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BUSINESS NEWS BULLETIN, NO 121

HR-GOSPODARSTVO-BILTENI-Makrogospodarstvo BUSINESS NEWS BULLETIN, NO 121 BUSINESS NEWS BULLETINNo 121May 15 - 21, 1999CONTENTS:? FISCAL REVENUE: DROP IN VAT REVENUE 2? PARTNERSHIPS POST HRK79BN CASH INFLOWS 2? INDUSTRIAL OUTPUT DROPS 2? AVERAGE NET WAGE IN MARCH REACHES HRK2,765 2? 318,657 JOB SEEKERS IN CROATIA IN LATE APRIL 2? 296,434 TOURISTS VISIT CROATIA IN THE FIRST QUARTER 3? DUN & BRADSTREET SAYS CROATIAN GDP WILL GROW BY ONE PER CENT 3? FINANCIAL MARKETS 3? CENTRAL BANK?S COUNCIL LOOKS AT LAST YEAR?S PERFORMANCE OF CLEARING HOUSE 4? PBZ MAKES A NET PROFIT OF HRK119m IN 1998 4? SHAREHOLDERS OF PARTNER BANKA HOLD ANNUAL ASSEMBLY 4? RIJECKA BANKA?S 1998 PROFIT HRK87.8m 5? SPLITSKA BANKA POSTS HRK31.58m NET PROFIT 5? 1998 AS BEST BUSINESS YEAR FOR CROATIA INSURANCE 5? SOON TO BE LAUNCH THE PRO. LEADING TO THE SIGNING OF AGREEM. BETWEEN RH AND IBRD 5

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