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400 ounce gold bar worth over EUR 500,000 presented in Zagreb

Author: Hari Alfeo

ZAGREB, Dec 13 (Hina) - A 400 ounce gold bar worth over EUR 500,000 was presented in Zagreb on Tuesday to mark the entry on the Croatian market of the Moro & Kunst international company and Austria's Muenze Oesterreich mint.

Director Ivan Moro said that Moro & Kunst, which trades in investing in gold and other precious metals, had been present on the international financial market for 20 years and that it was one of the leading gold dealers in Southeast Europe.

"Here it will also represent the Muenze Oesterreich mint, which has been known around the world for 800 years for top-notch precious metal processing and coin making, for which it is probably most famous in the world," Moro said.

He said the mint's "Vienna Philharmonic" gold coin had been the biggest selling gold coin in the world four times.

"After Croatia joined the European Union, we and the Vienna mint considered entering the market here, which we have finally done. We have provided a safe and stable environment to all investors to facilitate quality and reliable trading in accordance with the highest international standards," Moro said.

The 400 ounce gold bar bears London's Good Delivery stamp, which guarantees top quality gold and is the only one traded on leading international markets. Good Delivery bars are mainly bought by central banks for gold reserves and mints.

The director of Austria's foreign trade office, Sonja Holocher-Ertl, said Austria-Croatia trade in the first eight months of 2016 totalled EUR 1.7 billion, up 3% on the year, and could reach EUR 2 billion by year's end.

Croatian exports to Austria in said period went up 11%, after totalling EUR 539 million in 2015, while Austrian exports to Croatia totalled EUR 1.37 billion, the same as last year, Holocher-Ertl said.

Austria remains one of the biggest investors in Croatia and it is estimated that these investments have secured nearly 30,000 jobs, she said. Austria has mainly invested in IT, finance, retail chains and tourism.

A survey conducted by her office shows that 55 percent of Austrian investors believe the business climate in Croatia will improve next year.

(Hina) ha

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