EC approves Croatia's operational programme for fisheries in 2014-2020

The European Commission on Friday approved Croatia's Operational Programme for Maritime Affairs and Fisheries in 2014-2020, with a total financial allocation of 350 million euros, of which 252 million will be provided by the EU, the Ministry of Agriculture said on Friday.

This is one of the most important documents for the fisheries sector to date, covering 36 measures and the entire fisheries sector, the ministry said.

The ministry said that the aim is to absorb the maximum amount of funding and invest it in projects and activities that will help fishermen, fish farmers and the fish processing industry. It believes that these funds will also help resolve problems that haven't been addressed for years, such as fishing infrastructure (fishing ports and unloading points), the modernisation of fish farms, and the cost-effective operation of Croatian fishermen.

Last update: Fri, 06/11/2015 - 18:19

More from Business

China-owned Volvo Cars' third-quarter net profit doubles

China-owned Volvo Cars on Thursday said third-quarter net profit doubled, driven by strong sales in China and the...

HT revenues stagnate, net profit rises in first nine months

The Croatian Telekom (HT), posted a net profit of 752 million kuna in the first nine months of 2016, while its...

Samsung third-quarter earnings drop after Note7 woes

Samsung announced reduced profits for the third quarter on Thursday, as the company struggles with the aftermath of...

Croatian Postal Bank posts record net profit of HRK 147.5 mln

The Croatian Postal Bank (HPB)'s net profit in the first nine months of 2016 was 38.1% higher compared to the same...

Apple earnings down, iPhone sales decline

Apple's latest results, posted Tuesday, showed a drop in revenue and declining iPhone sales.