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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.