- CNTV English - CCTV News

Croatia ruling party vows investment, no new taxes

09-28-2011 14:13 BJT

ZAGREB - Croatia's ruling conservativj HDZ party vowed on Tuesday to boost investment and jobs and keep a lid on spending and taxes if it wins the Dec 4 parliamentary election.

Croatia's Prime Minister Jadranka Kosor kicks off the ruling centre-right HDZ party's
campaign for the upcoming December parliamentary elections in Zagreb Sept 27, 2011.

The HDZ, which has been in power for the past eight years, is trailing a centre-left opposition coalition in opinion polls in the former Yugoslav republic which concluded EU membership talks this year.

The latest survey, published on Monday night, gave the HDZ some 20 percent of the vote, compared to 37 percent for the Alliance for Change, led by the Social Democrats. But Prime Minister Jadranka Kosor said she was convinced the HDZ would win a third four-year mandate.

"There will be no new taxes. We want to position Croatia as an investment destination. We will show fiscal responsibility and halve the deficit by the end of 2013," Kosor told a news conference.

This year's budget deficit was set at 4.9 percent of gross domestic product.

Kosor pledged new investment in tourism, infrastructure and energy projects - almost identical to the opposition's plans, presented in early September.

"What we don't want is new taxes, pension cuts, corruption, liquidity problems. Also, we will not privatise our natural resources," she said.

The centre-left opposition wants to ease the tax burden on labour, but wants to compensate by introducing taxes on property and capital.

Croatia, which completed EU entry talks in June and hopes to join the block in July 2013, suffered two recession years in a row. This year, most analysts forecast one percent growth at best.

Croatia's growth before the crisis relied mostly on summer tourism, state investments and consumer spending, but analysts say the country must now turn to boosting production and exports, both of which have stagnated since the country gained independence from Yugoslavia in 1991.


Editor:Yang Jie |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program