Croatian Telecom (HT) is the recipient of the Golden Stock award for 2010, as decided by the Zagreb Stock Exchange, the Croatian Chamber of Commerce (HGK) and partners.
The 14th annual Golden Stock and 8th annual Golden Share awards for the best stocks, investment funds and investment fund management companies on the Croatian capital market were presented at the HGK on Thursday.
The HT was also voted the best stock in the shipping trade, transport, communications and construction field.
Functional food producer Atlantic Grupa was voted the best stock in the food and medicines field.
Liburnia Riviera Hoteli was awarded as the best tourist stock, and Zagrebacka Banka as the best financial stock.
The shipping company Atlantska Plovidba was awarded as the most liquid stock.
The Golden Share awards were given to MP Mena, Allianz Portfolio, Capital One and Erste Money as the best investment funds and to Ilirika Investment as the best fund management company.
The HT stock accounted for more than one-fourth of the total turnover on the Zagreb Stock Exchange in 2010 and more than 220,000 of its shareholders have received a generous dividend, said company official Erika Kaspar.
Atlantic Grupa CEO Emil Tedeschi said Croatia's economic situation was serious and that a downgrading of the credit rating would be disastrous. He called for being serious and responsible, wishing the new government a lot of success and courage, saying the government would need to be brave and uncompromising in taking resolute steps, regardless of pressures from social groups that might lose "part of their comfort."
Croatia has the worst credit rating and debt-servicing price after Ukraine and Hungary, which shows how poor the situation is and how little room there is for mistakes, Tedeschi said, adding that the indicators on the Croatian capital market were not realistic.
