Approved: Croatia’s EUR 6.3bn Recovery Plan

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.