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EBRD GRANTS CROATIA 350 MILLION DOLLARS SO FAR

ZAGREB, Oct 29 (Hina) - Croatian President Franjo Tudjman on Tuesday received the president of the European Bank for Reconstruction and Development (EBRD), Jacques de Larosiere, the President's Office said in a statement.
ZAGREB, Oct 29 (Hina) - Croatian President Franjo Tudjman on Tuesday received the president of the European Bank for Reconstruction and Development (EBRD), Jacques de Larosiere, the President's Office said in a statement. #L# De Larosiere informed Tudjman that the EBRD had so far granted 350 US dollars for the reconstruction of Croatian infrastructure, navigational radar system and roads. EBRD cooperated with Croatian banks and companies and was especially satisfied with its cooperation with the Croatian pharmaceutical company Pliva which had proved itself on the international market, de Larosiere said. He expressed great satisfaction with the macro-economic stability in Croatia, the great potential of small and middle-scale companies and announced support in the privatization of large companies and the financial sector, as well as in the promotion of the efficiency of companies, the statement said. Despite the problems in the transition from a socialist to market economy, Croatia had achieved a great deal even during the war, Tudjman said, stressing that the process of privatization of large companies could be effectively implemented with the help of international institutions such as the EBRD. Present at the meeting were also Croatian Prime Minister Zlatko Matesa, President's Chief-of-Staff Ivo Sanader, Finance Minister Bozo Prka and Croatian Ambassador to Great Britain Ante Cicin-Sain. (hina) lm mm 291439 MET oct 96

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