Written by 4:59 am EU Investment

EU Commission adopts €9 billion cohesion policy deal with Croatia – EURACTIV.com

The European Commission adopted the cohesion policy framework for Croatia on Wednesday, approving the 2021-27 €9 billion funding for the newest EU member’s social and territorial cohesion, green, and digital transition.

“The new partnership agreement, worth nine billion euros, paves the way for stronger investment in the development of Croatia’s regions, the underdeveloped areas, the economy, energy efficiency, climate change, as well as health, science, education and welfare,” said Croatia’s Regional Development and EU Funds Minister Nataša Tramišak, according to Nacional.hr website.

The European Commission said Zagreb would dedicate “nearly 31% of European Regional and Development Fund (ERDF) and 39% of Cohesion Fund resources to climate objectives.”

“In particular, €2.56 billion will help the country improve energy efficiency, increase the share of renewables in energy production up to 60% of electricity in 2030, enhance the circular economy and support climate resilience and biodiversity.”

More than €650 million will be invested in this later objective, the EU executive said.

Around €1.7 billion from the ERDF will support Croatia’s innovative and smart economic transformation, while almost €1 billion will enhance regional, local, and cross-border mobility in all sectors, the Commission said.

Another major chunk, almost €2.5 billion from the European Social Fund Plus (ESF+) and ERDF, will go towards boosting employment, skills, education, healthcare, and social services.

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