The Croatian Bank for Reconstruction and Development will finance micro, small, and medium-sized enterprises throughout Croatia with a new 15 million euros. This amount pertains to projects in agriculture and tourism, primarily in small and medium-sized enterprises, announced Alma Jagnjić, the director of the lending sector of HBOR, during the presentation of this program today in Pula.
As was heard on this occasion, start-up entrepreneurs can take out a loan of up to 1.8 million kuna with a repayment period of up to 12 years at an annual interest rate of four percent. To date, the Croatian Bank for Reconstruction and Development has allocated 2.2 billion kuna in Istria County, of which the City of Pula alone has utilized 1.3 billion kuna, said Jagnjić. She reminded that HBOR was established in 1992 and is wholly owned by the Republic of Croatia.
According to her, during these 16 years, the Croatian Bank for Reconstruction and Development has financed and allocated funds related to the development of the economy, tourism, agriculture, and all other programs that promote employment and exports, which are the core functions that HBOR encourages. She also expressed satisfaction with the operations of the HBOR regional office for Istria in Pula, which has contacted more than 1,700 interested parties or craftsmen since its opening in 2004. (Hina)
