March 22 (SeeNews) - Croatian state-owned development bank HBOR said it has been granted an accreditation from the European Commission for the direct management of EU funds.
"This historic success not only represents a step forward for HBOR, as it enables us to directly apply for EU funds without necessity of intermediaries, but it also creates new opportunities for development of new innovative financial instruments," CEO Hrvoje Cuvalo said in a press release on Thursday.