Professional paper
Implementation of the Investment Plan for Europe in the Republic of Croatia
Zrinski Pelajić
; Illyricum savjetovanje d.o.o., Samobor, Croatia
Abstract
In order to improve the investment and financial environment in the EU and create a framework for stronger investment and sustainable economic growth, the European Commission (EC) launched the 2015 Initiative called the Investment Plan for Europe (the Plan). The legal preconditions for the adoption of the Plan have been met by the adoption of Regulation (EU) No. 2015/1017, and the key instruments for implementing the Plan are the European Fund for Strategic Investments (EFSI), the European Investment Project Portal (EIPP) and the European Investment Advisory Hub (EIAH). EFSI focuses on investment in infrastructure, energy, research, development and innovation, broadband infrastructure, education and training, healthcare and ICT. Its main function is to take over part of the risk associated with the activities carried out by the European Investment Bank (EIB) and the European Investment Fund (EIF), and therefore the EIB can invest in projects with a higher risk profile than usual. About a quarter of the fund is devoted to projects supporting small and medium-sized enterprises, as well as medium-market capitalization companies (mainly through the EIF). By the decision of the Government of the Republic of Croatia, the Croatian Bank for Reconstruction and Development (HBOR) was appointed as the National Development Bank for the implementation of the Plan in the Republic of Croatia. At 31.12.2018. funding from EFSI in Croatia amounted to EUR 222 million.
Keywords
The Investment Plan for Europe; the European Fund for Strategic Investments; the European Investment Bank (EIB); the European Investment Fund (EIF); the Croatian Bank for Reconstruction and Development (HBOR)
Hrčak ID:
234526
URI
Publication date:
31.12.2019.
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