Vrdoljak: Croatia should increase capacity to absorb EU funding for R&D

Economy Minister Ivan Vrdoljak said on Monday that over the next five years Croatia would have access to EUR 334 million from EU funds for research and development and should therefore increase its capacity to absorb this funding.

Vrdoljak was speaking at the start of the second national ICT summit "Digital Economy" at the University of Rijeka.

"In the next five years 334 million euros should go towards research and development in the Croatian industry and towards the development of competence and specialised knowledge, but I think that today we don't have the industrial and scientific know-how to absorb this funding," the minister said.

Vrdoljak announced that tenders to that effect would be advertised in a few weeks' time and that the public and real sectors and the scientific community should coordinate their efforts to absorb the 334 million euros as fast as possible. He said that this money also meant several thousand new jobs in the industrial sector.

Last update: Mon, 26/10/2015 - 15:49

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