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PM Sanader announces programme of short-term anti-recession measures

ZAGREB, Jan 23 (Hina) - Croatia is expected to have a programme of short-term anti-recession measures within the next two weeks, Prime Minister Ivo Sanader announced on Friday after a meeting of the Economic Council which discussed steps similar to those taken by European Union countries.

Measures will be proposed by the Institute of Economics, the Central Office for Development Strategy and Coordination of EU Funds, the Ministry of Economy, Labour and Entrepreneurship and the Ministry of Finance, and will be considered by the Economic Council at a meeting scheduled for two weeks from today.The Institute of Economics will also draft measures to be applied next year as experts predict that the present economic crisis will not be over this year.

Sanader said there was no need for a budget revision at the moment because "the budget situation is under control, as is the servicing of foreign debts maturing this year." "Will there be a budget revision this year? Probably yes, but it's too early to say when," he added.

Sanader said that this year's tourism results could be the same as previous years, considering the latest information on bookings, and added that representatives of the Tourism Ministry and the National Tourism Board would be invited to attend a Council meeting next Friday.

On the subject of monetary and fiscal policies, Sanader said there had been very intense contacts between the government, the Croatian National Bank and commercial banks in recent days in a bid to ensure the macroeconomic stability of the country.