ANNOUNCEMENT 01 Jan 2015In January 2015, the government of Croatia announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
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. http://www.hbor.hr/fgs.axd?id=3239
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:
2. Tourism - primarily for:
3. Industry - primarily for:
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.