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NADAN VIDOSEVIC RE-ELECTED PRESIDENT OF CRO CHAMBER OF COMMERCE

ZAGREB, Sept 1 (Hina) - The president of the Croatian Chamber of Commerce (HGK), Nadan Vidosevic, was re-elected to his office on Wednesday. Vidosevic announced that in the next four years of his mandate the HGK would concentrate on promoting and stimulating export, without which there can be no progress in economy. A market with a population of 4.5 million is insignificant in international relations and in such an environment Croatia can function only as a country with open borders, integrated in regional and European integration courses, Vidosevic said. Commenting on yesterday's meeting of presidents of south-east European chambers of commerce in Ljubljana, which focused on a more active role of those chambers of commerce in the Stability Pact for the reconstruction of east Europe, Vidosevic said Croatia needed to establish a close cooperation with south-east European
ZAGREB, Sept 1 (Hina) - The president of the Croatian Chamber of Commerce (HGK), Nadan Vidosevic, was re-elected to his office on Wednesday. Vidosevic announced that in the next four years of his mandate the HGK would concentrate on promoting and stimulating export, without which there can be no progress in economy. A market with a population of 4.5 million is insignificant in international relations and in such an environment Croatia can function only as a country with open borders, integrated in regional and European integration courses, Vidosevic said. Commenting on yesterday's meeting of presidents of south-east European chambers of commerce in Ljubljana, which focused on a more active role of those chambers of commerce in the Stability Pact for the reconstruction of east Europe, Vidosevic said Croatia needed to establish a close cooperation with south-east European countries, not ignoring its aspirations toward western Europe. There are many basic issues in the Croatian economy which need to be resolved, Vidosevic said adding it was time for modesty, saving and the creation of a cheap state. The fight for social rights cannot be put above the economic potential of the state any more, he said. "It is shameful to talk about salary increases, which currently account for 30 per cent of the state budget, if there are one million pensioners and if 20 per cent of those working have not been receiving salaries", Vidosevic said. Commenting on the possible reduction of the VAT rate (22%), Vidosevic said the HGK supported its reduction, especially in the tourism sector, however, he added the current VAT rate was not the cause but a consequence of increased expenses in the budget caused by a too high increase of salaries. Asked about his possible candidacy in the next parliamentary elections, Vidosevic said it would be decided about by the Croatian Democratic Union (HDZ), whose member he was. He added though that he did not plan to run in the elections. (hina) jn rml

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