ZAGREB, 19 Feb (Hina) - The Croatian President Franjo Tudjman on Wednesday received a Croatian Government delegation on the occasion of the issuing of first Croatian Euro-kuna bonds, the President's Office said in a statement.
ZAGREB, 19 Feb (Hina) - The Croatian President Franjo Tudjman on
Wednesday received a Croatian Government delegation on the occasion
of the issuing of first Croatian Euro-kuna bonds, the President's
Office said in a statement. #L#
Premier Zlatko Matesa, Vice Premier Borislav Skegro and
Finance Minister Bozo Prka informed President Tudjman about
Croatia's favorable rating on the international financial market.
President Tudjman was informed about the presentation of
Croatia in the financial centres in Asia, the United States and
Europe, which is aimed at increasing demand for Euro-bonds,
promoting the country and stimulating direct foreign investments.
Croatia is one of only three countries in transition whose
national currency bonds are recognised on the international
financial market. That requires a low inflation rate, stable
political and economic systems and a stable national currency.
The fact that the launched bonds amount to 300 million kuna is
a proof that Croatia meets all necessary requirements.
With the assessment of Croatia's investment credit rating,
conditions for the successful issuing of Euro-bonds in U.S. dollars
have been created, which secured access to the widest circle of
investors on the international capital market.
300 million kuna of Croatian bonds have been launched on
Brussels and Luxembourg stock exchanges, which resulted in doubled
interest, which proves the interest of international financial
circles in investing in Croatia, Government officials said.
The meeting was also attended by presidential advisor on
economy Darko Grguric and Deputy Presidential Chief-Of-Staff, Vesna
Skare- Ozbolt, the statement said.
(hina) rm jn
191656 MET feb 97