MINISTER PENIC PRESENTS CROATIAN DRAFT BILL ON PRIVATIZATION

ZAGREB, March 6 (Hina) - To extend the time of repayment for shares of small shareholders for 20 years, to deliver shares to displaced persons and civilian war victims as well as to direct 25 per cent of the capital held by state-owned firms into pension funds are the basic characteristics of the draft bill on privatization. Croatian Privatization Minister Ivan Penic today presented the draft bill to journalists at a press conference in Zagreb. Croatian displaced people and refugees who are now accommodated outside Croatia after being expelled from the occupied Croatian areas, have the right to receive shares. The displaced persons would have the right to get shares worth of 7,000 German marks, according to Penic. He spoke of a proposal, not included on the draft bill on privatization, that the shares should be delivered to retirees as well, worth of 4,000 German marks for per retired person. (hina) mar mms 061447 MET mar 95