ZAGREB, February 13, 2018 - Social Democrat (SDP) mayors asked the government on Tuesday to withdraw the proposed amendments to the Municipal Services Act because they put private interest above private interest.
The selling off of the last remaining state owned hotel companies is hitting more bumps in the road than previously expected.
“Lipa” Taxpayers’ Association says the most important effect of privatization will be decreased political influence.
Profit from selling the shares could be substantially lower than expected.
The Prime Minister talks about privatisation of state-owned companies and First Deputy Prime Minister Tomislav Karamarko.
Yesterday’s decision by the government that some companies might be privatised causes strong reactions in Parliament.
(photo: Croatian National Television)
Eleven years after the public-private partnership contract between the Suncani Hvar Hotels and Orco Property Group, the Luxembourg investor is definitely leaving Croatia. It was a turbulent relationship with an initiated arbitration and a pre-bankruptcy settlement due to several lawsuits on both sites. The majority owner of the Hvar company with almost 62 percent will become a Slovak investor.