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Strategy being prepared to better use state-owned property in Croatia

ZAGREB, April 6 (Hina) - A draft strategy for managing state-owned property in Croatia from 2013 to 2017 is likely to be on the government's agenda in late April and to be sent into parliamentary procedure after that, while the accompanying document including a list of all state assets is likely to be compiled by the end of this year, the government office for state property management said on Wednesday.

The draft strategy is currently open for public discussion, which is to be concluded on 17 April.

According to the document, which includes data from Eurostat, although it is a relatively small country, Croatia has one of the highest government-owned property and assets rates in Europe, being the fifth in the rankings after Norway, Finland, Iceland and Sweden.

However, Norway, rich in crude oil, earns 11% of its GDP annually from state-owned property, Sweden and Finland earn 4%, while Croatia obtains only 0.7% of its GDP, or 300 million euros annually, from state-owned assets.

Therefore, the proposed strategy recommends the introduction of an integral model of managing such assets in Croatia to make better use of the government-owned property.

According to the draft, the government had an interest in a total of 631 companies in mid-March 2013, and the government's share in 555 of them was up to 49.99%, while the state interest in 61 companies was above 50% of those companies' capital, and there were 15 non-operating companies.

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