EBRD to invest EUR 300mn annually in Croatia.

By bne IntelliNews September 13, 2010
The European Bank for Reconstruction and Development (EBRD) is ready to invest EUR 300mn annually in Croatia, as it was close to EU membership, the new chief representative for Croatia, Zsuzsanna Hargitai, said. This amount of fuding, however, is not fixed and will depend on the quality of the financed projects. Hargitai pointed out that EBRD's priority sectors are energy (especially energy production from conventional sources), tourism, transport infrastructure and the competitiveness of the small and medium-sized companies (SME). Since the beginning of the EBRD operations in the country, the bank has so far provided EUR 2.2bn to different sectors of the economy and has mobilised additional investments of about EUR 3.3bn.

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335