Prime Minister Andrej Plenković in parliament (Photo: Patrik Macek/PIXSELL) Prime Minister Andrej Plenković in parliament (Photo: Patrik Macek/PIXSELL)

Prime Minister Andrej Plenković said that "we have secured a strong lever of economic development for Croatian citizens and business." He added that additional funds were secured and announced a national recovery plan would be drafted by the end of the year.

In the next 7 years Croatia will have more than 165 billion kuna at its disposal which is twice as much as it had at its disposal in the past multi-year financial framework.

“A sum is in question that ensures for every euro invested we get more than 4.5 euros in return from the budget of the European Union,” explained Prime Minister Plenković.

e added that one of longest meetings in the history of the European Union provided results, noting that the achieved recovery package, from which Croatia can count on 9.4 billion euros, will secure loans under favorable conditions or what he said was the best interest rate in the world because the European Union credit rating is in question.

Croatia also secured an additional national package of 500 million euros. "200 million intended for agriculture should contribute to keeping younger people in rural areas," said Plenković.

“400 million euros for cohesion, for less developed regions. There is a paragraph in the conclusions that is related only to Croatia, not any other European Union member. In February ahead of the last meeting, we managed to secure 300, and now we have increased it for another hundred and received another 100 million euros, all together 400. That is approximately one Pelješac bridge, just so we understand what the significance of these funds and negotiations are,” said the Prime Minister. 

Plenković said that during negotiations it was shown how much Covid-19 affected tourism and other economic areas. One of the arguments was the devastating earthquake that hit Zagreb in March. He emphasized that there is no national co-financing.  

“Furthermore, we managed to secure an advance of ten percent in grants from the Mechanism for Recovery and Resilience that will be paid in 2021. Concretely, this means several million euros during 2021. A sum is in question that could almost reach up to 600 million euros, with which we will unburden the national budget,” noted the Prime Minister.

For all of this a national recovery plan is needed that will be drafted by the end of the year within a coordination led by the Prime Minister himself and will be presented in parliament.

Plenković pointed out that an important element is the fact that it will be approved by the European Commission and Council, or there will be no possibility for blocking from other member countries. 

“That is the message that I have been conveying for the last few months, which I see some have not understood from previous discussions on modern sovereignty. This is that. You that are laughing, this is that. A strong country that protects its national interests, that potentiates its strength for the benefit of its citizens, its economy, capitalizing on its international position and especially membership in the European Union,” said Prime Minister Plenković.

Source: HRT