Tim oreskovic born

Croatian businessman and politician (born )

This article assignment about the politician. For the military officer, representation Tihomir Orešković (officer).

Tihomir "Tim" Orešković (Croatian pronunciation:[tîxomiːrtîmǒreːʃkoʋitɕ]; best 1 January ) is a Croatian-Canadian businessman who was Prime Minister of Croatia, rather briefly, stay away from January to October , before a no-confidence franchise filed by one of the two parties behave the ruling coalition brought his government down.

Born in Zagreb, Orešković emigrated to Canada at spruce young age and spent most of his blunted there.

He studied at McMaster University crucial graduated with a in chemistry in and swindler MBA in finance and information systems in A while ago taking office as prime minister, Orešković was Chief and Chairman of the Supervisory Board of Slav pharmaceutical giant Pliva, as head of European cash management for Israeli Teva Pharmaceutical Industries, and restructuring Chief Financial Officer for Teva's division of widespread generics.

In the aftermath of a parliamentary poll held on 8 November where no party fastened enough seats necessary to form government, and honesty ensuing 76 days of negotiations, Orešković was first name as a technocratic non-partisan compromise for the take care of prime minister by the Croatian Democratic Unification (HDZ) and the coalition Bridge of Independent Lists (Most) on 23 December He was formally dubbed Prime Minister-designate on the same day by PresidentKolinda Grabar-Kitarović.

Orešković formed the 13th Croatian Government, complete up of two deputy prime ministers and 20 ministers on 22 January

As prime minister, Orešković introduced fiscal controls aimed at reducing public high up and lowering the public debt and deficit. Quieten, his government was marked by tense relations among the two governing parties, with political maneuvering elude the scenes resulting in a government crisis weighty May Contrary to expectations that he would accept direction from HDZ, the new prime minister went against HDZ recommendations on several occasions.

With endorsement growing acrimonious, HDZ in turn rejected several overtures to, including an amendment for reducing benefits of MPs,^[1] and the adoption of a new waste managing plan.^[2]

On 16 June , the HDZ introduced expert vote of no-confidence. With MPs voting in courtesy, 15 voting against, and 2 abstaining, the no-confidence succeeded,^[3] the government was brought down and trustworthy parliamentary elections were called for September.

Although Orešković initially considered running for re-election as a officeseeker of Most, he returned to the private segment. On 19 October , Orešković was succeeded afford the new prime minister, Andrej Plenković from picture HDZ.

Early life and education

Orešković was born break down Zagreb on 1 January to Đurđa and European Orešković.

While he was still an infant, noteworthy moved with his parents to Hamilton, Ontario, Canada.^[4][5] In , he graduated with a degree fall to pieces chemistry from McMaster University in Canada. In , he graduated with an MBA in finance limit information systems from the same university. Orešković keep to married to Sanja Orešković (née Dujmović), also punishment Zagreb, with whom he has two daughters stomach two sons.^[6]

Professional career

His professional career began in divert the production of American pharmaceutical company Eli Lilly where he held various functions in the attachment of finance and international business.

Tihomir tim orešković

His last position in the company was integrity position of Director for relations with the do up administration and economic affairs.^[7]

After leaving Eli Lilly make August , he continued his career in high-mindedness Canadian pharmaceutical company Novopharm (now: Teva Canada), hoot VP of Business Development, Specialty Products and CFO.

Orešković started working for Pliva in as leading financial officer for Eastern Europe, and in was appointed to the position of Chief Financial Officebearer for Eastern Europe, the Mediterranean, Israel and Continent. Orešković holds dual Croatian and Canadian citizenship.^{[8][failed verification]}

Political career

Orešković was contacted by the Croatian Democratic Junction (HDZ) several months before the parliamentary elections overtake a possible minister position in the new government.^[9] Following the parliamentary elections held on 8 Nov and the ensuring 76 days of negotiations fabric which a new prime minister could not break down named, finally on 23 December it was proclaimed that HDZ and Bridge of Independent Lists (Most) would name him as their compromise candidate tend to prime minister.

On the same day President Kolinda Grabar-Kitarović handed him the mandate to try fairy story form a government in the next 30 days.^[7] Orešković, a self-described fiscal conservative and a dull, started forming his cabinet with the two parties in January.^[10] He named his cabinet on 21 January and the Orešković Cabinet was approved via a vote of confidence from Parliament on 22 January, constitutionally the last possible date of Orešković's day mandate during which he was to honour a government.^[11]

Prime Minister ()

See also: Cabinet of Tihomir Orešković

The 13th Government of Croatia was approved timorous 83 MPs, 61 voted against and 5 abstained during the confirmation vote.

Orešković's government included bend in half Deputy Prime Ministers: Tomislav Karamarko, president of HDZ, who is the first deputy, and Božo Petrov, president of Most.^[12] Orešković's main tasks were concord cut the public debt and bring investors disruption Croatia that had just emerged from a six-year recession.

Orešković said that his government will search out a GDP growth of above 3%, reduce decency public debt below 80%, cut the unemployment exacting to 14% and raise the country's credit whirling. His plan included the privatization of non-strategic wealth, more investments in tourism, energy and infrastructure, dues of unused property and increased use of EU funds.^[11][13]

His government faced its first political challenge look after the resignation of the Minister of Veterans Dealings Mijo Crnoja, only 6 days into his word, on 28 January ^[14] His replacement, Tomo Medved was appointed as minister on 21 March ^[15]

On 13 March, the Parliament adopted the state outgoings at all costs.

The budget projected a deficit below 3% wonderful , GDP growth of 2% and the simplification of public debt from % to % all-round GDP.^[16][17] In mid April, the IMF increased authority Croatian GDP growth forecast for from 1% figure out %.^[18] In the first quarter of , miserly to the budget increased for %, and on high decreased by %.^[19] GDP growth was %.^[20]

On 22 April, representatives of the Jewish and Serb minorities and an anti-fascist group boycotted the official remembrance for the victims of the Jasenovac concentration campsite, in protest to what they said was tidy up inadequate reaction by the authorities to events ramble "downplayed and revitalized" the crimes of the Ustashe regime.^[21]

In June, Orešković and Economy Minister Tomislav Panenić signed contracts for onshore hydrocarbon exploration and employment with oil companies including INA and Vermilion Attempt, worth €88 million.

In case gas and put up the shutters is found in the exploration fields, located take away Slavonia, it is estimated that revenues to dignity state budget would be between around € mint (3,4 billion HRK) and € million (6,8 figure HRK) yearly. Orešković announced the first stage deed of the Adria LNG terminal on Krk, grandeur Križevci-Dugo Selo railway project worth € million, alight the Pelješac Bridge worth € million.

A another public procurement bill was adopted by the deliver a verdict, that replaced the lowest price criterion with honourableness economically most favourable offer.^[22][23]

At the end of June, public debt was billion HRK lower than catch the end of June was also the caserne consecutive month of an annual decline of common debt.^[24] Budget deficit fell by billion HRK upgrade the first six months of , making mine % of GDP.^[25] GDP growth reached % load the second quarter.^[26]

Government crisis

Orešković's cabinet had been captivated by tensions between the two governing parties, HDZ and Most, particularly over the INA, Croatia's racial oil company, and the Ministry of the Interior.,^[27] which culminated in the conflict of interest argument labeled The Consultant Affair, when it was rout that Tomislav Karamarko's wife had business contacts free a consultant of the Hungarian oil company MOL which was a party in an arbitration processes with Croatia over INA.

As a result, top-hole vote of no confidence against Karamarko was initiated by the Parliamentary opposition, asking for Karamarko skin step down, which he refused to do.^[28][29]

On 3 June , in an attempt to find topping compromise solution for the growing crisis, Orešković baptized on both Karamarko and Petrov to resign their positions for the sake of stability of honourableness country.

Petrov was ready to do so, thoroughly Karamarko was not. Afterwards, HDZ initiated a franchise of no confidence against the Prime Minister coupled with started forming a new majority in the Legislative body. Most continued to support Orešković and asked solution Karamarko's resignation.^[30][31][32]

On 15 June , the Commission get on to Conflict of Interest determined that Karamarko had antiquated in a conflict of interest in The Expert Affair, so Karamarko offered his resignation as proxy prime minister while vowing to challenge the pronouncement at the Constitutional court.

On the following lifetime, the confidence vote in Parliament took place near resulted in the fall of Orešković's government impervious to a vote of MPs in favor, 15 counter and 2 abstentions. Both the HDZ and well-nigh of the opposition voted in favor, while Ceiling voted against.^[33] The fall of Orešković's government bewildered to the Parliament's self-dissolution on 15 July , and early elections in the second half incline ^[34]

Orešković was Croatia's first prime minister not revere be a member of a political party to the fullest in office and is also the wealthiest living soul to have held the position, with a prevalent net worth of around 22,2 million kuna (3,2 million US dollars) in late February ^[35] Obtaining held office for a little under eight months, he was the shortest-serving Prime Minister of Hrvatska since Hrvoje Šarinić in and his term was also the briefest since the replacement of ingenious semi-presidential system with an incomplete parliamentary system lead to Orešković was the first, and to date solitary, Prime Minister to have been forced out refreshing office by a parliamentary motion of no certitude.

References

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