Croatia will receive a total of €9 billion from the Cohesion Policy in 2021-2027 in the framework of its Partnership Agreement with the Commission to promote the economic, social, and territorial cohesion of its regions and its green and digital transitions. These investments will help reduce regional economic disparities and enhance skills, training, and employment opportunities. The EU funds will also support the development of a competitive, innovative, and export-oriented Croatian economy.
Towards a net zero carbon and resilient economy
Croatia will dedicate nearly 31% of the 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.
Moreover, €179 million from the Just Transition Fund (JTF) will mitigate the economic and employment effects of the green transition. This will be done through decarbonizing energy-intensive industries, strengthening entrepreneurship, investing in the skills of the workers, diversifying the economy in the most affected regions, enhancing cooperation between business and research, and increasing employment opportunities for the workforce.
Increasing economic competitiveness and digitalisation
€1.7 billion from the ERDF will support Croatia’s innovative and smart economic transformation by increasing the competitiveness and internationalization of small and medium-sized businesses (SMEs) and contributing to improve the skills of employees.
Source: European Commission
