The Croatian parliament on Wednesday adopted the Government Assets Management Strategy to ensure sustainable, economic and transparent management and use of government assets over the next seven years.

The strategy sets out long-term goals and guidelines for the management of government assets while taking into account the country’s economic and development priorities.

The government plans to reduce the real estate portfolio and boost investment projects by creating rights of construction, easements, donation, lease and use.

The aim is to increase investment in state-owned properties, continue the privatisation of state-owned enterprises and improve the management of legal entities of special interest to the state.

The strategy also provides for the further reduction of the portfolio managed by the Restructuring and Sale Centre (CERP). On the last day of 2018 the portfolio included 387 companies.