Local Press Digest

ZAGREB, May 4, 2000 (Rtr)


State-owned oil and gas utility Ina cuts diesel and heating oil prices. No change to the price of petrol, or electricity for now.

Hail threatens to destroy all crops unless the government grants 31 million kuna ($3.6 million) to combat it.

Mirko Galic, head of state television HRT, cancels 110 managerial contracts and stringer fees in a bid to cut costs.

Financial police is probing a foundation of the former ruling HDZ party, government confirms.

Foreign investors realized $228.32 million in profit in 1997-99, show tendency to reinvest an increasing share of it.

It would be bad for Croatia to experiment with the monetary policy, outgoing central bank governor Marko Skreb says.

Internal arrears fall 393 million kuna to 24.4 billion kuna in March, latest figures of the state payments bureau (ZAP) show.


Prime Minister Ivica Racan tells his SDP party central committee all allegations of fraud should be investigated and those responsible brought to task.

A Chamber of Economy study shows the Croatian industry, except pharmaceuticals, lags 15-20 years behind Europe.

Analysis: The government will privatize insurer Croatia Osiguranje, but should first estimate a likely loss on its property and other assets.

We have found no criminal activities yet in the case of daily Vecernji List privatization, says new financial police chief Stanko Vidic.


Government priorities in the next 100 days are boosting employment and the country's position in Europe, Racan says.

Hungary's Mol is still interested in a merger with Ina, waits for Croatian government response as part of its new energy strategy.

Banking: Recently overhauled Croatia Banka joins banks trimming interest rate with a two-percentage point cut.


Ivan Simonovic, legal expert and the current ambassador to the UN in New York, to take over defense of war crimes suspects in The Hague.

A new central bank policy should include a two percent inflation target and a floating exchange rate, says former central bank official Dubravko Radosevic.


Soccer: Police uses tear-gas to prevent a riot at the cup finals match in Split.

No change to the profit tax rate of 35 percent, but some incentives for reinvesting profit and new employment are planned.


By handing over intelligence documents on Bosnian Croat war crimes suspect Dario Kordic, Croatia has fulfilled the last condition for admission to NATO's Partnership for Peace.

Carla del Ponte, chief prosecutor of the Hague tribunal, says the tribunal will allow people indicted for war crimes to be tried in Croatia too.

President Stipe Mesic's administration cost: Mesic has not yet cut salaries, his advisers earn as much ministers.

We are preparing the sale of another 27 percent in telecom firm HT, not to Deutsche Telekom but on the bourse, says Deputy Prime Minister Slavko Linic.

Reinsurer Croatia Lloyd, a part of state-owned Croatia Osiguranje group, may have boosted its reserves by 153 million kuna ($18 million) in 1998 to reduce net asset value, a foreign super-audit of its business shows.

I was only implementing decisions of the state top, says Former Assistant Defense Minister Vladimir Zagorec in reply to accusations that he had abused his position of the main military logistician.

Poll: 24 percent of Zagreb residents to vote for Social Democrats, Social Liberals get 13 and People's Party 10 percent.

Dinamo needs 20 million German marks a year for a European success, say Velimir Zajec, sports director of the soccer club.

Original article