On 3rd of June 2025, the Ministry of Economy announced a call for the allocation of grants “Support for SMEs for Internationalization” (Reference number: PK.1.3.10) within the framework of the Competitiveness and Cohesion Programme 2021-2027. The call for “Support for SMEs for Internationalization” is implemented through an open award procedure in the form of a standing call. The details of the call can be found in the document: UzP Internacionalizacija […]
Fitch (with stable) and S&P (with positive) prospects confirmed Croatia’s credit rating. Among other things, Fitch stated in its report that Croatia’s rating reflects a credible legal framework based on the EU and eurozone membership, confirmed fiscal discipline and willingness to comply with EU fiscal regulations, and strong economic growth. Among other things, S&P stated in its analysis that Croatia’s reforms and strong economic growth will help to maintain stable […]
The amendments to the Act on State Aid for Research and Development Projects (OG, 152/24) have come into force. The amendments to the Act on State Aid for Research and Development Projects (OG, 152/24) have come into force. These amendments provide for: – A doubling of the reduction of the tax base (higher amounts of aid) compared to previous provisions: • 400% of eligible costs for basic research (previously 200%) […]
Today, on 24th of December 2024, the Ministry of economy launched a call for proposals “Innovation of newly created SMEs”. The total grant available under this call is EUR 14,622,642. The objective of the call in question is to encourage: – growth of start-ups developing innovative products within identified thematic priority areas of S3, based on knowledge or high technologies, – the future development and marketing of products and increasing […]
On 23 December 2024, the Ministry of economy published the call for grants “support to enterprises for product certification and implementation of management systems” under the Programme Competitiveness and Cohesion 2021-2027. The total grant available under this call is EUR 20,000,000.00. The aim of the call is to support SMEs in order to increase international competitiveness by assessing compliance and certification of products, services or processes in accordance with the […]
The Ministry of Economy has published a notice for the open e-consultations with the interested public on the instructions for applicants for the call for grants “support to SMEs for internationalisation”, which is financed under the Competitiveness and Cohesion Programme 2021-2027. The consultation is opened from 5th to 22nd of December 2024 and is available at the following link.
On November 28, 2024, amendments to the Investment Promotion Act (OG 136/24) came into effect. The relevant amendments are as follows: In addition to sectors previously excluded from the Act, the tourism sector, accommodation services, and food preparation and serving activities have also been excluded. For non-repayable financial grants for creating new jobs, the thresholds for the registered unemployment rate as a prerequisite for using the grant have been lowered, […]
Croatia’s long-term credit score was raised two levels by Moody’s Ratings, which cited prospects for strong economic growth and sustainable fiscal policies. Moody’s moved the sovereign rating to A3 from Baa2, with stable outlook. More
Today, the 20th of September 2024, the Fitch Ratings increased Croatia’s credit rating to level A-, with a stable outlook. Fitch expects in years 2024-2026 that Croatia’s real GDP to average at 3.1% compared with their 1.3% forecast for the eurozone and 2.6% for the ‘A’ median. More info
Today, September 13th, 2024, the Standard & Poor’s agency increased Croatia’s long-term rating from BBB+ with a positive outlook to A- with a positive outlook citing, among other reasons, the continued implementation of economic reforms. S&P also forecasted that Croatia’s economy will continue to outperform the economies of its European peers over 2024-2027, growing at an annual rate of 3%. More info
