Croatian National Bank Partially Abolishes Capital Restrictions

The Croatian National Bank has partially abolished capital restrictions on investments coming from countries that have concluded the Bilateral Agreements for Promotion and Protection of Investments with the Republic of Croatia. The CNB letter stated, "Non residents from countries with

By None

The Croatian National Bank has partially abolished capital restrictions on investments coming from countries that have concluded the Bilateral Agreements for Promotion and Protection of Investments with the Republic of Croatia.

The CNB letter stated, “Non-residents from countries with which the Republic of Croatia has concluded the Bilateral Agreements for Promotion and Protection of Investments freely buys domestic securities and can sell them to residents and non-residents, without any restrictions.”

The list of all countries that have mentioned agreements with Croatia valid and in place, as per September 30th, 2004, are: Albania, Canada, Argentina, Kuwait, Austria, Hungary, Benelux Union (Belgium, Netherlands, Malta Luxembourg), Netherlands, Bosnia and Herzegovina, Germany, Bulgaria, Poland, Chile, Portugal, Denmark, Romania, Egypt, Serbia and Montenegro, Finland, Slovenia, France, Slovakia, Greece, Spain, India, Sweden, Italia, United States of America, Jordan, Turkey, Cambodia and United Kingdom.

«