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National Competitiveness Council presents annual report

Autor: ;mses;
ZAGREB, July 1 (Hina) - Maintaining sustainable public finances and redefining the role of the public sector are two burning issues whose solution is a must in order to make it possible for Croatia to improve its competitiveness in times of crisis and recession, professor Slavica Singer said on Wednesday presenting the main points from an annual report on Croatia's competitiveness in 2008, compiled by the National Competitiveness Council.
ZAGREB, July 1 (Hina) - Maintaining sustainable public finances and redefining the role of the public sector are two burning issues whose solution is a must in order to make it possible for Croatia to improve its competitiveness in times of crisis and recession, professor Slavica Singer said on Wednesday presenting the main points from an annual report on Croatia's competitiveness in 2008, compiled by the National Competitiveness Council.

Business people point out the low efficiency of the public administration, corruption and tax regulations as major obstacles for their efforts to enhance competitiveness.

Singer said that a decline of Gross Domestic Product in the first quarter of 2009 could be ascribed to a years-long procrastination in undertaking more radical structural changes, notably in the structure of economic growth.

She explained that as a small economy Croatia was not self-sufficient but it must plan its growth on a global level, which required a rise in competitiveness.

In this context she proposed a model of growth based on better productivity and export which she said required changes in the structure of production and export.

A member of the National Competitiveness Council, Ivica Mudrinic, said that it was necessary to reach a broad national consensus on a vision and strategy of Croatia's future.

He said that it would be better to redirect funds designated for shipbuilding into lucrative sectors such as ICT and energy.

(Hina) ms

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