Seven Billion Euro Investment in Croatian Agriculture Possible

Lauren Simmonds

Updated on:

As Poslovni Dnevnik writes, the Republic of Croatia will send a strategic plan to the European Commission (EC) by the end of this year, which will define the direction of spending money on Croatian agriculture, according to an analysis by the consulting company Smarter from which they point out that this is a document that will largely determine the direction of development of agricultural production by the end of the decade.

“The CAP Strategic Plan is the most important document for the medium term, which determines the financial envelopes, measures and interventions that will be implemented and how the financial resources for Croatian agriculture will be directed,” the analysis points out.

Smarter reminds that in five years, from 2023 to 2027, Croatia, not counting state funds, will have a massive 3.25 billion euros at its disposal, with slightly more than 1.5 billion euros intended for rural development, and 1.87 billion for direct payments.

For 2021 and 2022, a total of 1.75 billion euros has been provided for Croatia on the basis of a regulation extending the application of the rules from the previous period, but in such a way that money from the new multiannual financial framework will be distributed under the same rules.

The total funds from the EU budget from 2021 to 2027 amount to 5.17 billion euros, and in addition, through the National Recovery and Resilience Program for Agriculture, 131 million euros are intended, according to Smarter.

Thus, significant investments exceeding 5.3 billion euros from EU funds can be expected for Croatian agriculture.

“It’s realistic that more than seven billion euros or over 52 billion kuna will be invested in Croatian agriculture from 2021 to 2027, which gives us an opportunity to make a serious turn towards that and implement the activities necessary to make agriculture more competitive, productive and fulfill its full portential,” reads Smarter’s analysis.

For more, check out our dedicated politics section.


Subscribe to our newsletter

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

Leave a Comment