Predstavljanje_nove_Vlade_RH_sabor.jpg
Photograph: hr.wikipedia.org

The Croatian government on Thursday discussed its response to an interpellation by which the strongest opposition Social Democratic Party (SDP) had proposed that parliament oblige the government to raise an objection to the jurisdiction of the Washington-based International Centre for Settlement of Investment Disputes (ICSID) in a case which commercial banks in Croatia might bring against the government over the conversion of Swiss franc-denominated loans and to launch a procedure to exit bilateral agreements on mutual investment protection which had been signed with EU member states before Croatia joined the bloc.

Finance Minister Zdravko Maric said he had no knowledge of any of the banks taking legal action against Croatia.

The government says in its opinion that the interpellation is unnecessary and the conclusions proposed in it inconsistent and unjustified.

In a section on the SDP's proposal that bilateral agreements on investment protection with EU member states be declared null and void, the government says that this is a legal issue concerning the entire EU and a common solution is being sought that will apply to all EU member states.

As long as these agreements are in force, they are binding, and all attempts by other member states and the European Commission to declare them null and void have failed so far. A considerable portion of these agreements were concluded for a specific period of time and cannot be cancelled without the consent of the other party, the government says in its opinion.

Maric said that 11 banks had submitted reports to his ministry on the conversion of CHF-indexed loans, showing that 58,367 citizens had such loans. Of them, 93.9 percent accepted the conversion option and 84.9 percent of these loans have already  been converted. The total effect of the conversion is HRK 7.6 billion, he said.

Related stories

Latest news

EU anti-fraud office eyeing claims against Merkel challenger Schulz

Martin Schulz, the main contender against German Chancellor Angela Merkel in upcoming elections, could face a probe for advocating questionable bonuses and promotions while European Parliament president, the EU's anti-fraud office said Thursday.

EFA calls on Croatian state leadership to protect Croatian cinema

The European Film Academy, along with the 600 Croatian professionals who signed the manifesto of "We’ve Had Enough", expressed its belief in the importance of the independence of Croatian film, and in preserving the autonomy of the existing Croatian audio visual model and the continuity of current practices.

PSA chief: We want to keep Opel German

The head of French carmaker PSA Group, which last week revealed that it was in talks to buy Opel from General Motors, said that Opel should remain German if the deal goes through.

Bayern round the clock - German champions launch own TV channel

Bayern Munich fans will be able to follow goings on at the Bundesliga record champions in a new way from next week when the club launches its own television channel.

'Weather bomb' hits transport, cuts power to 56,000 homes in Ireland

Storm Doris brought winds of up to 120 kilometres per hour to large areas of Ireland and Britain on Thursday, disrupting transport links and causing power cuts to tens of thousands of homes.

Croatia's registered unemployment rate rises to 15.4% in January

The registered unemployment rate in Croatia rose from 14.8% in December 2016 to 15.4% in January 2017, increasing for the fourth month in a row, the National Bureau of Statistics (DZS) said Thursday.

Norway's telecom group Telenor to leave Indian market

Norwegian telecommunications group Telenor said Thursday it was leaving the Indian telecom market and transferring its businesses there to Bharti Airtel.

Iraq claims advance in retaking Mosul airport from Islamic State

Iraqi forces wrested back half of Mosul's airport from Islamic State Thursday, shortly after entering the facility during their ongoing campaign to drive the extremist militia from its last key stronghold in the country.

Rights group: Video shows Cambodian police beating election candidate

A video posted on YouTube shows eight Cambodian paramilitary police beating a man identified as an opposition candidate at a Phnom Penh shopping mall, a rights group said Thursday. 

Malaysia asks Interpol to issue alert for suspects in N Korean death

Malaysia on Thursday requested that Interpol issue an alert for four North Koreans suspected of involvement in last week's killing of Kim Jong Nam, the estranged half-brother of North Korean leader Kim Jong Un.

British suspect arrested in Deutsche Telekom hacking

A 29-year-old British citizen suspected of involvement in a cyberattack that left nearly 1 million Deutsche Telekom customers without services last year has been arrested, German federal police said on Thursday.

Eight killed as bomb targets restaurant in Pakistan’s Lahore

A bomb ripped through a high-end restaurant in the Pakistani city of Lahore on Thursday, killing eight people, officials said, marking another attack amid a surge in violence by Islamist militants that has ended months of fragile calm.