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Public investment couldn't trigger recovery, conference hears

ZAGREB, March 24 (Hina) - Believing that state investments will generate economic recovery turned out to be an illusion because they were often ineffective and cannot provide a sustainable growth model for Croatia, which should be based on private investments, the lack of which signals an unfavourable business climate which will not result in a satisfactory sustainable growth, Croatian National Bank (HNB) governor Boris Vujcic said on Monday.

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