Croatia successful in absorbing EU funds, ministry says

Croatia drew HRK 6.28 billion (EUR 837 million) from EU funds in the first ten months of this year, the largest amount since it was granted access to EU funding, the Ministry of Regional Development and EU Funds said in a statement on Thursday, citing data from the Ministry of Finance.

Since its entry into the EU in mid-2013, the amount Croatia drew from EU funds every year was only slightly higher than the amount it paid into the EU budget, while this year this trend has changed considerably, the statement said.

"This is the most successful year yet in absorbing EU funds, but we will not stop here. We still have almost 80 days before the end of the year and we can still do a lot. Thanks to the hard work and good coordination of all the bodies in the system, Croatia has finally embarked on the road of success and I am confident it will stay on it until the end of this financial period," Regional Development and EU Funds Minister Tomislav Tolusic said.

The additional simplification of procedures and changes to the operating programmes will further increase the absorption rate, the statement said.

Last update: Thu, 13/10/2016 - 19:20

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