Business

Public Sector Invested More than HRK 5 bn in Island Development in 2018 and 2019

By 2 March 2021
Public Sector Invested More than HRK 5 bn in Island Development in 2018 and 2019
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ZAGREB, 2 March 2021 - Parliament will debate seven bills this week including a report on investments in island development during 2018 and 2019, a topic which will be on the agenda on Wednesday.

In 2018 and 2019 the state and public sector invested more than five billion kuna for the development of islands, mostly in grants, notes the report on the results of implementing the Islands Act in 2018 and 2019.

More and more money is being invested for island development and in 2018 more than HRK 2 billion was invested which is 20% more than in 2017. In 2019, almost HRK 900 million more was invested than in 2017.

In both the years concerned, the majority of money was channeled through the Ministry of Regional Development and EU Funds, totalling HRK 1.3 billion.

The recorder in the number of projects implemented in 2018 was Korčula Island with as many as 70 projects.

Broken down by counties, Primorje-Gorski Kotar, Split-Dalmatia, Dubrovnik-Neretva and Zadar counties received the most funding  for island projects in those two years. Investments were made in capital projects, incentives for public road transport on the islands, and in water supply projects as well as investments in the enterprise sector.

Parliament will also discuss legislative amendments that will enable digital nomads who have been granted temporary residence, to obtain health insurance benefits.

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