Stručni rad
Management of Financial Instruments in the Republic of Croatia - European Structural Investment Funds - Planned by the Programmes and Overview of Main Financial Status Indicators
Zrinka Malešević Sučić
orcid.org/0000-0002-1530-4627
; Ekonomski fakultet Sveučilišta u Osijeku, Osijek, Hrvatska
Lucija Lerga
; Ekonomski fakultet Sveučilišta u Osijeku, Osijek, Hrvatska
Sažetak
Financial instruments support investment in revenue-generating activities, while increasing private investment with minimum public support to achieve the objectives of economic, social and territorial cohesion. Financial instruments are an efficient and sustainable alternative to traditional grant-based support and, unlike grants, financial instruments are repayable. They are available within the European Structural Investment Fund and in the Republic of Croatia represent a new way of using European Union funds. They are considered one of the most efficient ways to use financial resources wtih the purpose to achieve projects development and goals, and come in
the form of credit lines, guarantees and venture capital funds. Given the tendency to reduce public resources even in times of crisis, financial instruments have a strong role now and in the future.
In the Republic of Croatia, financial instruments are currently implemented within the Operational Programme on Competitiveness and Cohesion 2014-2020 and the Rural Development Programme for the Period 2014-2020. Within the Operational Programme on Competitiveness and Cohesion 2014-2020, Priority Axis 3. Business
Competitiveness and Priority Axis 4. Promotion of energy efficiency and renewable energy sources, ten operations or financial instruments are envisaged. These operations are co-financed by the European Regional Development Fund and public funds. The Rural Development Programme for the period 2014-2020 defines nineteen measures aimed at increasing the competitiveness of Croatian agriculture, forestry and
processing industry, as well as improving living and general working conditions in rural areas. Financial instruments covered by the Rural Development Programme are intended for farmers, processors of agricultural products and entities operating in the forestry sector, in three areas or measures: Investment in physical assets, Development
of agricultural holdings and businesses, Investments in sustainability improvement and forest areas development. These measures are co-financed by the European Agricultural Fund for Rural Development and public funds. This paper analyzes the modality of use and management of financial instruments, respectively how much the Republic of Croatia has so far used funds under these programmes and measures, as well as how much benefit it has achieved by financing through financial instruments.
Ključne riječi
Financial instruments, European Structural Investment Funds; European Regional Development Fund; European Rural Development Fund; Republic of Croatia
Hrčak ID:
244888
URI
Datum izdavanja:
1.7.2020.
Posjeta: 596 *