Croatian pharmaceutical executive, Tihomir Oreskovic, was nominated by President Kolinda Grabar-Kitarovic to become prime minister, following weeks of talks after the election held on November, 8.
Croatia, once part of old socialist federal Yugoslavia, entered the European Unity in 2013. The country is facing challenges in its economic development which requires stability in the government.
The financial problems and public debts are decisively pressing the country from Brussels which is asking for more facilities for investment in the country.
Kitarovic said that "He [Oreskovic] convinced me that he has support of 78 parliamentary deputies.”
The Croatian parliament consists of 151 and Oreskovic has to win the approval for his cabinet in parliament within 30 days.
Oreskovic, 49, a pharmaceutical expert, works as a senior manager for the Israel-based Teva Pharmaceuticals.
"I'll invest all my knowledge and energy so that we can start solving the huge number of problems that we have," Oreskovic said after his designation.
On Wednesday, the conservative HDZ and the reformist "Most [Croatian for bridge]” party signed a deal after six weeks of negotiations over potential coalitions. The coalition is expected to include the Social Democrats which is outgoing of the government.
However, most of the party which consists of municipal politicians and independents insisted on a technocrat prime minister. They believe that a technocrat could be a guarantor of reformist intentions on solving the economic problems.