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GOVT DISCUSSES OPERATION OF CROATIAN AGENCY FOR GUARANTEES

ZAGREB, Dec 16 (Hina) - In the first nine months of 1999, the Croatian Agency for Guarantees (HGA) has given 363 guarantees amounting to some 95 million kuna (about DM23.7 million) as well as 291 one-time grants amounting to 2.8 million kuna (some DM700,000). The guarantees and grants have helped create 790 new jobs and supported 117 family farms, it was said at Thursday's session of the Croatian Government, which adopted a report on the work of the HGA. Since its establishment in 1995, the HGA has issued 1,938 guarantees amounting to some 340 million kuna (DM85 million), HGA director Zdravko Muraj said. Muraj stressed that no guarantees had been issued in the first nine months of 1999. There have been some changes in the structure of granted guarantees also, he said, adding the number of guarantees given in the first nine months of 1999 was smaller but their individual value was higher. Most of the guara
ZAGREB, Dec 16 (Hina) - In the first nine months of 1999, the Croatian Agency for Guarantees (HGA) has given 363 guarantees amounting to some 95 million kuna (about DM23.7 million) as well as 291 one-time grants amounting to 2.8 million kuna (some DM700,000). The guarantees and grants have helped create 790 new jobs and supported 117 family farms, it was said at Thursday's session of the Croatian Government, which adopted a report on the work of the HGA. Since its establishment in 1995, the HGA has issued 1,938 guarantees amounting to some 340 million kuna (DM85 million), HGA director Zdravko Muraj said. Muraj stressed that no guarantees had been issued in the first nine months of 1999. There have been some changes in the structure of granted guarantees also, he said, adding the number of guarantees given in the first nine months of 1999 was smaller but their individual value was higher. Most of the guarantees were given to entrepreneurs and craftsmen, whereas the number of guarantees to agriculture was decreasing, although agriculture remains the branch which received the largest number of guarantees. Counties with the largest number of guarantees are Split-Dalmatia, Slavonski Brod-Posavina, and the City of Zagreb, Muraj said. The Government approved changes to five Agency programmes, including those aimed at stimulating small-sized entrepreneurship and businesses in the areas of special government concern. The session, which was chaired by Finance Minister Borislav Skegro, also adopted a regulation on the implementation of the Customs Law. The Government today also okayed the signing of a contract regarding a Japanese deed of gift for preparing the project of modernisation of the Rijeka port. A Japanese government trust will grant US$337,500 for that purpose, whereas the modernisation programme would be financed through a World Bank loan. (hina) rml

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