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FOREIGN INVESTORS VISIT PRIVATIZATION MINISTRY

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ZAGREB, 12 Sept (Hina) - A group of foreign investors, whose arrival had been organized by Bank Indosuez from London, arrived in Zagreb on Thursday. The investors visited the Croatian Ministry of Privatization and Property Management, where they met with Privatization Minister Ivan Penic. The talks were also attended by Damir Ostovic, aide to Privatization Minister, Stipe Hrkac, president of the Croatian Fund for Privatization and Gotfried von Bismarck, advisor to Privatization Minister.
ZAGREB, 12 Sept (Hina) - A group of foreign investors, whose arrival had been organized by Bank Indosuez from London, arrived in Zagreb on Thursday. The investors visited the Croatian Ministry of Privatization and Property Management, where they met with Privatization Minister Ivan Penic. The talks were also attended by Damir Ostovic, aide to Privatization Minister, Stipe Hrkac, president of the Croatian Fund for Privatization and Gotfried von Bismarck, advisor to Privatization Minister. #L# The delegation of foreign investors included Selin Cebeci of Gabriel Capital from New York, Keith Swaybe, assistant director of West Merchant Bank from London, which has already invested some 10 million dollars in Croatian shares, Nick Corby, director of Kleinwort Benson Emerging Debt, Colin Greene, assistant director of Deutsche Morgan Grenfell from London, Carlos Aususto Lopez, vice president of the department for new markets of Bank Indosuez from London and Alberto Catelli of Fin-Ecosim group from Milan. Minister Penic informed his guests about the current situation in Croatia's economy, stressing tourism and transport as industrial branches which were very promising but which lacked capital. The foreign investors were mainly interested in the data on Croatia's economic development and conditions for the work of foreign investors. Representatives of the Privatization Ministry presented their guests with brochures on Croatian laws concerning foreign investors. (hina) rm 121904 MET sep 96

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