Categories: Croatia

Approved: Croatia’s EUR 6.3bn Recovery Plan

Reading Time: < 1 minute

The European Commission gave a positive assessment of Croatia’s recovery and resilience plan, worth EUR 6.3 billion, which could significantly boost the country’s GDP and create 21,000 new jobs by 2026. The positive assessment was personally delivered by EC president Ursula von der Leyen to Croatia’s prime minister Andrej Plenković in Zagreb on Thursday.

Croatia receiving a green light from Brussels is an important step towards the EU disbursing funds in grants and loans under the Recovery and Resilience Facility (RRF). According to European Commission’s estimates, Croatia’s recovery and resilience plan could help grow the national economy by 1.5% in 2021, an additional 2.5% in each of the next four years, and by 2.9% in 2026.

CET Editor

Recent Posts

A Trumping new reality – CET opinion

One of the most disappointing characteristics of our 21st Century is that while we live…

3 days ago

Poland PM urges defence spending hikes as Baltics cut ties with Russian electricity grid

Polish Prime Minister Donald Tusk called on European leaders to increase their defence spending while maintaining close ties…

6 days ago

Kos floats speedy EU accession for Albania, Montenegro

The Munich Security Conference ended on a cautiously positive note for EU candidate countries Albania…

6 days ago

EU looks to Greece for critical raw materials

Greece is poised to become a key player in the EU’s efforts to secure critical…

6 days ago

Poland FM backs Ukraine, but rejects EU army idea

Polish Foreign Minister Radoslaw Sikorski stressed the necessity of European involvement in any peace talks…

7 days ago

‘Poland: growth leader in Europe and the world’- FM proclaims on 2024 data

Poland’s economy emerged as a regional standout in 2024, recording a GDP growth of 2.9%,…

2 weeks ago