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ECONOMIST CONFERENCES ROUND TABLE WITH CRO GOVERNMENT ENDS

ZAGREB, Dec 5 (Hina) - The third round-table conference with the Croatian Government, organised by a Vienna-based association The Economist Conferences, ended Tuesday. EC vice-president William Crisp told a news conference after the round-table the general appearance was that the Croatian Government was consistent in its efforts to implement its programme. During the two-day conference, closed for the public, relevant ministers relayed their views on the present economic and political moment and Croatia's future development to representatives of leading foreign companies in Croatia. They informed them about the Government's policy towards the European Union, Croatian fiscal goals, monetary policy, currency stability and banking issues, privatisation, promoting the justice system, tourism and other issues interesting for investors. There is a consistency in the Croatian Government concerning the implementa
ZAGREB, Dec 5 (Hina) - The third round-table conference with the Croatian Government, organised by a Vienna-based association The Economist Conferences, ended Tuesday. EC vice-president William Crisp told a news conference after the round-table the general appearance was that the Croatian Government was consistent in its efforts to implement its programme. During the two-day conference, closed for the public, relevant ministers relayed their views on the present economic and political moment and Croatia's future development to representatives of leading foreign companies in Croatia. They informed them about the Government's policy towards the European Union, Croatian fiscal goals, monetary policy, currency stability and banking issues, privatisation, promoting the justice system, tourism and other issues interesting for investors. There is a consistency in the Croatian Government concerning the implementation of three basic principles: economic changes, building a civil society and market economy, Crisp said. According to him, the Government understands that the economy must be restructured and capital investments increased in order to solve the problem of the high level of unemployment. From discussions of ministers it is notable that the Croatian Government supports foreign investments and privatisation of public companies. However, Crisp added, foreign investors need much more information about these intentions, as well as a clear legal foundation and security for their investments. Crisp stressed conferences such as this one helped potential investors to better determine their investment strategy. Foreign companies wishing to invest into a country, including Croatia, have two possibilities: to accept the conditions as they are and begin investing, or give up from investing due to unfavourable conditions, Goran Radman of Microsoft Croatia said. According to him, Croatia's difficulties are not of a nature or intensity as to make foreign investors give up from investing. (hina) lml

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