ANNOUNCEMENT 01 Aug 2011In August 2011, the government of Croatia announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Official Document Published by the Croatian Competition Agency
On 01 August 2011, the Republic of Croatia announced the implementation of the program: 'Incentives for the production of bio fuels for transport'. This incentive program has a budget of EUR 13.389.028 (USD 16.649.925) and shall be in place until 31 December 2014.
The scheme aims to provide subsidies for the production of biodiesel and bioethanol in order to boost the level of environmental protection and lower market prices in Croatia.
The incentive program exclusively applies to: (1) biodiesel from rapeseed, (2) bioethanol from corn, (3) bioethanol from sugar beet, (4) biodiesel from waste cooking oil, (4) biodiesel from lignocellulosic raw materials, (5) bioethanol from lignocellulosic raw materials, (6) biogas and (7) biomethanol.
The official Croatian documents explaining the program denote that the cash incentives are based on the difference between the domestic Croatian production costs and the market price of the specific renewable form of energy in international markets. The higher the difference, the higher the government alsupport.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.