EUR 506m from EU funds drawn in the first six months of this year

In the first six months of this year, Croatia drew EUR 506 million from European Union funds, as against the EUR 545 million drawn over 2015, caretaker Regional Development and EU Funds Minister Tomislav Tolusic said in Cakovec on Wednesday.

"Our goal is to draw a billion euros by the end of the year," he told reporters, adding that the caretaker government was not slowing down the absorption of EU funds but that absorption could be faster if things were "more normal".

"That won't prevent us from reaching the target amount of EUR 1 billion," he said, adding that communication with the European Commission was normal, tenders are being advertised and contracts signed.

Tolusic underlined the importance of EU funds for the Croatian economy, saying the state budget was based on them too and that grants stimulated the competitiveness of the national economy.

We must always try to draw more than we pay into the joint European coffers, he said.

Asked why incentives for energy-efficient homes were not being paid, Tolusic said that until now 80 percent of the incentives was paid from national funds, while now European funds were being used, covering 50-60% of the incentives.

"The tenders are ready, but we are negotiating so that Croatia can get a higher incentive because Ireland, for instance, has a 100% incentive," he said.

Tolusic visited Cakovec with caretaker Enterprise Minister Drko Horvat for the signing of a contract on the allocation of a HRK 8.8 million grant from EU funds for converting a former military complex into a student dorm.

(EUR 1 = HRK 7.5)

Last update: Wed, 29/06/2016 - 16:00

More from Croatia

Helsinki Committee urges govt involvement in fate of post-WWII victims

ZAGREB, Oct 26 (Hina) - The executive board of the Croatian Helsinki Committee for Human Rights (HHO) on Tuesday...

Croatia to deploy one company to Lithuania in 2018 says defence minister

Defence Minister Damir Krsticevic said in Brussels on Wednesday that Croatia would deploy one company of soldiers to...

HNB: Charges against RBA, Sberbank over irregularities in loan conversion

ZAGREB, Oct 26 (Hina) - The Croatian National Bank (HNB) on Wednesday presented the Franak association of debtors...

No decision in INA to close Sisak Refinery

MOL is not planning to supply Croatia from its refineries in Hungary and Slovakia and even Tifon, which is owned by...

Croatian PM meets EC's chief Brexit negotiator

Croatian Prime Minister Andrej Plenkovic met on Wednesday with the European Commission's chief Brexit negotiator,...