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

Poland to focus on security, regional cooperation during upcoming EU rotating presidency

Polish government representatives outlined the key priorities for its six-month stint holding the presidency of…

6 days ago

Bulgaria, Romania to join Schengen free travel area

Romania and Bulgaria are set to become full members of the Schengen Area on 1…

6 days ago

Slovenia tightens border as EU pledges migration revamp

Slovenia has announced an increase in border controls with Croatia and Hungary, citing national security and escalating concerns over…

6 days ago

Poland leads CEE on media subscriptions – Reuters institute report

Digital news consumption in Central and Eastern Europe (CEE) is transforming, driven by evolving audience…

6 days ago

FDI paints rosier picture for Poland, Romania – OECD report

Central and Eastern European (CEE) countries are still navigating post-pandemic economic challenges amid newer geopolitical…

2 weeks ago

Statistics Austria sees prosperity in decline

Austria's economy has contracted for the sixth quarter in a row, and there has been…

2 weeks ago