24.04.2026.
On Monday, 20 April, the European Commission approved the increase in the capital of the Croatian Bank for Reconstruction and Development in the amount of EUR 411 million, which will be implemented by the Government of the Republic of Croatia.
In cooperation with the Government of the Republic of Croatia, and particularly the Ministry of Finance, HBOR has successfully negotiated this measure under the National Recovery and Resilience Plan, which will further promote investments in the digital and green transition, for which approximately EUR 278 million is earmarked, whereas approximately EUR 133 million will promote investments in the defence and security sector.
The Republic of Croatia has informed the Commission of its plans to approve this measure, on the basis of which HBOR's competence will be further expanded in a way that facilitates the development of the above-mentioned economic activities, i.e. promotes sustainable and regionally balanced social and economic growth.
HBOR will thus give priority to investments in the initiatives that promote digital transformation and environmentally friendly technologies, that improve regional connectivity and develop the defence industry, which will be achieved by encouraging new investments by private sector entities of all sizes as well as by the public sector.
The Commission has assessed that the measure in question is in line with EU State Aid rules that allow Member States to support the development of certain economic activities under certain conditions.
Namely, all investments and reforms involving State Aid covered by national recovery plans under the Recovery and Resilience Facility must be reported to the Commission for prior approval, unless one of the State Aid block exemption rules applies to them.
In the Commission conclusion, it is stated as follows: "The Aid is necessary and appropriate to achieve the desired objectives. Furthermore, it is proportionate because it is limited to correcting market failures, so that distortions of competition are minimised."
On Monday, 20 April, the European Commission approved the increase in the capital of the Croatian Bank for Reconstruction and Development in the amount of EUR 411 million, which will be implemented by the Government of the Republic of Croatia.
In cooperation with the Government of the Republic of Croatia, and particularly the Ministry of Finance, HBOR has successfully negotiated this measure under the National Recovery and Resilience Plan, which will further promote investments in the digital and green transition, for which approximately EUR 278 million is earmarked, whereas approximately EUR 133 million will promote investments in the defence and security sector.
The Republic of Croatia has informed the Commission of its plans to approve this measure, on the basis of which HBOR's competence will be further expanded in a way that facilitates the development of the above-mentioned economic activities, i.e. promotes sustainable and regionally balanced social and economic growth.
HBOR will thus give priority to investments in the initiatives that promote digital transformation and environmentally friendly technologies, that improve regional connectivity and develop the defence industry, which will be achieved by encouraging new investments by private sector entities of all sizes as well as by the public sector.
The Commission has assessed that the measure in question is in line with EU State Aid rules that allow Member States to support the development of certain economic activities under certain conditions.
Namely, all investments and reforms involving State Aid covered by national recovery plans under the Recovery and Resilience Facility must be reported to the Commission for prior approval, unless one of the State Aid block exemption rules applies to them.
In the Commission conclusion, it is stated as follows: "The Aid is necessary and appropriate to achieve the desired objectives. Furthermore, it is proportionate because it is limited to correcting market failures, so that distortions of competition are minimised."