National Recovery and Resilience Plan (Subcomponent: Improving management of state assets)
COMPONENT 2 - Public Administration, Justice and State Assets
SUBCOMPONENT C2.4. IMPROVING MANAGEMENT OF STATE ASSETS
Authority implementing reform measures under Subcomponent C2.4. Improving management of state assets: Ministry of Physical Planning, Construction and State Assets
Importance of Subcomponent C2 .4. Improving management of state assets:
Subcomponent C2.4 provides for the implementation of five reform measures that will contribute to improving the management of state-owned non-financial and financial assets, according to internationally recognised good governance practices. Reform measures include specifying the ownership policy of the state regarding the definition of reasons for maintaining state ownership, further strengthening of corporate governance in legal entities of special interest to Croatia and companies with majority state ownership, and further privatization of companies that are not of special interest to the Republic of Croatia. Furthermore, reform measures are also aimed at accelerating the disposal of state-owned real property and optimising the management of state-owned real property.
Reform measures forming an integral part of Subcomponent C26.4. Improving management of state assets:
- C.2.4. R1 - Revision of the list of legal entities of special state interest
The objective of reform measure implementation: specifying ownership policy and reviewing the reasons for state ownership based on defined criteria for determining legal entities of special interest to the Republic of Croatia.
- C.2.4. R2 - Improving corporate governance in state-owned enterprises of special interest to the Republic of Croatia and companies with majority ownership of the central government
The objective of reform measure implementation: harmonising the national regulatory framework for corporate governance with best practices through implementation of OECD recommendations and creating preconditions for a more active role of the state as owner.
- C.2.4. R3 - Strengthening human capacities for monitoring corporate governance in state-owned enterprises
The objective of reform measure implementation: strengthening the capacity of ownership bodies through sub-specialised training of employees in corporate governance of state companies, in order to ensure implementation of the new regulatory framework of corporate governance, a more active role of ownership bodies and better coordination of competent departments, and strengthening the culture of corporate governance in the Republic of Croatia.
The objective of reform measure implementation: strengthening the capacity of ownership bodies through sub-specialised training of employees in corporate governance of state companies, in order to ensure implementation of the new regulatory framework of corporate governance, a more active role of ownership bodies and better coordination of competent departments, and strengthening the culture of corporate governance in the Republic of Croatia.
- C.2.4. R4 - Continuation of privatisation of state-owned enterprises
The objective of reform measure implementation: reducing the state portfolio of financial assets through privatisation of the available part of the Centre for Restructuring and Sale (CERP) portfolio and eliminating existing provisions that prevent the disposal of stock/shares of companies currently not available for sale.
The objective of reform measure implementation: reducing the state portfolio of financial assets through privatisation of the available part of the Centre for Restructuring and Sale (CERP) portfolio and eliminating existing provisions that prevent the disposal of stock/shares of companies currently not available for sale.
- C.2.4. R5 - Optimization of state-owned real property management
Management is aimed at reform measure implementation: creation of preconditions for systematic and efficient management of non-financial state assets through increasing the commercialisation of real property, portfolio reduction, investment stimulation and activation of unused real property in development projects of the Republic of Croatia.
The total estimated cost of reform measures implementation under Component C2.4. Improvement of state assets management amounts to HRK 14,500,000.00, and the implementation itself is planned for the period 2021-2026.Management is aimed at reform measure implementation: creation of preconditions for systematic and efficient management of non-financial state assets through increasing the commercialisation of real property, portfolio reduction, investment stimulation and activation of unused real property in development projects of the Republic of Croatia.