DistantNews
Support us
German firm Rheinmetall eyes further Croatian investments, minister says

German firm Rheinmetall eyes further Croatian investments, minister says

From Večernji List · () Croatian

Translated from Croatian, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • German company Rheinmetall has shown interest in further investments in Croatia beyond its acquisition of DOK-ING.
  • Minister Ante Šušnjar stated that Rheinmetall has expressed interest in other Croatian companies, but details remain confidential.
  • The government is monitoring energy prices and will intervene if necessary, while also addressing concerns about inflation and public sector wage growth.

German industrial giant Rheinmetall is reportedly exploring further investment opportunities in Croatia, signaling potential expansion beyond its recent acquisition of local defense technology firm DOK-ING. Croatian Economy Minister Ante Šušnjar confirmed that Rheinmetall has expressed interest in other Croatian companies, though he declined to provide specifics due to the sensitive nature of such business dealings.

"These are sensitive procedures. I would not, as a public official, reveal business secrets. Especially as a lawyer who has been a lawyer for 20 years. Discretion is my middle name, so I cannot speak about these matters," Šušnjar stated, emphasizing the need for confidentiality. He expressed confidence that Rheinmetall's initial investment in DOK-ING, which has developed significant innovations in niche global industries, will lead to increased revenues and job creation.

Šušnjar also addressed concerns regarding rising energy prices, particularly in light of recent escalations in the Middle East. He assured that the government is closely monitoring market trends and is prepared to intervene if necessary, maintaining a balanced approach to satisfy budget needs, citizens, and the economy. While acknowledging global oil and diesel price increases, he noted that drastic fuel price hikes are not immediately expected due to a fifteen-day average calculation.

Regarding potential measures for gas prices in the fall, Šušnjar indicated that decisions would depend on prevailing circumstances, with a priority on supply security, energy availability, and protection for citizens and businesses. He also dismissed claims that cumulative inflation has reached 45% for most families, calling for detailed expert explanations and emphasizing the importance of considering disposable income growth alongside price increases. Šušnjar further refuted the notion that public sector wage growth is a primary driver of inflation, suggesting it is a selective interpretation of statistics and that the private sector began increasing wages earlier.

Mi uvijek interveniramo. Tu smo da nađemo jedan optimalan, uravnotežen pristup koji će zadovoljiti potrebe proračuna, ali i potrebe našeg stanovništva i gospodarstva.

— Ante ŠušnjarMinister of Economy Ante Šušnjar on the government's approach to intervening in energy markets.
DistantNews Editorial

Originally published by Večernji List in Croatian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.