HRK 380mn to be available for business infrastructure development

A 38-million-kuna tender for the Business Infrastructure Development will be announced in early October, the Croatian caretaker ministers of EU funds and SMEs, Tomislav Tolusic and Darko Horvat, said in Zagreb on Thursday.

The amounts for which applications regarding non-repayable sums can be submitted range between HRK 200,000 and 20 million.

Tolusic recalled that in 2016, Croatia had to pay EUR 3.7 billion into the EU budget, and that it had absorbed HRK 5.4 billion so far this year.

"Practically, Croatia withdraws some 200 million kuna of fresh money (from the EU) a week," the minister boasted.

Last year, Croatia's absorption stood at HRK 4 billion.

(EUR 1 = HRK 7.5)

Last update: Thu, 15/09/2016 - 15:15

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