Horvat: Hrvatske Sume board members should withdraw bonus requests

Minister of Entrepreneurship and Crafts Darko Horvat said on Tuesday that the board members of the state-owned Hrvatske Sume forest management company should withdraw their requests for bonus payments because the primary purpose of public companies was not profit making but providing services to citizens and businesses.

"The profit of all the public companies is about HRK 5.5 billion, and this ministry has provided Croatian enterprises with 2.5 billion over the last few weeks, partly through grants and partly through cheap loans. It is futile for us to provide grants for enterprises through cheap sources of financing when public companies are taking these same grants from them," Horvat said while presenting a new loan scheme for businesses, called e-Impulse.

He said that the main problem of public companies was that they did not have new investments and that their restructuring was based only on layoffs.

(EUR 1 = HRK 7.48)

Last update: Tue, 26/07/2016 - 14:53

More from Croatia

Gross premiums written by Croatian insurers rise 0.42% in 2016 - pregledati

Twenty-four insurers operating in Croatia saw a rise of 0.42% to HRK 8.76 billion in gross written premiums in 2016...

ADAC: Croatian campsites 2nd in Europe quality-wise

Croatian campsites, with an average rating of 3.6 out of 5, are second in Europe after those in the Netherlands,...

Grmoja says Bridge will vie against HDZ and other parties in local elections

The Bridge party vice president Nikola Grmoja, who is one of the founders of this political party that is a partner...

Burgenland Croats hold their 70th ball in Vienna

The 70th edition of the traditional annual Burgenland Croat ball was held in the Schoenbrunn Hotel in Vienna on...

Croatian PM to meet with HEP unions regarding INA buyout model

Prime Minister Andrej Plenkovic announced on Saturday that he would soon meet with leaders of the unions active in...