In January 2015, the government of Croatia announced a change in private-sector financial support.



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HBOR (2015) Temporary Reduction in Interest Rates Charged by HBOR on New Investment Projects in the Period from 1 January 2015 to 30 June 2015.

Inception date: No inception date

Interest payment subsidy

The Croatian Bank for Reconstruction and Development (HBOR) announced its decision to reduce its interest rate by 1 percentage point from 1 January 2015 to 30 June 2015 for certain economic activities. 
The purpose of the above reduction in interest rates is to promote all new investments in:
1. Agriculture and Fishing - primarily for:

  • Introduction of new technologies and procurement of machines and equipment;
  • Planting of perennial crops, procurement of nucleus cattle and flock breeding units;
  • Harmonisation with the EU standards or environmental protection measures.

2. Tourism - primarily for:

  • Construction of new higher-category hotels;
  • Construction or introduction of new facilities in tourism: swimming pools, sports premises and other attractive tourism facilities;
  • Promotion of the development of rural tourism - construction of new accommodation premises and additional rural tourism facilities;
  • Investments in accommodation premises within facilities protected as cultural heritage; Investments in the construction or renovation of energy efficient hotels.

3. Industry - primarily for:

  • Construction of new manufacturing facilities in the industry sector
  • Investments in energy efficiency projects
  • Investments in new technologies

 4. Energy efficiency and environmental protection
Interest rates are reduced by 1 percentage point for the following loan programs: Environmental Protection, Economy,Tourism, Agriculture and Balanced Development, New Production,SME, Start-Ups,Innovations as well as IPARD Measure 101 and 103.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.