TEXTILE COMPANIES FROM GUCIC GROUP WILL BE SAVED

ZAGREB, Dec 10 (Hina) - Directors of textile companies from the Gucic Group will in seven days submit to the Economy and Finance Ministries analyses of the current situation in those companies, so that the reorganisation of the Gucic concern could be completed in line with the government decision of July 22, 1999. This was agreed at Friday's meeting between the directors and union commissioners of the companies from the Gucic Group and Assistant Finance and Economy Ministers, Kruno Kovacevic and Ivan Novacic respectively, the Economy Ministry said in a statement issued after the meeting. The 22 July decision of the Croatian Government, Economy Minister Nenad Porges said after yesterday's government session, will help save the companies from the Gucic Group, because they have their market and products and are export-oriented. The government model envisages the joining of the companies' portfolios into 'Naprijed' company, whose 100% owner will be the Croatian Privatisation Fund. He also said none of some 2,000 textile workers in the Gucic Group would be threatened because their wages were paid regularly and experts had estimated that the companies had a future on the market. (hina) mm rml