Government to Invest More in Business Zones

Total Croatia News

ZAGREB, May 23, 2019 – The government on Thursday adopted a conclusion on increasing an allocation for the development of business zones, and gave its consent for the Rijeka Port Authority to borrow 108.5 million kuna to upgrade a container terminal.

The initial business zone allocation was 76 million kuna but the acceptable project proposals that were submitted total 274.6 million kuna, so the allocation was increased by 110.7 million kuna, the state secretary at the Economy Ministry, Mario Antonić.

In cooperation with the Regional Development and EU Funds Ministry, the Economy Ministry will propose finding the remaining 87.8 million kuna necessary to fund all the applications by amending the Competitiveness and Cohesion Operational Programme, he said. If the European Commission does not approve the amendment, the money will come from the Economy Ministry.

The government also adopted a draft decision on the establishment of close cooperation between the Croatian National Bank (HNB) and the European Central Bank (ECB).

Finance Minister Zdravko Marić recalled that parliament passed a law ratifying the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, which he said was the first legal prerequisite for Croatia’s integration with the euro area.

Marić said the draft decision authorised him and the HNB governor to sign a request for the establishment of close cooperation between the HNB and the ECB, adding that it was one of the steps in the introduction of the euro.

More news about doing business in Croatia can be found in the Business section.


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