ZAGREB, March 6 (Hina) - To extend the time of repayment for shares
of small shareholders for 20 years, to deliver shares to displaced
persons and civilian war victims as well as to direct 25 per cent
of the capital held by state-owned firms into pension funds are the
basic characteristics of the draft bill on privatization.
Croatian Privatization Minister Ivan Penic today presented the
draft bill to journalists at a press conference in Zagreb.
Croatian displaced people and refugees who are now
accommodated outside Croatia after being expelled from the occupied
Croatian areas, have the right to receive shares. The displaced
persons would have the right to get shares worth of 7,000 German
marks, according to Penic.
He spoke of a proposal, not included on the draft bill on
privatization, that the shares should be delivered to retirees as
well, worth of 4,000 German marks for per retired person.
(hina) mar mms
061447 MET mar 95
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