The Ministry of the Economy and Sustainable Development is the main coordinator of activities carried out within the Coordination Committee for Economic Adjustment and Consumer Protection in the process of replacing the Croatian kuna with the euro. The target date for the introduction of the euro as the official currency in the Republic of Croatia is 1st of January 2023. The Coordination Committee for Economic Adjustment and Consumer Protection has […]
The European Commission has approved under EU State aid rules Croatia’s map for granting regional aid from 1 January 2022 to 31 December 2027 within the framework of the revised Regional aid Guidelines (‘RAG’). The revised RAG, adopted by the Commission on 19 April 2021 and entering into force on 1 January 2022, enable Member States to support the least favoured European regions in catching up and to reduce disparities […]
On Friday, 12th of November, Fitch raised Croatia’s credit rating by one level, from ‘BBB-‘ to ‘BBB’, with a positive outlook, noting progress in preparations for Eurozone membership and a strong recovery of the Croatian economy from the pandemic crisis. More https://www.fitchratings.com/research/sovereigns/fitch-upgrades-croatia-to-bbb-outlook-positive-12-11-2021#
Through the National Recovery and Resilience Plan and its component Resilient, Green and Digital Economy investing in stimulating innovation and digitalization of the economy will be continued. The estimated value of investments from the National Recovery and Resilience Plan in the part related to innovation and development and application of new (digital) technologies is HRK 960,450,000. Investments in all phases of innovation development are envisaged, with Ministry’s investments being primarily […]
We invite all investors, entrepreneurs, companies, but also the rest of the interested public to visit the Croatian Pavilion located within the theme park “Mobility” at the World Exhibition EXPO 2020 Dubai and learn about our innovative projects, ideas, inventions and creative individuals. More information about the Croatian Pavilion is available at https://www.expo2020dubai.com/en/understanding-expo/participants/country-pavilions/croatia Additional information and contact information are available on the official website of the Croatian Pavilion: https://www.croatiaexpo2020.com/. More […]
Standard & Poor’s reaffirmed Croatia’s ‘BBB- / A-3’ rating on Friday, with a stable outlook, noting that the economic recovery thanks to tourism has created the conditions for reducing public debt this year from a record level in the 2020 pandemic. Croatia’s rating continues to be supported by moderate net external indebtedness and the government’s austerity budget policy in the previous period, the agency points out.
On the 8th of July 2021, the European Commission gave a positive evaluation to the Croatian National Recovery and Resilience Plan. This is an important step towards the distribution of a € 6.3 billion grant under the Recovery and Resilience Facility (RRF), what will support the key investment and reform measures specified in Croatia’s National Recovery and Resilience Plan. The RRF is in the heart of the NextGenerationEU instrument, which […]
Fitch Ratings on Friday affirmed Croatia’s rating at ‘BBB-‘, with a stable outlook, highlighting big short-term risks related to the pandemic as well as the medium-term outlook for economic growth thanks to the EU’s financial support. The ‘BBB-‘ rating balances strong structural features, the agency says, singling out better indicators of human development and governance in comparison with countries with a similar rating and higher GDP per capita. The stable […]
The Ministry of Economy and Sustainable Development has published a Call for the delivery of the project proposals “Strengthening the competitiveness of companies by investing in the digital and green transition”, Reference: KK.11.1.1.01. This Call will support investments of small and medium companies in green and/or digital technologies and thus strengthen the competitiveness and stimulate the growth of SMEs in order to increase their ability to respond to market challenges […]
Visit us at the International Trade Council’s Think Global Conference taking place online from 12-15 April. We will have a presentation on investment opportunities that Croatia has to offer on Monday 12 at 1 p.m., as well as a virtual booth where you can come and chat with us.