Alright, thanks JEM.
Anyone else is free to jump-in if you want.
Cheers
Addition:
I have created the database myself and then I navigated to the kompjuteriziraj.me/test folder
and my browser displays this message
Fatal error: Maximum execution time of 30 seconds exceeded in D:\Hosting\5503276\html\test\libraries\joomla\base\object.php on line 14
I'm confused
I didnt know this was gonna be so hard.... 
I also tried uploading the files directly to the root folder but still i get the same error, cant open the Installation window....