The EIB in Croatia
The EIB’s lending operations in Croatia have supported projects helping the country to meet EU accession criteria, and facilitating its rapid integration into the Union. EIB lending in Croatia since 2001 reached a total of EUR 3 billion by the end of 2012.
At the beginning of the decade, the Bank focused on the construction and rehabilitation of the country’s infrastructure, especially in transport. As things stand, this accounts for 30% of total EIB lending in Croatia, with intermediated loans taking up 44% and urban infrastructure a further 15%.
In 2012, the Bank signed financing contracts amounting to EUR 300 million. This support went mostly towards SME investments, with new SME credit lines established with local financial institutions and public sector projects in line with the priorities of the government.
Our future support to Croatia
As a shareholder of the Bank after its recent accession, Croatia qualifies fully for EIB loans and allocations from the EU’s Structural and Cohesion funds. Over the coming years, the Bank intends to step up its financing of railway projects in Croatia, as well as to continue expanding lending to municipalities and local authorities for infrastructure improvements in the environmental, health and education sectors. The EIB will also increase its support for SMEs, and increase their access to long-term financing.
Operations in Croatia will also be extended to the environmental and human capital sectors, in close cooperation with the Commission.
Combining EIB loans with EU Programmes
Croatia has been a beneficiary of the EU Instrument for Pre-Accession Assistance and EU Pre-Accession Programmes (Phare, ISPA and IPA), and will remain so for another two years, as these initiatives are concluded.
Through its various loan products, and the technical assistance programmes it manages, the EIB provides the financial resources needed for co-financing projects with EU grants, thus contributing to the successful implementation of the Croatian National Development Plan.
The EIB cooperates closely with other co-financiers, in particular the European Bank for Reconstruction and Development and the World Bank, combining its expertise with the professional knowledge of these international financial institutions in order to help Croatia prepare well-designed projects facilitating the country's integration into the European Union.
How to receive EIB support in Croatia:
- For large projects, contact us directly at head office.
- For smaller projects (generally less than EUR 25m) contact our local partners.