
London on Thursday Croatia would in four to six weeks adopt a new law
on investments, which would facilitate foreign investments in the
Croatian market. Racan, who is heading a delegation of high state
officials on an official visit to Great Britain, was commenting on
today's talks with Britain's Minister of Trade and Industry Stephen
Byers.
According to Economy Minister Goranko Fizulic, who also attended
the talks between Racan and Byers, the British delegation was
informed about new legal solutions on profit taxation.
The Croatian Government is particularly interested in investments
into new production facilities, which would help increase exports
and create new jobs.
Fizulic said British business circles were still under the
impression of the policy of the previous government, which they
believe in some cases even intentionally directed investments away
from Croatia.
The British delegation did not speak about concrete cases but it is
known that British investors are interested in investments into the
thermal power plant Lukovo Sugarje as well as into the hotel
"Argentina", a golf course, and the hotel "Primosten" in
Dubrovnik.
The previous Croatian authorities did not demonstrate interest in
those business intentions and the British investors gained an
impression that their capital is not desirable in Croatia, Fizulic
said.
The Croatian delegation at today's talks expressed interest in
investments into power industry, ports and tourism, as well as in
the insurance and banking sectors.
Great Britain supports Croatia's efforts to join the World Trade
Organisation (WTO) and one sign of Britain's practical support is a
promise that it would back Croatia's bid for increasing the export
quota for the European Union market.
(hina) rml