The Croatian Independent Trade Unions (NHS) have opposed the government's plan to privatise Hrvatska Postanska Banka (HPB) and insurer Croatia Osiguranje this year via sending a letter to Prime Minister Zoran Milanovic, news agency HINA reported. NHS has called for a public debate on the planned privatisations. It said that HPB, which holds some 4% share of the local banking industry, has been recapitalised, has overcome the crisis and its capital is above the minimum required. Croatia Osiguranje has as well a good market share and a stable profit. The insurer could be recapitalised through its retained profit if needed, NHS said. A day earlier, the government said it expects to collect about HRK 2bn (EUR 264mn) in privatisation revenue this year via selling HPB, Croatia Osiguranje, and some smaller state assets. |
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