Smart Islands and Cities Initiatives Presented in Dubrovnik

ZAGREB, October 25, 2018 – A project of the Regional Development and EU Funds Ministry and the European Investment Bank, designed to help develop investment platforms for smart islands and cities, was presented in Dubrovnik on Thursday.

The agreement on this programme was signed in September and it stipulates that as of November, the European Investment Advisory Hub (EIAH) will help in the process of establishment of the first investment platforms in Croatia, designed to facilitate investments in smart cities and islands by encouraging both private and public investments.The agreement on this programme was signed in September and it stipulates that as of November, the European Investment Advisory Hub (EIAH) will help in the process of establishment of the first investment platforms in Croatia, designed to facilitate investments in smart cities and islands by encouraging both private and public investments.

One of the main partners in this programme is the Croatian Bank for Reconstruction and Development (HBOR).

Regional Development and EU Funds Minister Garbijela Žalac described the project as challenging, calling for the activation of private investments so as to make the platforms benefit the national economy.

Finance Minister Zdravko Marić said that Croatia, one of the stakeholders in the EIB, always had great expectations of various cooperation forms that so far had facilitated the implementation of projects worth 5.4 billion euro.

EIB Vice-President Vazil Hudak said that 34 investment platforms had been developed across Europe, resulting in investments worth over 40 billion euro.

Since the summer of 2018, the EIB has provided support for 41 investment platforms, including three pan-European platforms.

These platforms are expected to mobilise investments worth more than 34.8 billion euro.

For the latest business news from Croatia, follow the dedicated TCN business page. Or for more business intiatives originating from Croatia, follow the TCN Made in Croatia page, celebrating a number of the country’s young entrepreneurs.

 

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