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ROGLIC:IT WOULD BE COUNTER-PRODUCTIVE FOR HUP TO FAVOUR ANY PARTY

DUBROVNIK, Sep 17 (Hina) - It would be counter-productive to the Croatian Association of Employers (HUP) to favour any particular political party or to offer open support in the wake of the coming elections. Parties change their opinions and policies, while capital is always managed by the same nameless supra-national and its only objective to realise a better profit and more effective investment of resources. President of HUP on Friday said speaking to journalists covering the fifth annual assembly of the European Employers' Associations currently underway in Dubrovnik. Criticism being directed for the past two years regarding the current economic state is a message to Croatian voters in itself, Roglic said claiming that "HUP, who foresaw the stresses and problems in the economy, can be trusted". Asked about HUP's attitude regarding Croatia's accession to the World Trade Organisation (WTO), Roglic a
DUBROVNIK, Sep 17 (Hina) - It would be counter-productive to the Croatian Association of Employers (HUP) to favour any particular political party or to offer open support in the wake of the coming elections. Parties change their opinions and policies, while capital is always managed by the same nameless supra-national and its only objective to realise a better profit and more effective investment of resources. President of HUP on Friday said speaking to journalists covering the fifth annual assembly of the European Employers' Associations currently underway in Dubrovnik. Criticism being directed for the past two years regarding the current economic state is a message to Croatian voters in itself, Roglic said claiming that "HUP, who foresaw the stresses and problems in the economy, can be trusted". Asked about HUP's attitude regarding Croatia's accession to the World Trade Organisation (WTO), Roglic and the president of the Council of HUP members Eduard Noething emphasised that Croatian employers and HUP have for sometime now insisted on preparing the Croatian economy to be included in world globalisation processes. However, this requires urgent development strategies which should be accepted by consensus of all three sides. The economy requires an inexpensive state, low taxes and contributions, cheap development capital in order to be able to achieve higher profits which would then directly strengthen the country he added. Speaking about globalisation processes, the HUP leaders stressed that urgent measures were necessary to assist the economy noting the example of Hungary where the Koprivnica based Vegeta company is constructing a new modern factory where Hungary offered its land free as well as loans to employ workers. Roglic was asked to comment President Tudjman's recent statement that extremely high salaries would be morally unacceptable in the current economic climate. It is the right of every private owner to pay salaries as agreed to if they have been earned and following to pay the necessary contributions to the state. A private company director knows quite well how much he can afford to pay his managers which of course depends on profits, objective, sales increases, cash flow etc. Roglic and Noethig believe that it would be more appropriate to refer to expensive public companies which serve for "money washing", or to the rehabilitation of private companies which were destroyed after they had been rehabilitated with the tax payers money. The employers representatives stressed that the highest increases in salaries were in fact in the public service sector, and in companies under rehabilitation while in the production sector these increases were minimal. Asked about relations between HUP and the Croatian Government and of talks held in Dubrovnik with Economy Minister Nenad Porges, Roglic announced that the Social Economic Council had been re- formed and cooperation was on the increase again. (hina) sp

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