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SEMINAR ON INVESTMENT POSSIBILITIES IN CROATIA HELD IN PRAGUE

PRAGUE PRAGUE, April 14 (Hina) - Investment possibilities in Croatia were discussed on Tuesday night within an event presenting Croatian economy, which is being held in Prague. The seminar was addressed by Croatian Chamber of Commerce (HGK) president Nadan Vidosevic, Assistant Economy Minister Neven Mimica, a director at the HGK, Dunja Konjevod, and the director of the Croatian Agency for Investment Promotion (HAPU), Vanja Kalogjera. The head of the Czech Ministry of Industry and Trade's department for countries in transition, Jan Hronik, and the director of "Czech Trade", Judita Stouracova, spoke about the interests and potential of the Czech economy. Economy Minister Porges announced that Croatia was preparing a package of measures for foreign investments, which would include benefits for major investors. Porges' assistant Neven Mimica said Croatia would not realise the expe
PRAGUE, April 14 (Hina) - Investment possibilities in Croatia were discussed on Tuesday night within an event presenting Croatian economy, which is being held in Prague. The seminar was addressed by Croatian Chamber of Commerce (HGK) president Nadan Vidosevic, Assistant Economy Minister Neven Mimica, a director at the HGK, Dunja Konjevod, and the director of the Croatian Agency for Investment Promotion (HAPU), Vanja Kalogjera. The head of the Czech Ministry of Industry and Trade's department for countries in transition, Jan Hronik, and the director of "Czech Trade", Judita Stouracova, spoke about the interests and potential of the Czech economy. Economy Minister Porges announced that Croatia was preparing a package of measures for foreign investments, which would include benefits for major investors. Porges' assistant Neven Mimica said Croatia would not realise the expected Gross Domestic Product this year because of recession trends. At the end of last year and the beginning of this year, there was a decrease in personal and public spending due to the smaller inflow of foreign capital, and Croatia has to turn to import and foreign markets. As regards its trade relations with foreign countries, Croatia has been registering a negative balance of payments with all central European countries, Mimica said, adding though that the deficit was not worrying because "we are creating conditions for a more intensive exchange, not only as regards trade, but production and joint investments as well". Dunja Konjevod informed Czech business people about legal conditions for doing business in Croatia, adding that ten representatives of Czech companies were already operating in Croatia. HAPU director Vanja Kalogjera said that good opportunities for Czech investments were offered in Croatia's tourism, traffic infrastructure and the sewerage infrastructure in the coastal region. Czech representative Hronik called for more intense presence of Croatian business people on the Czech market. Croatia is participating with only 0.4 per cent in the overall foreign trade of the Czech Republic, he added. (hina) rml

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