FinMin announces bond issue on domestic market in early July

Finance Minister Zdravko Maric on Monday ruled out the Greek scenario for the country and announced the possibility of issuing government bonds on the domestic market before summer holidays.

Asked by the press on the margins of an international conference on investments if there was a possibility for ministers from the Croatian Democratic Union (HDZ) quota to resign and if the HDZ would file a motion of no-confidence in Prime Minister Tihomir Oreskovic, Maric said he had no comment in that context and that he did not feel to be relevant to comment on political issues of that kind.

Maric said that his cooperation with Prime Minister Oreskovic was exceptionally good.

"Since the first day (of this government's term), my cooperation with the Prime Minister has been extremely good," Maric said, adding that they had agreed on all matters concerning the economy and public finance.

Asked whether this meant that Maric did not think that Oreskovic should be replaced, the finance minister said he would not comment on any political connotations.

He reiterated that the Eurobond issue had been postponed until "we establish that circumstances on financial markets and all other factors influencing prices are sufficiently favourable."

He admitted that the ongoing political crisis affected the price of borrowing as well as the entire economy.

"I hope that all those uncertainties will be resolved as soon as possible."

Maric ruled out any Greek scenario hitting Croatia, adding that "there is a plan to make yet another bond issuance on the domestic market before the summer recess. Most probably in early July." 

Last update: Mon, 06/06/2016 - 14:26

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