ZADAR TOBACCO FACTORY - EXAMPLE OF LACK OF SAFETY FOR FOREIGN INVESTMENTS ZADAR, April 24 (Hina) - The Zadar Tobacco Factory (TAZ) is reconstructed and ready to start operating but the Ministry of Agriculture and Forestry has refused
to register it as a tobacco producer, TAZ general director Anne Johnson told a news conference in Zadar on Tuesday. The management of the British American Tobacco (BAT), which owns and has invested DEM 60 million in the Zadar Tobacco Factory, is surprised at the Ministry's decision and hopes it is temporary. However, if a solution is not found in the next several weeks, this will be a message to BAT and TAZ that they are neither welcome nor necessary in Croatia and the company will be forced to close down, Johnson said. BAT is one of the leading foreign investors in Croatia and one of the few companies which have invested in Croatia's production sector, Johnson said. She added the company had contacted the Prime Minister and the Governm
ZADAR, April 24 (Hina) - The Zadar Tobacco Factory (TAZ) is
reconstructed and ready to start operating but the Ministry of
Agriculture and Forestry has refused to register it as a tobacco
producer, TAZ general director Anne Johnson told a news conference
in Zadar on Tuesday.
The management of the British American Tobacco (BAT), which owns
and has invested DEM 60 million in the Zadar Tobacco Factory, is
surprised at the Ministry's decision and hopes it is temporary.
However, if a solution is not found in the next several weeks, this
will be a message to BAT and TAZ that they are neither welcome nor
necessary in Croatia and the company will be forced to close down,
Johnson said.
BAT is one of the leading foreign investors in Croatia and one of the
few companies which have invested in Croatia's production sector,
Johnson said. She added the company had contacted the Prime
Minister and the Government asking them to discuss the new
situation urgently and warning that the case was an example of lack
of safety for foreign investments.
(hina) sb rml