Introduction - FiFo Ost

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Introduction Introduction deal being the sale of Hrvatske Telekomunikacije to Deutsche Telekom in 1999. With the improvement of the general economic climate in Croatia and the return of stability to the region, greenfield investments are expected to pick up in the future. In 2000, the government has unveiled strategies for the re-organisation and eventual privatisation of the state oil and gas concern, INA, and the electricity utility, HEP. (See Investment climate below.) Consolidation of the Croatian financial sector has made important progress in the last few years. Bankruptcy procedures have been initiated against 12 banks and four savings banks. In addition, banking consolidation has been taking place through mergers and acquisitions. There is now foreign participation in seven banks, six of which are Croatia's largest banks, which has increased liquidity and significantly increased competition on the market. An inflow of foreign players into the insurance market has intensified competition in this sector as well. (See Financial sector below.) International relations The new government has succeeded in normalising Croatia's foreign relations and ending the country's international isolation. The EU and the United States have welcomed the constructive foreign policy adopted by the new government and its enhanced co-operation with the International Tribunal on War Crimes in Former Yugoslavia at The Hague. With progress 2 Croatia Investment Profile in implementing reconstruction programmes, Croatia has been able to proceed with its commitment to the right of return of all refugees and displaced persons and the protection of their rights. Therefore, the return of the Croatian Serbs, who had left Croatia in the wartime 1991-95 period, has been accelerated. In May, Croatia joined NATO's Partnership for Peace Programme and in November it was received into the WTO. Discussions with the EU on a Stabilisation and Association Agreement (SAA) opened in November 2000. The SAA is intended to form a precursor to beginning full negotiations on EU accession, and gives Croatia an opportunity to determine its readiness for membership and allows the Union to identify areas where assistance can be provided. Croatia is expected to finalise negotiations by the summer of 2001. The most difficult area for negotiations will be trade liberalisation, as the two sides must agree on a timeframe by which, they will remove barriers to imported products. Also in November, Croatia co-hosted an EU summit on south-eastern Europe in Zagreb. Croatia is also a member of the Stability Pact for South-Eastern Europe. The Pact supports countries of the region including Croatia in their efforts to foster peace, democracy, respect for human rights and economic prosperity. Croatia is also to benefit from projects, mainly in the infrastructure sector, that are funded by international financial institutions under the umbrella of the Stability Pact.
Italy Italy Rovinj Pula Slovenia Trieste Opatija Labin This map has been prepared exclusively for the convenience of readers. The denominations used and the boundaries shown on this map do not imply any judgement on the legal status of any territory or any endorsement of such boundaries. 4827 IP01 Croatia map RIJEKA Ljubljana Crikvenica ADRIATIC SEA Senj Otoc v ac ZADAR Varaz v din Knin S v IBENIK C v akovec R . S a v a R . C e t i n a SPLIT Makarska R . D r a v a DUBROVNIK Sarajevo Introduction Samobor ZAGREB Ivanic Grad Podravska Daruvar Slatina Beli Manastir OSIJEK KARLOVAC Sisak Pakrac Nas Vukovar Slavonski Brod Bosanski Novi v Donji Miholjac ice Bac v Bjelovar Virovitica ✈ Velika Gorica Ogulin Glina Poz ka Palanka v ega Nova Gradis v Kutina Novska ka Z v Vinkovci upanja Gospic to Graz Grac v ac Koprivnica Sinj to Budapest Bosnia and Herzegovina Ploc v e to Banja Luka to Pécs to Sa rajev o Hungary Scale km 0 10 20 30 40 50 to Be lgrad e FR Yugoslavia Croatia Investment Profile 3
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Introduction - FiFo Ost

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