DUBROVNIK DUBROVNIK, June 26 (Hina) - The 9th international conference on transitional banking started in Dubrovnik Thursday in the organisation of the Croatian National Bank (HNB).
DUBROVNIK, June 26 (Hina) - The 9th international conference on
transitional banking started in Dubrovnik Thursday in the
organisation of the Croatian National Bank (HNB). #L#
The three-day conference has gathered 80 participants, experts
from the country and abroad, including representatives of the most
significant financial institutions, such as the International
Monetary Fund, the World Bank, the European Bank for Reconstruction
and Development and representatives of numerous business and
investment banks.
The conference was opened by Croatian Vice-Premier Slavko Linic.
Commenting on Croatia's financial position in relation to other
countries in transition, Linic said it was obvious Croatia was
trying to have its own path and needed foreign capital because a
part of its own had perished during the Homeland War.
A significant amount of funds had to be invested into Croatia's
defence and an enormous amount into post-war reconstruction, Linic
stressed, adding that on the other hand, Croatia had had ten years
of failures in transition, i.e. a completely failed model of
privatisation, and, in its implementation, "a number of crimes
against property where capital we had was spent".
(hina) lml sb