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CRO ECONOMY MINISTER, GERMAN OFFICIALS ON INVESTMENT POSSIBILITIES

Autor: ;RMLI;
ZAGREB, Jan 29 (Hina) - Bavaria's Minister of Economy, Transport and Technology Otto Wiesheu, who met Croatia's Economy Minister Goranko Fizulic in Zagreb on Monday, warned about the need to remove administrative obstacles to foreign investments, the Economy Ministry said a statement. The laws are good but their implementation is problematic and said obstacles are overcome easier by large companies than by small and medium businesses, Wiesheu said. The Bavarian official expressed Bavaria's readiness to invest in Croatia saying German companies appreciated Croatian workers who were known for being reliable. Fizulic said his ministry would do all it could to facilitate foreign investments, including Bavaria's. He announced the establishment of an information desk where foreign investors would be able to obtain information on investment possibilities in Croatia. He also announced a presentation of Croatia
ZAGREB, Jan 29 (Hina) - Bavaria's Minister of Economy, Transport and Technology Otto Wiesheu, who met Croatia's Economy Minister Goranko Fizulic in Zagreb on Monday, warned about the need to remove administrative obstacles to foreign investments, the Economy Ministry said a statement. The laws are good but their implementation is problematic and said obstacles are overcome easier by large companies than by small and medium businesses, Wiesheu said. The Bavarian official expressed Bavaria's readiness to invest in Croatia saying German companies appreciated Croatian workers who were known for being reliable. Fizulic said his ministry would do all it could to facilitate foreign investments, including Bavaria's. He announced the establishment of an information desk where foreign investors would be able to obtain information on investment possibilities in Croatia. He also announced a presentation of Croatian economy in Frankfurt on March 12. "The Croatian government has done much for the improvement of the economic situation. The main problem is high unemployment, which can be resolved only by increasing exports, which are the result of increased foreign investments," Fizulic said. He added foreign investors were very interested in the privatisation of public companies as well as in trade and tourism but not in 'greenfield' investments. Croatia lacks production investments, Fizulic said pointing to the problem of textile industry, which he said faced collapse without investments. German Ambassador Gebhardt Weiss, who attended the meeting, said there was an interest in improving relations between the two countries. Investment conditions in Croatia have to improve by spring at the latest due to competition in Hungary, Slovenia, the Czech Republic but also Yugoslavia, Weiss said. A forum on trade between Bavaria and Croatia, to focus on the possibility of greater presence of Bavarian companies in Croatia, especially in the field of infrastructure, will be held in Munich on February 15 and 16, the Ministry said in the statement. (hina) rml

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