How Croatia ranks within EU countries
Total investment
March 2022
- Total financing under the European Fund for Strategic Investments (EFSI) in Croatia amounts to €449 million and is set to trigger €1.6 billion in additional investments
Infrastructure and innovation projects
- 9 approved projects financed by the European Investment Bank (EIB) with EFSI backing
- approximately €105 million in total financing
- set to trigger €622 million in total investment
Small and medium enterprises (SMEs)
- 12 approved agreements with intermediary banks financed by European Investment Fund (EIF) with EFSI backing
- €344 million in total financing
- set to trigger approximately €950 million in investments with some 5,443 SMEs and mid-cap companies expected to benefit from improved access to finance
Examples of projects supported by the Investment Plan in Croatia
Electric vehicles: RIMAC AUTOMOBILI
Rimac Automobili is an innovative car company in Croatia which develops electric driving technologies. A €30 million loan is helping Rimac invest even further in research and development (R&D) as well as supporting its expansion plans into Europe and Asia. It will also aid the company’s transformation into a technology solutions provider for electric vehicles and an industrial-scale producer of components for the global automotive sector. The company employs some 450 people, the majority of whom work in R&D.
Tomaplast is a small business in Croatia specialised in producing injection plastics: using moulding machines to shape melted plastic and various materials into more than 50 different products, mostly for use in the bed industry. When the company moved to a more effective location for exports, it secured a loan from local bank PBZ, guaranteed by the Juncker Plan. The loan allowed the business to purchase new equipment, improving efficiency and consistency as well as reducing its energy consumption. Tomaplast plans to develop new products and extend its exports to more EU countries in the coming years.
Family-friendly tourism: VALAMAR RIVIERA
The EIB is lending €16 million to Valamar Riviera – the Croatian tourism company. The loan will co-finance the completion of the Valamar Girandella Resort in Rabac on the Istrian peninsula with its first five-star "Kinderhotel", a family-friendly resort focused on children's activities.
Environmentally-friendly power plant: EL TO Zagreb
The EIB is lending Hrvatska Elektroprivreda DD €150 million to build a new combined cycle gas turbine, heat and electricity cogeneration plant to replace less environmentally-friendly plants in Zagreb. The Investment Plan-backed finance will improve the security of electricity supply in Croatia and reduce pollution levels.
Dental services: DENTAL CENTER ČES
Dental Center Čes is located in central Osijek and provides services in the field of cosmetic and restorative dental medicine, implantology and oral surgery. To invest in the latest equipment, the company received a loan from PBZ backed by the Investment Plan. The financing allowed them to purchase new equipment, such as a 3D printer to produce various orthodontic appliances. The dental centre now employs 20 people and continues to grow.
Full list of EFSI-backed projects approved by the EIB
Full list of EFSI-backed agreements with financial intermediaries signed by the EIF