ZAGREB, Feb 22 (Hina) - Croatia's Government on Thursday entrusted the management boards of 15 public companies with the task of implementing an investment plan, worth some 11.5 billion kuna (approximately 1.37 billion US dollars)
within this year.
ZAGREB, Feb 22 (Hina) - Croatia's Government on Thursday entrusted
the management boards of 15 public companies with the task of
implementing an investment plan, worth some 11.5 billion kuna
(approximately 1.37 billion US dollars) within this year.#L#
According to the plan adopted today, Croatian Telecom (HT) will
invest three billion kuna ($350 million), INA (oil company) will
spend about two billion kuna ($240 million) for this purpose,
Croatian Railways (HZ) some 750 million kuna ($89 million) and the
power industry HEP over 100 million kuna ($12 million).
In 2000, which was the tenth consecutive year with a fall in
investments, they fell by two percent. The Government is planning
to have a 10.1 percent climb in the investment and a four percent
rise in the entire economic growth this year, Finance Minister Mato
Crkvenac said.
During the first part of its session on Thursday, Ivica Racan's
Cabinet defined a new model for the organisation and financing of
road construction. Thus as of 1 April, the Croatian Road Management
will transform into two companies - Croatian Motorways (HAC) and
Croatian Roads (HC).
The government is to allocate some 3.2 billion kuna ($380 million)
this year and 16 billion kuna (less than two billion dollars) by
2004 for the building of roads.
(hina) ms