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PM ANNOUNCES NEW POSSIBILITIES IN PRIVATISATION OF INSURANCE COMPANY

Autor: ;RMLI;
ZAGREB, Oct 14 (Hina) - Croatian Prime Minister Ivica Racan said on Monday the government would very soon consider the situation regarding the "Croatia osiguranje" insurance company with the aim of making it one of the leading insurance companies in the region.
ZAGREB, Oct 14 (Hina) - Croatian Prime Minister Ivica Racan said on Monday the government would very soon consider the situation regarding the "Croatia osiguranje" insurance company with the aim of making it one of the leading insurance companies in the region. #L# "We do not intend to privatise the company to Croatia's detriment because the government must act responsibly," Racan said for Croatian Radio when asked about Slovenia's "Triglav" remaining the only bidder interested in the privatisation of "Croatia osiguranje". The government will consider a report on the privatisation of "Croatia osiguranje" during October as announced, Racan said. Since Germany's Allianz failed to give a more favourable offer, talks with that bidder have ended. At the same time, although it has been facing some ownership problems, Slovenia's Triglav has informed the government in writing that it intends to buy 51 percent of company shares, Racan said. He also said that the privatisation of a part of the INA oil company was continuing in line with the law. The actual bids of potential partners for the purchase of 25 percent plus one share will be known very soon. Racan said that citizens should be able to feel the achieved macroeconomic stability. It is no secret that the government believes that austerity measures are behind us and that it will be possible to define the wage policy more flexibly, Racan said. (hina) sb rml

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