ZAGREB, Jun 19 (Hina) - British investors are planning to increase
their involvement in Croatia now that London has introduced export
credit insurance for the Croatian market, Croatian Economy Minister
Davor Stern and British Ambassador Gavin Hewitt said in a joint
statement on Wednesday.
"Prospects for cooperation seem very rosy right now," Minister
Stern said after meeting a group of British businessmen,
representatives of about forty banks and companies who are on a
five-day visit to Croatia to investigate investment opportunities.
"The privatisation of tourist facilities could be a great
opportunity for investment," Minister Stern said.
However, there were still some "doubts and uncertainties"
about Croatia's plans in certain areas, Ambassador Hewitt said.
According to British businessmen, there are three major
obstacles standing in the way of foreign investment: the overpriced
kuna, the high costs of living and excessive taxation.
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