Politics

Croatia has Agreed on Financing of €12.17bn Worth of Contracts from EU Funds

By 4 February 2021
Croatia has Agreed on Financing of €12.17bn Worth of Contracts from EU Funds
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ZAGREB, 4 February 2021 - By 28 January, Croatia has agreed on the financing of €12.17 billion worth of contracts from the European structural and investment funds (ESIF), exceeding by 13.4% the amount allocated for the period from 2014 to the end of 2020, the Ministry of Regional Development and EU Funds said on Thursday.

Minister Nataša Tramišak presented a report on the absorption of EU funding by Croatia at the closed part of today's cabinet meeting, which was then adopted.

Croatia was allocated €10.7 billion from the ESIF for the 2014-2020 period. By 28 January 2021, it had agreed the financing of €12.17 billion, or 113.4% of the allocation. A total of €5.06 billion was disbursed, or 47.6% of the allocation, and €4.39 billion, or 40.89%, was certified.

In the period from 2013 to 28 January 2021, the difference between the amount of money received from the EU budget and the amount paid into the EU budget was HRK 38.59 billion in favour of the Croatian state budget.

The Competitiveness and Cohesion operational programme has the highest contracting rate, of 124.71% of the total allocation, while the Rural Development Programme has the highest disbursement rate, of 63.60% of the allocation, the statement said.

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