ANALYSIS OF CROATIAN PRIVATIZATION FUND PORTFOLIO

Boris Crnkovic (), Zeljko Pozega () and Ivo Mijoc ()
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Boris Crnkovic: Faculty of Economics in Osijek
Zeljko Pozega: Faculty of Economics in Osijek
Ivo Mijoc: Faculty of Economics in Osijek

Interdisciplinary Management Research, 2010, vol. 6, 580-590

Abstract: On the way to full membership in the EU, Croatia must, as soon as possible, complete before the economic transition. An important part of this process is the completion of the privatization of state property which is privately owned , in developed market economies, exclusively due to greater efficiency and competitiveness of the economy, higher GDP, and consequently - higher living standards for all citizens. However, public attitudes toward privatization in Croatia is still very negative, primarily due to the numerous irregularities which accompanied it and the fact that there was a disproportion between the expectations created for the privatization and its pragmatically possible ranges. Today, almost 20 years since the beginning of the privatization private sector share in GDP of the Republic of Croatia is still too small, and the Croatian Privatization Fund has in its portfolio still over 800 companies. The analysis of the entire portfolio of the Croatian Privatization Fund will be made in the paper, with two goals. The first goal is to provide guidelines for further privatization steps which are necessary. Another goal is to give guidelines for the restructuring of the Croatian Privatization Fund in an institution whose primary goal will not be privatization but effective and active management of state property.

Keywords: EU Accession; Privatization; Croatian Privatization Fund; State Property; Republic of Croatia (search for similar items in EconPapers)
JEL-codes: G11 (search for similar items in EconPapers)
Date: 2010
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