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.

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