Capital market awakening
The conference „Capital market awakening“ was held in Zagreb organized by Croatian Financial Services Supervisory Agency and Hanza media and it brought together a large number of prominent figures and experts from the field of politics and economy.
Along with the President of the Governing Council of Hanfa Ante Žigman and Gojko Drljača, Hanza Media’s representative as hosts, the Agriculture Minister and Deputy Prime Minister of the Republic of Croatia Tomislav Tolušić as well as Finance Minister Zdravko Marić made an introductory speech, after which the presentation by the senior economist of the European Investment Bank, Laurent Marin, was held. The European capital market continues to recover but it is still unable to provide the necessary support to the corporate economy, estimated laurent Marin in his speech to the conference participants.
Governor of the Croatian National Bank Boris Vujčić, President of the Governing Council of Hanfa Ante Žigman, President of the Management Board of AD Plastik Group Marinko Došen, President of the Management Board of Podravka Marin Pucar, investor Nenad Bakić and the professor at the Faculty of Economics Danijela Miloš Sprčić took part in the following panel discussion.
President of the Governing Council of Hanfa Ante Žigman warned that ten hard years remain behind the domestic capital market. Along with the crisis that had lasted long and had great consequences, there is still Agrokor as the latest very heavy burden to the capital market. Žigman is convinced that the new Capital Market Act will restore the confidence of small investors in the capital market.
Participating in the interesting panel discussion, President of AD Plastik Group’s Management Board Marinko Došen emphasized that the capital interest does not sufficiently follow growth of companies, thus the growth of the AD Plastik Group. „We can list various indicators, statistics and draw conclusions why investors’ interest for companies that are doing well is weak. The key answer to why is that so lies in the general level of confidence in the capital market and the insufficient growth of the economy and industrial production,“ said the President of the Management Board of the AD Plastik Group.
This conference was an opportunity to talk about the perspective of the Croatian capital market, considering ten years during which it had not succeeded in waking up and that began already with the financial crisis, continued with the recession and with the impact of other unfavorable factors.
