CROATIAN REPS PRESENT CROATIA'S PRIVATISATION OFFER IN BUDAPEST

BUDAPEST, March 30 (Hina) - A delegation of Croatian officials and economic experts presented Croatia's privatisation offer in Budapest on Tuesday. Tourism Minister Sergej Morsan stressed Croatia's advantages in the field of tourism. Croatian laws provide for the legal security of foreign investments in Croatia, which foreign supervisors have assessed as being sufficient. Privatisation Fund president Stipe Hrkac spoke about the properties of the privatisation process in Croatia and announced that seven public companies would be privatised. Croatian Telecommunications is the first of them to undergo privatisation. The head of the Agency for the Promotion of Foreign Investments, Vanja Kalogjera, spoke about legal preconditions for foreign investments. Kalogjera stressed the political, legal and economic stability in Croatia, which, he said, confirms Croatia's relatively good rating with foreign investment risk experts. Supporting his statements, Kalogjera said the inflation rate in Croatia was 3 per cent, the Government was conducting a conservative fiscal policy, 55 per cent of all workers were employed in service industries and 25 per cent in production, which is similar to the proportions in developed countries. Representatives of the Croatian Privatisation Fund, Pension Insurance Bureau, Splitska Banka, Privredna Banka and privatisation investment funds then presented tourist offer on the Adriatic coast. (hina) jn rml