HBOR CEO Tamara Perko (Photo: Dalibor Urukalovic/PIXSELL) HBOR CEO Tamara Perko (Photo: Dalibor Urukalovic/PIXSELL)

An agreement for investment loans for rural development was signed between the Croatian Bank for Reconstruction and Development, or HBOR, and commercial banks on Tuesday. Agriculture Minister Marija Vučković believes the program will be of great interest to Croatian farmers. "I am confident that this instrument will be more than welcomed by our farmers, especially given that we have all but exhausted our non-refundable loans for those most sought after measures."

Outlining the terms of the loans on offer, HBOR CEO Tamara Perko noted that the loan program was an excellent opportunity for the development of rural areas in Croatia. "The loans will be issued by commercial banks. The average weighted interest rate should be between 1.2 percent and 2.1 percent," Perko said.

Source: HRT