EU grants totalling EUR 21 mn given to 32 enterprises

A total of 32 entrepreneurial projects have been granted almost HRK 160 million from European Union (EU) funds which will facilitate investments over the next two years with a total value of HRK 640 million, Minister of Entrepreneurship and Crafts Darko Horvat and HAMAG-BICRO CEO Vjeran Vrbanec said on Wednesday.

The grants are expected to be invested in technology and development of production, supply of new machinery and equipment as well as the construction of new plants and hotels in Croatia which will create 500 new jobs, it was said at a presentation of the projects awarded in a tender published by the Ministry as part of the Competitiveness and Cohesion 2014 - 2020 operational programme.

The projects awarded come from all over Croatia. Grants have been awarded, for example, for the construction of a hotel in the coastal town of Omis and another in Podgora on the Makarska Riviera with supporting amenities, and each of them has been granted HRK 10 million each.

(1 EUR = 7.506219 HRK)

Last update: Wed, 05/10/2016 - 20:29
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