Strategy Envisages €7.5 Billion of Investments in Agriculture in Next 10 Years

Total Croatia News

Updated on:

Pixabay
Pixabay

Addressing an Agriculture Ministry event dedicated to promoting farming, fisheries and forestry, the Prime Minister said that his cabinet spared no effort to help agricultural producers, the food and timber industries and the fisheries.

The government has sent to the parliament a draft strategy on agriculture, and the document, which should be adopted this year, envisages investments in agriculture of some €7.5 billion in the next decade, which should help the Croatian agricultural sector to reach the target of HRK 30 billion (€4 billion) of annual production.

During the term of this government, over a score of state aid schemes have been designed and mostly implemented, and their value is estimated at €253 million, provided from the state budget, Plenković said, recalling prompt interventions to address market disruptions caused by the coronavirus crisis and natural disasters.

In the livestock sector, nine measures and schemes are being implemented in response to problems caused by the COVID-19 crisis, and HRK 450 million has been made available as part of the government’s aid schemes, he said, adding that an HRK 163.5 million scheme is in the pipeline to help businesses affected by fodder price rises.

From 2016 to 2019, state grants amounted to HRK 11.1 billion, and in 2020, HRK 3.2 billion was disbursed as state aid, the PM said.

The Rural Development Programme has made HRK 22.8 billion available to beneficiaries, and of that amount 18 billion has been contracted, and 13.8 billion has been disbursed for investments in agriculture, the PM told the event.

The fisheries branch has been provided with HRK 2.3 billion in grants within the Operational Programme for Maritime Affairs and Fisheries, and to date more than 1.2 billion has been disbursed.

Plenković went on to say that the government has increased outlays for investments in food safety and the National Recovery and Resilience Plan envisages the provision of infrastructure for a food bank and for participants in the food donation chain. This is one of the important reforms, worth HRK 32 million, he said.

Agriculture Minister Marija Vučković said that the aim of the strategy would be to increase the output in the agricultural sector to HRK 30 billion annually until 2030.

The implementation of the strategy will require €7.5 billion, and the government plans allocations for this purpose in the amount of five billion euros until 2027 through the multiannual financial framework, the National Recovery and Resilience Plan and the state budget, she explained.

(€1 = HRK 7.5)

For more on business, follow TCN’s dedicated page. 

For more about Croatia, CLICK HERE.

 

Subscribe to our newsletter

the fields marked with * are required
Email: *
First name:
Last name:
Gender: Male Female
Country:
Birthday:
Please don't insert text in the box below!

Leave a Comment