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Statement by the new Finance Minister Slavko Linic in an interview in Globus that is considering selling the Croatian Postal express scripts Bank and Croatia Insurance has raised considerable dust, although the privatization of the two financial institutions "on the line" for a dozen years. Despite the emotional moment that binds with "only Croatian bank" (although in reality it is not) and national insurers, who are under the banner of the state in recent years, even decades, winding down operations and participated in many fraud, things should be put in a slightly broader context .
One side of the story that HPB burning with the need for capital, necessary for business, government, its owner, that money does not, and both financial institutions long served as a political opportunity for job-like, which to some extent changed the appointment of the last administration. Fresh money they need, and reconstruction operations. But the second moment is the government again grabbing the revenue side, while on the expenditure cuts story much shyer.
- As long as there is enormous scope for reducing costs in certain public sector enterprises, local government and local monopolies, in which I include the CM, it is very difficult to convince citizens that the sale of state property at discount express scripts prices express scripts right move - considered Lovrincevic with the Institute express scripts of Economics.
Banks are now sold at book value, the lowest so far, while four years ago sold at a price two times higher than the book. With insurance, he says, cost situation is somewhat better, but here are selling the national market, while ensuring business has the most potential in finance.
Economic analyst Ante Babic believes, however, that it is irrelevant whether express scripts the state or a private express scripts owner, but the state in the last 20 years generally express scripts showed poor control, with the exception of Koncar electrical industry.
HPB is, moreover, this change is urgent, because it will difficult without a new, long-term sources of capital to cover bad loans tails of the old administration. Its hourglass rapidly leaks and leaks you before that inflows - will lose the battle with the competition. Then his price can only be - nothing.
CO bad is conducted ten years ago, I did not see any good moves, and at the same time strengthening the global players in our market. It is developed and banking market, and HPB in previous years, especially in times of Joseph Protege, showed pure manipulation, he gambled with our money - says financial analyst Damir Novotny. Fastest fill the budget by selling stake in INA where, he says, the state has no control anyway. Strengthened to HBOR, which actually has the function of a national bank with the role of strengthening the industry to encourage employment.
ZAGIMAN
10.01.2012 at 23: 03h
disappointing data import fish, cattle, olives, even a salad, all of which can themselves produce exchange difference Weak euro and cheaper oil rising profits of exporters 15 percent coming seven cruisers River becomes the new cruising and yachting destination of the Adriatic due to the devaluation of the ruble Croatian exporters in trouble Companies reduce delivery or to ensure the currency risk The labor market in Croatia and the world Youth unemployment is critical - sized city of Zadar on the stock market!
EXCLUSIVE INTERVIEW Grabar Kitarovic: I will convene a session of the Government. If necessary, I will seek early elections and German media Deutsche Welle: 'Political sensation' in Croatia Grabar Kitarovic, "Milanovic must submit invoices why the country is in such a crisis' reactions Dish: A huge advantage in the support express scripts was so great that Josipovic's headquarters little After lull day after the election defeat Josipovic with sour smile on his face went to work
ZSE shares express scripts GREENVEST CROBEX LSE GDP CCE oil tourism Croatian National Bank and INA has a story Boris Lalovac ECOFUNDING daily overview
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