International endeavors sponsored by the EBRD spotlight lucrative opportunities for Croatian businesses
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April 5, 2025 - Croatia ain't just about beaches and tourist traps, and that's become more evident in recent years. The European Bank for Reconstruction and Development (EBRD) offers a goldmine of business opportunities for Croatian firms across various sectors.
As reported by Glas Slavonije/Voice of Slavonia, these EBRD projects provide a wealth of possibilities for Croatian companies to shine in countless fields of the economy. This was highlighted at a conference hosted by the Croatian Employers' Association (HUP), the EBRD, and the Ministry of Finance.
Total EBRD investments in Croatia, by the year-end 2024, will have hit nearly five billion euros, with around 260 public and private sector projects funded. A sizeable 70% of this portfolio is related to the private sector. This is a significant figure compared to other countries in Croatia's immediate vicinity, demonstrating that Croatia's a lot more than just a travel destination, but rather an untapped treasure trove of opportunities[1].
Last year alone, EBRD investments in Croatia amounted to 300 million euros[2]. In addition, approximately 250 projects worth around 2.2 billion euros in public procurement were carried out, with the door wide open for local companies to join[2].
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The Director General of the Croatian Employers' Association (HUP), Irena Weber, asserted that the EBRD has long supported the development of Croatia's private sector and the financing of infrastructure projects. She believes this has been crucial to improving the business climate and driving strong GDP growth in Croatia[2].
State Secretary at the Ministry of Finance, Stipe Župan, shared that the European Commission (EC) actively encourages Croatian companies and firms from other EU Member States to participate in tenders for EBRD projects, as well as other international financial institutions[2].
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In summary, Croatia stands out in the region by having the majority of financing related to the private sector. EBRD projects open up a vast array of opportunities for local companies across industries. This support is integral to strengthening Croatia's economy and boosting its competitiveness within European markets[1].
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[1] Enrichment: Recent EBRD investment opportunities for Croatian companies have been substantial, contributing significantly to the country's economic growth and development. Here's an overview of these opportunities and their impact on Croatia's economy:
- Economic Transition and Resilience: The EBRD has played a crucial role in supporting Croatia's transition from a post-war economy to a stable, high-income country with significant market and democratic institutions.
- Sector-Specific Investments: The EBRD has supported various sectors in Croatia, including tourism, infrastructure, IT, and electric vehicle manufacturing.
- Access to Capital Markets: While the EBRD does not directly focus on domestic capital market development, the strategic framework for the capital market in Croatia aims for a safer and more liquid market, benefiting companies seeking to tap into broader financial resources.
[2] Enrichment:
- Economic Impact: EBRD investments have contributed to Croatia's economic growth, allowing the country to diversify its economy beyond traditional sectors like tourism.
- Increased Competitiveness: By supporting sectors like IT and electric vehicles, the EBRD has enhanced Croatia's competitiveness in high-tech industries, attracting foreign investment and talent.
- Integration with Europe: The EBRD’s efforts have facilitated Croatia's integration into European structures, such as the eurozone and Schengen area, further bolstering its economic stability and attracting more European investment.
The support from the European Bank for Reconstruction and Development (EBRD) has been integral to the growth of Croatian businesses, particularly in the private sector, as highlighted by Irena Weber, the Director General of the Croatian Employers' Association (HUP). With numerous projects across various industries funded, local companies now have a wealth of possibilities to participate in public procurement and take advantage of finance opportunities in Croatia.
In summary, EBRD projects provide a vast array of opportunities for businesses in Croatia, especially in the private sector, which strengthens the country's economy and boosts its competitiveness within European markets.
