EMPLOYERS INSIST ON CLEAR CRITERIA FOR REHABILITATION OF COMPANIES

ZAGREB, June 23 (Hina) - The presidency of the Croatian Association of Employers (HUP) demands that the Government should approve the rehabilitation of firms by the budget money according to transparent criteria in the future. At Wednesday's session, the HUP Presidency opposed decisions made so far by the Government on the rehabilitation of companies and resolutely insisted on receiving an explanation from the Government about those decision. The HUP claimed that the Government approved the financial re- organisation under pressure and offhandedly and that such cases of rehabilitation were unsuccessful. Such cases of rehabilitation and additional intervention into economic processes will not improve the situation in businesses as they are measures to extinguish the fire and not to address the root of the problem, the HUP added. That's why this association reiterated their demand that measures and incentives for certain economic branches should be adopted in order to help equally to all businessmen, industrial sectors and the economy as a whole. The criteria for approving the financial re-organisation should be based on data on losses, the capital, assets, and the number of jobs. The HUP proposes that the Government should invite bids and firms can apply for the rehabilitation on grounds of these clear criteria. In this way the equal position will offered to all economic subjects. A commission which will consider bids should include officials from responsible ministries and representatives of employers and trade unions. (hina) jn ms