Tuesday, 19 June 2018
“The next step will be to reduce public debt by activating 500 million Euros in dormant capital" “The next step will be to reduce public debt by activating 500 million Euros in dormant capital" Marko Todorov / CROPIX

“Our aim is to improve the credit rating,” Oreskovic

By  Feb 23, 2016

The Croatian Prime Minister Tihomir Oreskovic presented the strategic projects of his government and main cross-border energy and infrastructure investment projects at the Western Balkans Investment Summit of the European Bank for Reconstruction and Development (EBRD) in London on Monday.

“We will pay special attention to all activities that encourage economic growth, create jobs and a positive investment climate, and raise the standard of living of our citizens,” stressed Oreskovic said at the summit, which brought together government officials and business executives from the Western Balkans region.

Oreskovic said that his government would unveil a well-balanced budget in mid-March, with the focus on fiscal consolidation and budget deficit reduction.

“The next step will be to reduce public debt by activating 500 million Euros in dormant capital, and our aim is to improve the credit rating so as to ensure lower costs of borrowing,” commented the Croatian Prime Minster.

Among other priorities, the Croatian government will create a EUR 500 million fund for small and medium enterprises, and will concentrate on drawing of EU funding, he said. Last year Croatia drew EUR 500 million from EU funds and this year it aims to draw between EUR 900 million and 1 billion to use for infrastructure, tourism and agriculture-related projects.
Source - Hina

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