CRO GOVT SENDS JOINT-STOCK COMPANY TAKEOVER BILL TO PARLIAMENT

ZAGREB, June 5 (Hina) - The Croatian government sent bills on sports and the takeover of joint-stock companies to parliament on Thursday. The final bill on protection from natural disasters was sent to parliament sent for the second reading. The government approved several reports on the signing of international agreements, including a report on Croatian-German negotiations on the preparation of a draft social insurance agreement. Labour and Welfare Minister Joso Skara was authorised to sign the agreement. Speaking of the bill on joint-stock company takeover procedure, Prime Minister Zlatko Matesa said that the government wanted the capital and securities markets fully regulated. Finance Minister Bozo Prka said that the basic aim of the bill was to ensure transparency in the takeover of companies and protection of small shareholders. The law would not cover the Croatian Privatisation Fund, the Croatian Pension Insurance Company and some financial organisations for which the procedure of share takeover was regulated by the Banks and Savings Banks Act. The government decided to initiate procedure for signing a European agreement on main inland waterways of international importance. Transport Minister Zeljko Luzavec said that the agreement foresaw development of a network of navigable waterways, including a future Danube-Sava canal. The government decided to grant demobilised Croatian soldiers state-owned farmland, and named Economy Minister Nenad Porges Croatian representative in the Multilateral Guarantee Investment Agency (MIGA). (hina) vm jn 051355 MET jun 97