Croatia Receives Major Loan from EIB

Politics ♦ Published: July 23, 2013; 07:09 ♦ (Vindobona)

The European Investment Bank grants a € 250m loan for the new EU member.

Croatia Receives Major Loan from EIB / Picture: ©

In order to promote its economy, Croatia´s Bank for Reconstruction and Development has secured a loan from EIB. The credit will finance small and medium-sized enterprises, infrastructure projects and municipalities.

After the independency in the 1990s, the country´s growth model was based on booming consumption sector and the expanding construction industry.…