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EIB commits 464 mln euro for Croatian projects in 2023

Feb 14, 2024, 12:37:32 PMArticle by Annie Tsoneva
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February 14 (SeeNews) - The EIB Group, comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), said on Wednesday it signed 464 million euro ($497 million) in new commitments for projects in Croatia in 2023.

EIB commits 464 mln euro for Croatian projects in 2023
Zagreb. Source: The Croatian National Tourist Board

Investment by the EIB Group in the country for the past five years now totals 2.4 billion euro, the EIB said in a press release. The funds aim to promote a smarter, greener growth model, as well as economic resilience and better quality of life.

All of the new financing committed by the EIB Group in Croatia in 2023 went to projects supporting economic and social cohesion, which will facilitate faster convergence within the European Union and underpin the country’s transition to a greener and more sustainable economy.

In 2023, EIB Group financing accounted for 0.61% of Croatia’s gross domestic product, mobilising investments worth nearly 1.15 billion euro. These investments benefited 1,052 small and medium companies and mid-caps, sustaining more than 48,500 jobs.

($ = 0.935 euro)

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