EIB, Croatia's econ min agree to step up cooperation in green projects

The European Investment Bank (EIB) and Croatia's ministry of economy and sustainable development signed a Memorandum of Understanding (MoU) to expand cooperation on development and financing of energy, sustainability and climate related projects in the country, the EIB said on Thursday.

The EIB will back key energy and climate initiatives by the ministry and support it in the implementation of the National Energy and Climate Plan and its Recovery and Resilience Plan, the bank said in a statement.

The bank and the ministry will also cooperate to use opportunities from the EU programmes such as the, InvestEU, Green Deal Investment Plan and the Just Transition Fund.

“This agreement is a win-win cooperation on the common goals related to energy, resilience and climate projects in Croatia. It will also allow the country to maximize the opportunities stemming from various EU programs, funds and initiatives and attract more finances for key operations, which will help the recovery of Croatian economy from both COVID-19 pandemic and the two devastating earthquakes the Country suffered from,” Dario Scannapieco, vice president of the EIB in charge of the operations in Croatia, said in the statement.

So far, the EIB has invested 6.71 billion euro ($8.13 billion) in the economic and social development of Croatia.

($ = 0.8256 euro)

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