The investment plan of Croatia under the cohesion policy approved by the Commission

August 26, 2013

Funding Scheme: 2013-08-26

Pgm2014 2020: Yes

Isfondstruct: Yes

Amorce:

The European Commission has approved the investment plan proposed by Croatia in the framework of the cohesion policy to deliver growth and jobs. The Croatian authorities have defined investment priorities in different regions for the implementation of EU regional funds for a total of € 449.5 million.

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Strategic projects with clear, pre-defined goals matching these priorities must quickly be identified so as to make the best use of this valuable investment by the 2016 deadline.

The European Commissioner for Regional Policy, Johannes Hahn, along with European Commissioner for Employment, Social Affairs and Inclusion, László Andor welcomed the timely submission and approval of the investment plan.

The NSRF outlines three strategic goals: strengthening economic competitiveness; establishing optimal economic conditions for job creation and employability; and achieving balanced regional development. Its adoption paves the way for implementation of strategic operational programmes in: “environment”, “transport”, “regional competitiveness” and “human resources”, with a further breakdown of investment priority axes and project selection criteria.

Cohesion Fund (€149.8m) investments will go towards waste and wastewater management, as well as improvement of the water supply. The European Regional Development Fund (€228.4m) will be invested in business support for SMEs, research and innovation, along with more basic infrastructures, such as railway and waterways. The European Social Fund (€60m) will support job creation and invest in social inclusion and education projects.

Croatia joins the current financial period of cohesion policy only six months before its end, which means, in keeping with EU rules – all projects selected for investment should be completed by the end of 2016.

It is expected that the experience Croatia has gained under previous programmes and projects under the Instrument for Pre-accession Assistance (IPA) will facilitate the efficient and timely management of investments from this first tranche of cohesion policy funding.

Url description: European Commission Press

Url: http://europa.eu/rapid/press-release_IP-13-791_en.htm