Croatia: what Mate Rimac and Elon Musk have in common (na talijanskom)

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    Google prevoditelj:

    >Mate Rimac, founder of the “Rimac automobile”, is a Croatian entrepreneur who produces next generation electric “supercars”. He dreams of being the Balkan Elon Musk. Everyone, starting with the Croatian government, praises his success, but the story is far from being a fairy tale
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    >(Originally published by Le Courrier des Balkans on January 28, 2022 and translated by OBC Transeuropa)
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    >Marin Ivančić is a lawyer and journalist living in Zagreb. He is one of the few observers attentive to what happens behind the scenes of the Rimac company. We interviewed him
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    >**Q: Who is Mate Rimac?**
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    >Mate Rimac is a young entrepreneur who likes to present himself as an innovator who, starting from the family garage, managed to reach the heights of the automotive industry and is now admired by powerful people like Emmanuel Macron or Ursula Von Der Leyen. In fact, he follows in the footsteps of Zuckerberg, Gates or Musk, those so-called geniuses whose dark sides are often ignored by mainstream media.
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    >**Q: So isn’t he really a self-made man who started out of nowhere?**
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    >No. His father is Ivan Rimac, a tycoon close to the HDZ. He was sentenced to four years in prison for embezzlement in the Sibinj affair. Germany issued a warrant for his arrest for tax fraud through Interpol. He also spent a few months in pre-trial detention in Serbia.
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    >Of course, children do not have to pay the blame for their parents’ crimes. However, in the Rimac Automobil project, father and son are inseparable. The father lent money – which the son then returned to the last penny – but above all the father’s position and networks opened the doors of the highest institutions to his son, such as the State Bank for Reconstruction and Development, which granted at the then 23-year-old Rimac a soft loan.
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    >From 2014 to 2017, Ivan Rimac was formally involved in the project, including in its legal structure, where he held the position of chairman of the supervisory board. Also, as can be seen from the minutes of the Sveta Nedelja city council, where his name is mentioned, he used his connections within the HDZ to ensure that his son was quickly assigned a plot of land to building a campus.
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    >**Q: What does the Rimac company produce, whose success everyone, starting with the Croatian government, praises?**
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    >It is difficult to say what Mate Rimac actually produces due to the many contradictory statements in the media, to which he often returns saying that it has been misunderstood. However, his income, which amounts to 150-200 million kuna, is actually quite modest, even considering the relatively small context of the Croatian economy.
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    >If one compares the advertised prices of his cars with his real income, it is clear that most of his income comes from the sale of components to other companies, which makes the colossal resources that the state allocates to him absurd.
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    >Rimac’s appeal lies not in its ability to produce, but in its ability to promise, which does not fundamentally distinguish it from other large companies. In other words, Rimac lies and lies often. Its sales manager, Krešo Čorić, had announced in 2018 that all 150 Concept Two produced had been sold, which Mate Rimac later denied, explaining that it was a misunderstanding … Then he declared himself that they were 88 units were initially produced, of which ten would have been sold in 2011, but it later emerged that only 8 Concept Ones had been made. And that’s not all. In 2014, he announced the construction of the first electric yachts with a cruising range of three hours, the manufacture of a “jet ski” that floats above the water,
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    >In 2015, it announced that it had built its first driverless car and, despite having claimed to have already produced it, it received € 200 million in aid for its development. As a final example, this summer he unveiled his new car, the Nevera, and claimed it had passed all world approvals. This turned out to be wrong once again. Last October the car was still undergoing European tests, the results of which are unknown to date. There are many announcements about production and innovations, but no patents are ever filed. Mate Rimac explains it’s the patent filing process that can’t keep up …
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    >**Q: What do you think of your two most recent projects, the Nevera, one of the fastest cars in the world, and the ‘robotaxis’ which, according to Mate Rimac, should be the first autonomous vehicle in the world?**
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    >The Nevera is not a finished product because there is no homologation. In terms of development it has been largely exceeded, which would not be a problem if the state had not allocated 52 million kuna. Originally, the project was to be completed in three years, but due to the pandemic, an extra year was granted, until June 30, 2021. But in July, three weeks after the deadline, another extension was requested! With the same excuses: the homologation conditions made less simple due to the pandemic.
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    >And that’s not all. In addition to Nevera, the “robotaxi” project is equally problematic. The state has invested 200 million euros of public money in a private company, which for Croatia is a colossal, not to say record, figure. The funds actually come from the European Stability Mechanism, which aims to help EU member states cope with the economic difficulties caused by Covid-19. According to official statements from Project 3 Mobility doo, a newly established company, Mate Rimac promises to develop a level 5 electric vehicle, that is, driven by artificial intelligence and capable of driving without human intervention using cameras and sensors. The project involves the deployment of 700 vehicles that would form the taxi fleet in Zagreb. The project is literally unfeasible,
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    >**Q: Rimac is not just cars. There are also electric bicycles: Greyp Bikes. Greyp Bikes was launched in 2019 and potential buyers were offered the opportunity to invest in the company by purchasing “tokens” through the start-up Neufund, which was recently approved by the Liechtenstein regulator … Can you tell us about more on this?**
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    >It turns out that all of this is absolutely illegal. To justify what is happening to small investors, the CEO of Greyp Bikes recently explained that the European framework that regulates “tokenization” is too rigid. Neufund, the company through which the tokenization took place, then announced the closure because they weren’t sure if everything was legal …
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    >In fact, what is actually a somersault is presented as the consequence of the rigidity and slowness of the legislator … In concrete terms, Mate Rimac has freed himself from a burden that could have led to prosecutions. However, some investors feel scammed. Some of them are threatening to sue, which is quite ironic considering they are usually the ones who believed in him the most. The problem is that all of these small investors have invested in cryptocurrencies and will be repaid in euros at the value of Ethereum (ETH) at the time of the investment. Meanwhile, ETH has risen dramatically …

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    >**Q: It is also known that Bugatti is a company in crisis. Yet the Croatian media praise the prestige of the merger between Rimac, Bugatti and, in the background, Porsche. But is this the case?**
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    >As far as I know, Porsche became the majority shareholder of the Bugatti Rimac group as a result of the merger of these two loss-making companies, Bugatti and Rimac Automobile, in which Porsche already owns 24%. One can only assume that Porsche and Volkswagen have some kind of intention. Perhaps it is about restoring the brand image after the advent of electric cars and the desire of some actors to move away from fossil fuels. Perhaps they see that Prime Minister Plenković welcomes Ursula Von Der Leyen and Emmanuel Macron with Mate Rimac, that the doors to the top of the state are open for him and that he is granted state aid. Maybe they saw that he easily received 200 million euros before the merger of the two companies, or maybe they just think that Mate Rimac,
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    >**Q: Recently, you were the author of revelations about the rather strange granting of land to Mate Rimac. Initially picked up by Portal Novosti , the mainstream media have found nothing to say, except to justify what appears to be another problematic case …**
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    >To build a campus, Mate Rimac received 200,000 square meters of land, worth 82 million kuna, [approximately 10,900,000 euros] for 69 years, for 19,934.10 kunas [approximately 2650 euros] per year, i.e. less than one lipa per square meter / month. The 125,000 kuna paid for the drafting of the contract, compared with the rent, illustrates the absurdity of the situation. By way of comparison, companies close to Rimac pay 300 to 400 kuna / m². Local politicians explain these paltry amounts with a desire to see Mate Rimac invest in their municipality. This is a double victory for him, because at the same time the land serves him as a guarantee for obtaining loans from banks.
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    >**Q: The minutes of the city councils are full of goodies of all kinds, from the HDZ councilor who broadcasts Rimac’s threats to the mayor of Sveta Nedelja who recounts how, a few years ago, he spoke to Rimac about the land, before asking for the name of Rimac was deleted from the minutes …**
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    >There is no escape from the endless refrain of the “entrepreneur-job creator”. It’s a vicious circle: municipalities like Sveta Nedelja that are about to abolish local taxes, offer land and spend their resources to attract investors will push neighboring municipalities to do the same. The consequences will be devastating: on the one hand, public budgets will be devastated, cities will be in debt and infrastructure will be neglected; on the other hand, the owners of capital will benefit from financial means obtained almost free of charge under the pretext of being able to develop and create jobs. This is the same modus operandi used in tax havens. In the long run, this is unsustainable.

    Ovo objavljujem čisto da se vidi kako domaći jalnici sramote ovu zemlju i pljuju po najsvjetlijoj točki suvremene hrvatske povjesti.

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