ZAGREB, May 3 (Hina) - The participants in a Croatian Development Forum Monday conference in Zagreb concluded it was high time to open a parliamentary debate on the economic situation in the country, which they assessed as serious and
dramatic. The economists, scientists, businessmen, and representatives of expert institutions, employers, and trade unions, who took part in the conference, asked to be given the possibility to present their views before parliament representatives. "Croatia's economists have the obligation to warn the public about the economic situation, which has become too serious. We need responsible and expert people, new ideas and concepts to come out of the current situation," said Drazen Kalogjera, an advisor at the Economy Institute in Zagreb. He assessed this could not be a task of the present government. The participants in the conference assessed
ZAGREB, May 3 (Hina) - The participants in a Croatian Development
Forum Monday conference in Zagreb concluded it was high time to open
a parliamentary debate on the economic situation in the country,
which they assessed as serious and dramatic.
The economists, scientists, businessmen, and representatives of
expert institutions, employers, and trade unions, who took part in
the conference, asked to be given the possibility to present their
views before parliament representatives.
"Croatia's economists have the obligation to warn the public about
the economic situation, which has become too serious. We need
responsible and expert people, new ideas and concepts to come out of
the current situation," said Drazen Kalogjera, an advisor at the
Economy Institute in Zagreb.
He assessed this could not be a task of the present government.
The participants in the conference assessed the economic and social
situation had deteriorated in this year's first trimester. This was
especially evident in reduced financial soundness, stagnated
Croatian export, and reduced foreign currency reserves protecting
the kuna, they said.
The participants also pointed to the increasing number of
bankruptcies and the increased growth of services' prices, with
those of oil and power possibly following soon.
It is necessary to resolutely begin with a budget revision and cuts
in unnecessary investments and public expenditure.
(hina) ha jn