Tuesday, 4 January 2022

Strategic Croatian Company List to be Revised as Numbers Drop

January the 4th, 2022 - Precisely what makes a strategic Croatian company? Are there any firm criteria to speak of? With the National Recovery and Resilience Plan (Croatian: NPOO) requiring explanations, it seems that there are.

As Poslovni Dnevnik/Marija Brnic writes, for years, the state has had a list of companies it owns and which are of special interest to it, but for the first time at last year's session, the government updated the list, citing precise reasons as to why each company is strategically important.

The reason for these explanations are the measures adopted by the NPOO on improving the management of state-owned enterprises, and the competent ministries will have to revise the list which contains information on each strategic Croatian company each and every year and determine the reasons why some companies in their jurisdiction are classed as strategic.

There were once 50, now there are 36...

This is a list that once numbered about 50 strategic Croatian companies, and that number appears to be constantly decreasing. As expected, this has happened again, because three companies have been "removed" from the existing list, and that list now boasts just 36. In two cases, the Institute of Immunology and the Rijeka-Zagreb Highway, the removal is due to technical reasons, while the third company, Maritime Electronics Centre Split, was "transferred" to CERP's extensive portfolio.

As for the remaining ones, as a rule, short lines are given about the company's activities, the size of the state's share in the share capital and the like. Alan Agency takes care of defense production and the procurement of weapons and equipment, AKD prepares ID cards and other official documents for the state, Croatian Post (Hrvatska posta) is the largest service network in the country and holds 83 percent of the postal services market, and Transmitters and Communications is the only network operator for all existing digital terrestrial television networks with 100 percent of the market share in DVB-Ta.

INA remains an exception

When it comes to ACI, their strategic importance lies in them taking care of the country's expansive maritime domain, and for Croatia Airlines (CA), it's crucial that its market share, which otherwise stands at 36 percent, grows to 60 percent during the winter, because most carriers don't fly, or not as much, so the Government believes that CA provides connectivity to, from and across Croatia.

HPB (Hrvatska postanska banka) is the largest domestically owned bank, and for the last decade or so it has been one of the five largest in the Croatian banking system and has deposits with a very high balance from the central government. Its title as a strategic Croatian company is as such indisputable at this time.

For all companies on the strategic Croatian company list, the state is the majority owner, with the exception of INA, which is still on the list because "of the processing and exploration of oil and gas which is important for the security of the energy supply in the Republic of Croatia."

For more, check out our dedicated business section.

Friday, 10 December 2021

Much Talked About Croatian Sunday Work Ban Still Not Happening, Yet...

December the 10th, 2021 - There has been a debate going on about a potential Croatian Sunday work ban for longer than the coronavirus pandemic has been around, with some vehemently opposed to it and others believing that the move would be a good one. With opinion divided, the topic has once again found itself on the political ''to do'' list.

As Poslovni Dnevnik writes, the draft proposal for the new Trade Act, which stipulated that shops would be able to operate on only sixteen Sundays each calendar year, will not be voted on until January the 1st, 2022 reports Jutarnji list.

The draft passed a public consultation that began back on July the 3rd and closed on August the 1st this year. However, the final text of the new amended law which delved into the Croatian Sunday work ban issue is not yet in the government procedure, and the constitutional break in the work of the parliament, which is expected to pass it, begins only on December the 15th, which means that any decision on the controversial Croatian Sunday work ban will be postponed until further notice.

The competent Ministry says that "comments and proposals that have arrived in large numbers are still being considered and analysed, and that consultations are underway with all stakeholders involved in this process."

In addition to the proposed Croatian Sunday work ban, another perhaps quite surprising item appeared in the Draft Bill on Amendments to the Trade Act - a ban on shops being open after 09:00 in the evening entirely.

“The provision of Article 2 of this Bill proposes to amend the Trade Act in Article 57 so that the working hours of retail outlets are determined by the retailer from Monday to Saturday starting from 06:00 to 21:00, and when it comes to retail outlets, on Sundays and holidays they will be mostly closed,'' the draft reads.

For more, make sure to check out our dedicated politics section.

Sunday, 17 October 2021

Croatian State Owned Companies to be Managed by New Institution

October the 17th, 2021 - A brand new institution is set to manage Croatian state owned companies as the country edges ever closer to Eurozone accession, and the response is likely to be a very mixed bag.

As Poslovni Dnevnik/Marija Brnic writes, the establishment of a new body for the management of state property, more precisely Croatian state owned companies, is currently being prepared. This is the result of the commitments that Zagreb has accepted within the process of introducing the euro as Croatia's official currency, in order to raise the efficiency and improve the quality and operations of Croatian state owned companies.

Last week, the government appointed a steering committee to work on an Action Plan for this task, and the competent Ministry of State Property, headed by Darko Horvat, has taken its first step - launching a public debate on a preliminary assessment of the new Law on Legal Entities owned by the Republic of Croatia, which intends to bring order to corporate governance policy.

The basis will be the guidelines given to the government this summer by the OECD, which proposes the establishment of a coordination body that will monitor the activities and results of all Croatian state owned companies, meaning the placing of all enterprises under state ownership across Croatia under one ''cap'' for monitoring and management.

This new body, according to the OECD, would be of the agency type directly accountable to the government or possibly located in a ministry, provided that it isn't in charge of enacting regulations.

It sounds like a mere formality and a new accumulation of administration, which the public will hardly welcome, especially if we remember the numerous transformations that the state-owned company management system has undergone in Croatia already, from the Privatisation Fund, the State Property Management Agency to the Centre for Restructuring and Sales. and now here's a special ministry in charge of state property.

However, the OECD claims that the introduction of such a specialised body is very necessary, because the existing system, although improved in the meantime, is still not up to par in any way, shape or form. That is likely not a shock to anyone who has had dealings with one of these companies.

In short, their analysis of Croatian state owned companies and the entire corporate sector identified a number of ambiguities and shortcomings that this new “unit” will seek to address, from regulatory inconsistencies to insufficiently defined ownership policy objectives in terms of financial and non-financial expectations, and incoordination and poor communication between ministries.

The new agency should not only gain a range of powers in overseeing management standards, monitoring performance and publishing public reports of these Croatian state owned companies, but also take on an important role in appointing supervisory boards.

More specifically, it would propose candidates, which, according to the OECD's estimates, would allow for greater expertise and a shift away from politics, which is desperately needed in Croatia. There is also the possibility that the new agency will get direct ownership in state owned companies, first for a small part of the portfolio, and gradually for the entire thing.

For more, make sure to check out our politics section.

Sunday, 3 October 2021

Details of New Croatian Maternity and Paternity Law Proposals

October the 3rd, 2021 - The new law proposal we recently wrote about, which would guarantee new mothers full wage payments for the duration of Croatian maternity leave, as well as paternity leave for new fathers, has had more details revealed.

As Poslovni Dnevnik writes, a woman's full salary will be paid during the entire duration of Croatian maternity leave, and paternity leave is also now being introduced - the news is that, as Vecernji list unofficially finds out, the announcing of a proposal for a new Maternity and Parental Benefits Act.

Parental benefit during the six months of leave following the birth of a child currently amounts to a maximum of 5,654.20 kuna, and in the future it should be equated with the full salary of an employed or self-employed parent who uses that leave. An interesting new part of these rules is obligatory paternity leave, which the father will use together with the mother immediately after the birth of their child. It is a matter of harmonisation with the European Union directive governing the matter.

-''The implementation of Directive 2019/1158 of the European Parliament and of the Council of 20 June 2019 on the work-life balance of parents and carers and repealing Council Directive 2010/18/EU introduces a completely new law that didn't previously exist in the Croatian legal system, and that is paternity leave. Paternity leave will allow employed and self-employed fathers to use at least ten working days on the occasion of the birth of their child with the aim of encouraging fathers to use their parental leave. The proposal that the compensation paid out during paternity leave be in the amount of full salary is being considered,'' they confirmed from the Central State Office for Demography and Youth.

Namely, this office is responsible for regulating cash benefits during Croatian maternity leave.

''In addition, certain issues related to the difficulties in the application of the current law, as well as the possibilities of improving the area of ​​parental leave, are all being reviewed,'' they continued in their statement from the Central State Office for Demography and Youth. They didn't specifically respond to any inquiries regarding the amount of parental benefit being discussed, but they did say that these legal changes should come into force in the third quarter of 2022.

Compulsory paternity leave should, in accordance with the aforementioned European Union directive, be introduced by the 2nd of August next year at the very latest. Yesterday, Prime Minister Andrej Plenkovic confirmed that he would move in the direction of delimiting Croatian maternity leave benefits. The view is that this is a very good demographic measure that can encourage families and young people to decide to have more children.

For more, make sure to check out our dedicated lifestyle section.

Friday, 1 October 2021

President Zoran Milanovic Slates Former Zagreb Government

October the 1st, 2021 - Zoran Milanovic is known for not mincing his words and speaking his mind. The president, who is also a former prime minister, has become somewhat famous (or infamous, it depends how you view it) for his creative insults and wars of words with PM Andrej Plenkovic. He has now spoken frankly about his beliefs about the former local Zagreb government, and the poor management which caused the dire issues the city is facing today.

As Poslovni Dnevnik writes, Croatian President Zoran Milanovic said on Wednesday that, as far as reconstruction after the devastating earthquake of March 2020 in Zagreb is concerned, we're now "simply going into the red''. This was his picturesque warning of the fact that the financial situation in the Croatian capital city is not good because the previous Zagreb government led it into this ''abyss''.

"If we're talking about the reconstruction of Zagreb, we're now quite simply going into the red. The financial situation in the City of Zagreb, as far as I hear, isn't good, not because of this government, but because of the previous Zagreb government,'' said Milanovic, clearly pointing fingers at the former mayor, Milan Bandic, who was one of the most controversial Croatian politicians of our time, even by this country's rather impressive standards.

Mired in corruption accusations and alleged wrongdoing, Bandic (often affectionately referred to as Bandit) died suddenly and prematurely from a massive heart attack earlier this year, with many calling him the greatest Croatian politician of all, simply because he died without ever having been charged.

Asked about the reconstruction of Zagreb after the earthquake, he told reporters at the "Big Plans Day/Dan velikih planova" conference that it was financially important in Zagreb for Prime Minister Andrej Plenković to start paying some actual attention to it.

"There's no room for trade and agreements. The city cannot borrow beyond a certain point, and the previous Zagreb government brought it into this abyss of a situation it's now in,'' concluded the president.

For more, make sure to check our our dedicated politics section.

Saturday, 4 September 2021

Where are Milan Bandic's Former Associates 6 Months After His Death?

September the 4th, 2021 - Former Zagreb Mayor Milan Bandic, a deeply controversial figure even for Croatian politics, has been dead for six months now. The longtime mayor died suddenly and prematurely from a massive heart attack in the spring, and despite jokes that he'd still somehow run for mayor from beyond the grave, the capital has a new government headed by Mozemo! (We Can!) leader Tomislav Tomasevic. Six months after his death, where are Bandic's former associates?

As Poslovni Dnevnik writes, the people who once decided on the fate of the City of Zagreb for years, apparently untouchable, are now mostly retired from politics, some are engaged in kinesiology, some in security, and some in consulting, RTL reported.

Mirka Jozic is no longer in a leading position within the city administration, she's now a business advisor. If you need help with finances, the environment, and utilities, this former close associate of Milan Bandic can give you advice. She left and founded her company a month ago and paid herself her very first salary.

"Well, it's not a bad feeling to pay yourself your own salary, I mean, I used to work in the private sector, then in the public sector and now again in the private sector as an independent person. It's all fun in its own way,'' said Mirka Jozic.

She once had three thousand colleagues, and now she has none.

"My old colleagues and friends are still my friends, I don't miss my old job and I think it's time for a change and it will come in handy," added Jozic.

He once commanded the situation during earthquakes, floods, fires, and he was known for his colourful use of language. He was the head of the Emergency Management Office for 13 years, an office he himself set up, but Pavle Kalinic now has a new job. He works in a security company where he is the director of corporate security and development.

In perhaps the saddest alteration, Zagreb's much loved ''first dog'' also unfortunately died after having had a tumour.

With the arrival of the new Zagreb government, eleven people left the chairs they had grown so comfortable sitting in, some too comfortable. Nine of them resigned at the request of the new mayor, Tomislav Tomasevic, and some of them, including Milana Vuković Runjic and Sanja Jerkovic, are now assistant heads.

Andrea Sulentic, the former head of the Mayor's Professional Service, is suspected of rigging the competition for the director of the Srebrnjak Hospital. When she isn't in the company of prison officers, she works in the regional office of the local self-government.

Miro Laco, who is accused of wrongdoing alongside Milan Bandic in the now somewhat infamous Agram affair, and Ivica Lovric, the former head of education, are now special advisers to the new mayor.

Apart from the head, many other people who once gathered around the late Milan Bandic will not welcome the autumn at their old jobs. The former head of Zagreb Holding, Ana Stojic Deban, got tired because the pace of the late mayor was difficult to follow.

"His day lasted over 20 hours, he had over 20 commitments a day."

In a telephone conversation, she said that she is taking a break entirely until end of October, and then she'll go into the private sector and withdraw entirely from public life. Slavko Kojic - Milan Bandic's former head of finance and a friend with whom he worked for 35 years, doesn't have those same plans.

"It's dynamic for me because I'm versatile, I played sports and music. I'm active in Bandic's party, I'm a business director and I'm there almost every day and I know everything that is happening,'' said Kojic.

After the election, Jelena Pavicic Vukicevic also withdrew from the political scene and announced that she would continue her career as an assistant professor at the Faculty of Kinesiology in Zagreb.

As Milan Bandic's time at the helm of Zagreb drew to a sudden close with the ending of his life, he took the many controversies and undoubtedly many secrets with him. As ''his people'' gradually disperse, a new era for the Croatian capital is upon us - for better or for worse.

For more, follow our dedicated politics section.

Tuesday, 31 August 2021

Tomislav Tomasevic Seeking Millions in Damages from Bandic's Affairs

August the 31st, 2021 - The new Zagreb Mayor Tomislav Tomasevic and his city administration is seeking millions in damages from the late Zagreb Mayor Milan Bandic's many alleged affairs and scandals.

As Poslovni Dnevnik writes, Tomislav Tomasevic and his government are looking for the money extracted during the time of former mayor Milan Bandic in alleged scandals, most of which are well known to the public, reports Jutarnji list.

The closest associates of the late Mayor Milan Bandic in Zagreb's city administration, as well as the owners of companies that benefited from doing ''illegal business'' with the City of Zagreb are being watched very closely by the new Zagreb government led by Tomislav Tomasevic, who is asking for a return of a little more than 227 million kuna in what he claims is looted money.

The office of Zagreb Mayor Tomislav Tomasevic confirmed to Jutarnji list that the new city administration, on behalf of the City of Zagreb, has submitted property claims in all proceedings in which, according to USKOK (Croatian State Prosecutor's Office for the Suppression of Organised Crime and Corruption) indictments, the capital city was financially damaged.

When submitting the request for the return of the money, Tomasevic's administration allegedly adhered to those USKOK indictments that the court has confirmed so far, this incluces the owners of companies that benefited from said illegal activities, as well as some court experts and lawyers who participated in the conclusion of those criminal cases.

"It's our responsibility to ask for the stolen city money to be given back to the city treasury because it's the money of our citizens,'' the Zagreb mayor's office confirmed.

Although all the indictments on which the current city government bases its property and legal claims were confirmed during Bandic's lifetime, the former city administration failed to submit any requests for the return of the apparently stolen money.

Namely, it was difficult and rather illogical to expect that Milan Bandic himself and his closest associates from Zagreb's city administration would file any demands for the return of the stolen money against themselves.

Many of these people are still employees of the city administration, although they are no longer in the positions they held back during the controversial Bandic's time.

For more, follow our dedicated politics section.

Wednesday, 28 July 2021

Edward Bernays Offering Education for All Croatian Politicians

July the 28th, 2021 - Edward Bernays is offering education for all Croatian politicians in an attempt to recognise the need for education in modern democracies and to try to restore at least some public faith in politicians.

As Poslovni Dnevnik/Darko Bicak writes, a proper education is one of the fundamental pillars of a modern democratic society and a condition for its economic and social development. Over recent years, there has been a growing awareness of the need for lifelong learning in all segments of society, including in politics.

Recent political elections have shown that it is becoming increasingly important to voters who exactly the candidates are, what qualities they possess, what their life and professional path is, what they stand for, and less and less which party they belong to, which is a big change for Croatia.

New options appear on the scene and sometimes voters go with them in an attempt to break out of the normal political routines in Croatia. However, even with the true good will to do something positive, they lack knowledge about the functioning of the political system, the ways of making decisions, management in politics, and the proper ways of communicating with target audiences. Therefore, they disappear very quickly and we're constantly looking for something and someone new.

This was the reason why Edward Bernays University College in Zagreb decided to create an interdisciplinary lifelong learning programme that offers Croatian politicians and those in that world all of the knowledge necessary for political action in one place.

As explained by doc. dr. sc. Damir Jugo, Dean of Edward Bernays University College, the Political Academy programme is intended for politically active or engaged individuals at all levels of national, local and regional policy who have the desire and need to upgrade their political competencies, knowledge, skills and experience in the programme.

"We expect interest among mayors, prefects, heads of local government units, members of parliament, presidents of city councils and districts, but also all other actors in political life in Croatia. I believe that people will also welcome this kind of investment from Croatian politicians in their personal and professional development, which, as a universal education of this type, is a novelty on the market.

We mustn't neglect the arrival of new generations of Croatian politicians who to some extent have no real concrete political experience, but have the desire and energy that they would like to politically capitalise on - such a programme gives them the opportunity to fill that gap,'' said Jugo.

He added that during the development of the programme, they were guided by the fact that it enables participants to acquire the necessary knowledge to take quality political action in one place. It can all be adapted to the Croatian political environment, be practical and applicable in political activities, to be inclusive and open to all participants and their political preferences and party colours, and participants can be guided through the programme by lecturers who, in addition to theoretical knowledge, also have practical experience gained in managing political processes, advising political actors or analysing the Croatian and international political scene.

At Bernays, they emphasise that the key feature of the programme, ie its lecturers, is that they come from different political scenes, which gives the programme additional breadth, and enables Croatian politicians partaking to acquire all of the practical knowledge they might need from lecturers from different political spectrums.

Such a license to engage in public affairs is mandatory in many countries around the world, and the most famous is the Ecole National d'Administration (ENA), whose students are responsible for implementing public policies in France.

Jugo explains that such a practice is not only recognised in France, but, globally, and across many developed countries.

"I think that current trends are heading in that direction, but I must point out that specific policy areas have already recognised the importance of the specialised education of new staff, so there are, for example, the Diplomatic Academy and the School of Public Administration. But I believe that the need for comprehensive education for political action will emerge over time, and I'm convinced that all parties on the political spectrum could agree on that.

In the case of Bernays' Political Academy, it isn't a license, but an informal interdisciplinary programme of lifelong learning, upon the completion of which participants obtain a certificate,'' explained Jugo.

As part of the programme from this Political Academy, all relevant topics related to political action will be addressed, including the topic of transparency in political action.

"Transparency in decision-making and planning, financial transparency, digitalisation, all these are the topics of the module which aims to educate students about the knowledge and skills they will be able to act upon. If the system or person is transparent, the chances of conflict of interest and corruption are minimal,'' said Jugo when asked how they intend to educate public officials and Croatian politicians about the biggest problem on the Croatian political scene in the past 30 years - corruption and conflict of interest.

The programme lasts 120 hours and is implemented through 10 modules over a period of three months. The training covers: political management, political process management, strategic leadership, image management and personal branding, advanced communication skills, public appearances, communication with the media and media appearances, diplomatic protocol and political behaviour, and the organisation and proper management of political campaigns.

Bernays emphasises that the biggest advantage of the Political Academy programme is that the lecturers all have very rich political experience, and at the same time they come from different political options, which gives the programme more breadth and additional quality. Jugo is convinced that the Bernays' Political Academy will contribute to improving the quality of political activity in Croatia, and that in the future a new generation of individuals will restore confidence in politics and Croatian politicians themselves.

For more, follow our politics section.

Tuesday, 27 July 2021

Transparent Samobor Provides Automated Display of Payments, Contracts

July the 27th, 2021 - Transparency isn't something the Croatian authorities are all that used to. With corruption apparently being tackled with a wave of new mayors and local government units doing things differently, one continental Croatian town is going a step further. Meet transparent Samobor.

As Poslovni Dnevnik/Lucija Spiljak writes, in July, Samobor became the only city in all of Croatia to boast an automated display of all of the payments, invoices, contracts and purchase orders made by Samobor's administration in one place, thanks to the digital service iTransparency made by the Zagreb IT and consulting company Libusoft Cicom.

This digital service enables the creation of a transparent Samobor, the publication of timely, accessible, accurate and credible information on the implementation of budget items, which, among other things, prevents irresponsible actions and misuse of public funds, while local government units are encouraged to publish and explain their own budget documentation.

At the same time, the general level of information available to people, the media, entrepreneurs and even investors about local strategies and actions and their results has been raised, and it's all available in just a few clicks on the following website: https://transparentno.samobor.otvorenigrad.hr/isplate.

The director of the company responsible for the development of the newly transparent Samobor's service, Marko Ignjatovic, explained just how the system works and what it means for this city.

“Samobor is currently being provided with insight into payments made out to both individuals and legal entities, as well as incoming invoices, contracts and purchase orders, which will provide people with an accurate insight into all operations. On top of that, further improvements in functionality are being made to make new search and filtering capabilities available; according to time and the desired classification.

The possibility of corruption is definitely now reduced to a minimum and from our experience so far, we can say that the first results are visible very quickly. Unlike some competing solutions, our iTransparency system simply connects to other systems, and all of the data comes in automatically. In this way, additional costs and the possibility of mistakes are avoided, and business itself is facilitated,'' stated Ignjatovic.

The value of the project ranges from 20 to 30,000 kuna. and the company's team gradually developed and upgraded it over the years, while the introduction of the system in Samobor was worked on intensively for two weeks.

The iTransparency service is just one of the nine functionalities of the company within the LC Platform Open that can be implemented in the business of counties, cities and municipalities.

"So far, about 20 cities and about 10 municipalities have joined the project, and some more are currently in the process of being introduced. Digitisation and transparency are no longer a matter of choice but a legal obligation. As a direct consequence of the introduction of digitalisation and transparency, JLP (R) S is becoming more open to people, it's becoming easier and faster to communicate digitally, we can facilitate business insight, and it allows for more efficient budget management and the optimisation of investments,'' said the director.

Most of their team, out of a total of 140 experts, are based in Zagreb, but in order to be more easily accessible to many users, some are located in four business centres in Dalmatia, Primorje, Istria and even further east in Slavonia.

So far, they have achieved successful cooperation with more than 1,200 users, which include budget users, utility companies, residential building managers, companies and non-profit organisations, meaning that the newly transparent Samobor is one client in a long line for this successful Croatian enterprise.

“Thanks to 29 years of experience and numerous references, we've become leaders in the segment of software solutions intended for local and regional self-government units. We're proud to be able to stand out in the field of customer support, consulting services, online education and consulting, system and technical support, design and implementation, etc. Thanks to this transformation of business and comprehensive service, in addition to being an IT company here on the Croatian market, we've also profiled ourselves as a successful consulting company,'' stated Ignjatovic.

For more, follow our politics section.

Friday, 9 July 2021

Croatian Political Stability Main Condition for Foreign Investment

July the 9th, 2021 - Croatian political stability is key to sending out the message to the world that it is safe and worthwhile to invest in the country, as small countries like Croatia have little other choice in such a big proverbial pond.

As Poslovni Dnevnik/Vecernji list writes, inventions and innovations should be strongly encouraged in all sectors, and it is naturally necessary to accelerate the digitalisation of industry and the state at all levels, initiate rapid and effective public administration reform, reduce bureaucratisation, state apparatus costs and corruption, and shape a long-term strategy.

All of the above, and basing it firmly on activities related to blossoming sectors in Croatia such as robotics, biotechnology, artificial intelligence and applied cognitive science, is one of the conclusions of the recently held and fourth Rings of the Business Forum Zagreb 2021, where the Ring (Prsten) Association of Croats of Bosnia and Herzegovina discussed how to quickly and efficiently adapt and continue doing business in coexistence with the ongoing coronavirus pandemic.

Pavo Zubak, president of the Ring, which brings together more than 230 businesses operating across Croatia with about 11,000 employees and generating 5.5 percent of Croatia's GDP, said they were acting affirmatively, looking to the future, and trying to build partnerships with representatives of the executive branch and harbour a relationship full of trust.

"Behind us is a difficult and challenging period, and before us lie new challenges and opportunities that we can and must take advantage of. Therefore, it's important to communicate openly in order to jointly prepare projects that can mostly be co-financed from European Union (EU) funds,'' Zuban stressed, emphasising the importance of Croatian political stability for further economic progress.

Prime Minister Andrej Plenkovic (HDZ), the patron of the forum, said that Croatian political stability was the goal of the Government because it was the first indicator that investments could be safely made here.

On the topic of this year's Ring Forum Opportunities and threats facing the Croatian economy in the post-pandemic period, the Minister of Economy and Sustainable Development Tomislav Coric said that there are many challenges that we must overcome. One of them is the absorption of more than 200 billion kuna in various financial envelopes, available over the next ten years.

For more, follow our dedicated politics and business sections.

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