EUR 33 mln to be disbursed to 28 Croatian businesses as EU grants

ZAGREB, 1.8.2014.

A total of 28 businesses in the manufacturing and tourism sectors on Friday signed contracts on grants in the amount of 250 million kuna, which will be absorbed from European Union structural funds, for their projects whose value is 641.5 million kuna and which should be implemented in the next months.

The grants will be awarded to 19 enterprises in the manufacturing sector and nine tourism businesses, and their projects are expected to create some 600 jobs.

The contracts on grants were delivered at a ceremony in Zagreb by Croatia's Trade and Enterprise Minister Gordan Maras, EU Funds and Regional Development Minister Branko Grcic and Deputy Tourism Minister Ratomir Ivicic.

The businesses that were awarded grant contracts will be immediately provided with the 30% of the agreed sum and the remainder will be disbursed gradually.

Minister Grcic congratulated the businesses for a success in getting a greenlight and non-repayable funds for their projects.

(EUR 1 = HRK 7.6)