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BUSINESS NEWS BULLETIN, NO 118

HR-GOSPODARSTVO-BILTENI-Makrogospodarstvo BUSINESS NEWS BULLETIN, NO 118 BUSINESS NEWS BULLETINNo 118April 24 - 30, 1999CONTENTS:? FOREIGN DEBT US48.49bn LATE LAST YEAR 2? MONEY AGGREGATE HRK12.09bn LATE IN FEBRUARY 2? FINANCIAL MARKETS 2? MEDJIMURSKA BANK INTRODUCES INTERNET BANKING 3? DALMATINSKA BANKA PERFORMS WELL 3? SAVA INSURANCE MAKES PROFIT OF HRK4.71m 3? AUSTRIA INSURANCE SET UP IN ZAGREB 4? CROATIA AWARDED LOWER CREDIT RATING BY HITCH IBCA 4? STANDARD & POOR?S SEES NO REASON FOR LOWERING CROATIA?S CREDIT RATING 4? VARAZDIN SECURITIES MARKET HOLDS ANNUAL ASSEMBLY 4? OWNERSHIP CERTIFICATES START BEING ISSUED 5? GOVERNMENT GIVES THE GO-AHAEAD FOR THE PRIVATATISATION OF THE CROATIAN TELECOMS 5? ENDORSED CORPORATE RECOVERY SCHEME 6? HRK64.8m TO BE ALLOCATED FROM STATE BUDGET FOR ADDITIONAL TOURISM PROMOTION 6

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