The European Commission today adopted the Partnership Agreement with the Republic of Croatia for the financial period 2021 – 2027, establishing an investment strategy in the amount of 9 billion euros for the financing of cohesion policy. The agreement establishes the investment strategy of the Republic of Croatia in the new financial period, which at the same time represents both continuity in relation to the previous period and a step […]
On Friday, July 15, Moody’s Agency raised Croatia’s rating by two levels, to ‘Baa2’, including it in the investment category, with a stable outlook, due to the formal completion of the process of entering the eurozone.
On Thursday, July 14, 2022, the Standard & Poor’s agency increased Croatia’s long-term and short-term ratings to ‘BBB+/A-2’, with a stable outlook. After the EU Council officially confirmed Croatia’s entry into the euro zone from the beginning of next year, after Fitch Ratings, S&P is already the second agency to increase Croatia’s rating.
On Wednesday, July 13, 2022, Fitch Ratings in an extraordinary assessment raised Croatia’s credit rating by one level, to “BBB+”, with a stable outlook. An important argument for raising the rating is the completion of Croatia’s admission to the euro area. The regular review of the rating is, by the way, scheduled for November 28. The confirmation of Croatia’s entry into the euro area was assessed as a situation of […]
Lausanne, Switzerland, June 15, 2022 – In this year’s report of the IMD World Competitiveness Center, Croatia ranked 46th out of 63 world economies, which is an increase of 13 places compared to last year (the highest growth of all countries measured). The Swiss Institute for Management Development (IMD) Competitiveness Ranking measures how well countries manage their resources and competencies to enable the long-term creation of new values. The IMD […]
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
