Croatia has absorbed EUR 662M from EU funds YTD

Croatia has absorbed EUR 662 million (approximately 5 billion kuna) from the European Union's funds since the start of this year, and is "in the green" by 3 billion kuna (400 million euros) compared to the amount Zagreb has paid into the EU budget, according to information provided by the Regional Development and EU Funds Ministry on Friday.

The ministry notes that most of those funds have been allotted to projects in the fields of transport, environment protection, SMEs, dormitory upgrading, R&D, and cultural heritage preservation.

In the whole of 2015, the absorption of EU funds in Croatia stood at EUR 558 million, and at EUR 548 a year before.

The difference between the transfer of grants to Croatian projects and Croatia's contribution to the EU budget was small in the previous years, and this year this difference has been rising to Croatia's advantage, according to the statement in which Minister Tomislav Tolusic boasts of positive results, saying that they are owing to procedures having been simplified and a more efficient system having been established since he took office.

Last update: Fri, 26/08/2016 - 14:10


Oreskovic expects excellent data on GDP


Wednesday, August 31, 2016 - 10:43

More from Business

AT&T agrees to buy Time Warner, reports say

Telecommunications giant AT&T has agreed to buy media conglomerate Time Warner in a deal worth 80 billion...

Bombardier announces 7,500 job cuts as part of restructuring

Canadian aircraft and train manufacturer Bombardier will cut a further 7,500 jobs as part of its ongoing...

Tobacco giant BAT makes 47-billion-dollar takeover bid for US rival

British American Tobacco Plc said on Friday it has offered some 47 billion dollars to acquire 57.8 per cent of...

ECB to hold rates, decides against extending bond-buying scheme

The European Central Bank left its key interest rates at historic lows on Thursday and left its 80-billion-euro-a-...

Nissan finishes purchase of 34-per-cent stake in Mitsubishi Motors

Nissan Motor has completed its purchase of a 34-per-cent stake in scandal-plagued Mitsubishi Motors for 237 billion...