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Majority in Parliament backs bill to establish investment agency

Autor: vmic
ZAGREB, April 25 (Hina) - The ruling Social Democratic Party (SDP) and Croatian People's Party (HNS) and the Independent Democratic Serb Party (SDSS) on Wednesday endorsed a bill to establish an Investment and Competitiveness Agency, while the Labour Party demanded that it be withdrawn from the urgent procedure, saying that it was "noble in its intention but impossible to carry out".

"The bill aims to provide a legal framework to increase the competitiveness of the Croatian economy by encouraging investment and employment, sector specialisation, and improvement of financial mechanisms," Deputy Economy Minister Tamara Obradovic Mazal said in Parliament while introducing the bill.

The agency would provide support to investors at all stages of investment implementation and after the completion of investment projects. It would also promote Croatia as a desirable investment destination, and would encourage cooperation between the public, private and research sectors in the development and application of innovations and new technologies, she added.

(Hina) vm

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