Finance Minister Marko Primorac, at a meeting with Slovenian Finance Minister Klemen Boštjančič and Austrian Magnus Brunner in Graz, exchanged opinions on the future of the Capital Market Union and national tax measures that encourage the development of the capital market.
The Capital Markets Union is key to mobilizing the private investments needed to finance the green and digital transition and other EU priorities, including strengthening the Union's competitiveness. In Croatia, tax policy measures contribute to the development of the capital market by encouraging the participation of small investors, whereby interest income and income from capital gains from investments issued by the state and local and regional self-government units are exempt from income tax.
The ministers also referred to the financing of the countries of the Western Balkans through the new EU Instrument for Reforms and Growth for the Western Balkans and the upcoming elections for the European Parliament. On this occasion, a joint statement of the three ministers was prepared, which will be publicly announced. Also, the ministers sent a joint letter to the European Commission Commissioner for Financial Stability, Financial Services and the Capital Markets Union, Mairead McGuinness, in which they highlighted the main priorities for further work on completing the Capital Markets Union.
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