Protest held against privatisation of Koncar Electrical Industry

Some 300 members of the Croatian Metal Workers' Union gathered outside the government headquarters in Zagreb on Tuesday for a protest against "privatising Koncar at any cost."

The union's leader, Vedran Dragicevic, told reporters that this was the second protest rally against the government's decision to take the company off the list of companies of strategic interest for the state, which he said paved the way to its privatisation.

"We believe that this is the worst move at the moment... we will kill a cow for the sake of HRK 320 million that is not a guarantee that the country's credit rating will improve," said Dragicevic.

The protesters want Koncar Electrical Industry to be put back on the list of companies of special importance for the state, and the call for the expression of interest and submission of binding bids for the purchase of its shares, owned by the state and the Croatian Pension Insurance Institute, to be annulled.

The unionists, said Dragicevic, are not against the company's privatisation but against conducting it at any cost.

They want an in-depth analysis after which possibilities and models of selling state-owned shares would be considered, said the union leader.

Last update: Tue, 31/05/2016 - 13:59

More from Croatia

Netanyahu thanks Croatian PM for Croatia's assistance in fighting wildfires

Israeli Prime Minister Benjamin Netanyahu thanked his Croatian counterpart Andrej Plenkovic for the assistance...

FM talks controversial memorial plaque in Jasenovac

Deputy Prime Minister and Foreign Minister Davor Ivo Stier on Monday addressed comments that the government was not...

Croatia not ready to introduce dual education

Dual education or connecting the labour market with the education sector considerably reduces youth unemployment,...

Croatia records 16.6m tourist arrivals, 90.7m nights this year

In the first 11 months of 2016, 16.6 million tourists stayed in Croatia, accounting for 90.7 million nights, up 10.2...

EC urges Slovenia and Croatia to implement joint energy projects

The European Commission (EC) has recommended that Slovenia and Croatia implement joint energy projects because their...