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Croatia Receives Major Loan from EIB
Politics ♦
Published: July 23, 2013; 07:09 ♦ (Vindobona)
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The European Investment Bank grants a € 250m loan for the new EU member.
Croatia Receives Major Loan from EIB / Picture: © Vindobona.org
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.…
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