New Act on Investment Promotion (OG 63/22) amending former Act on Investment Promotion has: – lowered the criterion of the registered unemployment rate as a precondition for the use of non-refundable financial support for eligible costs of job creation and capital costs of the investment project; – in the context of job creation and mitigation of the negative economic consequences of the COVID-19 pandemic, enabled investment aid beneficiaries to apply […]
On the 1st of June 2022, the European Commission assessed in its 2022 Convergence Report that Croatia fulfils all the criteria for joining the euro area and proposed to the Council that Croatia adopts the euro on the 1st of January 2023. The Council will make the final decision on the adoption of the euro in Croatia in the 1st half of July this year, after the necessary procedures and […]
On Friday, May the 6th 2022, Fitch Ratings has affirmed Croatia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’ with a Positive Outlook. According to Fitch, Croatia’s ratings are supported by strong structural features, including higher human development and governance indicators than peers, anchored by membership of the EU, and GDP per capita that is around 40% higher than the ‘BBB’ median, while the Positive Outlook reflects their expectation that […]
S&P expects that Croatia’s economy will expand by 2.5% in real terms in 2022, supported by recovery in the tourism sector and a pick-up in investments. It also highlights that in their view eurozone accession, targeted for 2023, would reduce foreign exchange risks and improve Croatia’s monetary flexibility. Among other things, the agency affirmed Croatia’s stable outlook, assessing that Croatia’s economy is supposed to grow at a stable pace in […]
Support programs from the National Recovery and Resilience Plan for measures C1.1.2 R2-I5 Commercialization of innovation and C1.1.2. R2-I3 Grants for start-ups have been published. More is available at the links: Program dodjele državnih potpora za mjeru C1.1.2. R2-I5 Komercijalizacija inovacija Program dodjele potpora male vrijednosti za mjeru C1.1.2. R2-I5 Komercijalizacija inovacija Program dodjele potpora male vrijednosti za mjeru C1.1.2. R2-I3 Bespovratne potpore za novoosnovana poduzeća
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 […]
