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Milanovic cabinet invalidates previous government's decision on CO share transfer

Autor: mses
ZAGREB, July 25 (Hina) - The cabinet of Prime Minister Zoran Milanovic on Thursday invalidated a decision made by the previous government in September 2011 regarding the transfer of 29% of the stock in the Croatia Osiguranje (CO) insurer and 10.6% of the stock in the Janaf oil pipeline operator into the state-run Pensioners' Fund in a bid to cover liabilities to pension recipients. However, the September 2011 decision was adopted too late, which was why the government had to take a loan to service the debt towards pensions, and the incumbent government has added it to the country's public debt.

(Hina) ms

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