Croatia's state-owned heavyweights invest 710 mln euro in Jan-Sept

The figures reflect the operations of railway group HZ, water management company Hrvatske Vode, forestry company Hrvatske Sume, motorway operators HAC and HC, gas transmission system operator Plinacro, utility group HEP and oil pipeline operator Janaf but exclude the investment activities of oil and gas group INA where the Croatian state is a 44.84% shareholder.

Based on the pace of activities so far in 2012, the full-year investment spending of the eight companies will amount to over 1.3 million euro on top of investments that will be made by INA, the ministry said in a statement.

The eight companies invested a combined 1.06 billion euro in 2011.

($=0.766 euro)