Croatia EU Accession Comes With Financial Package
Croatian News
- Croatia Agrees To Boost Co-operation With Other Balkan Countries
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- Croatia Property Prices Continue To Fall
- Croatia EU Accession Comes With Financial Package
- Croatia Tourism Gets Repeat Business
- Croatia One Step Closer To EU Intergration
- Croatia Voted Top Ten Holiday Destination For 2010
- Dubrovnik A Top Five European Beach Destination
Date: 23.12.2009.
On monday the European Union General Affairs and External Relations Council in Brussels adopted a draft financial package for the first two years of Croatia\\\\\\\\\\\\\\\'s EU membership. The package has been prepared by the European Commission on the working assumption that Croatia will join the bloc in January 2012.
In the first two years of EU membership, namely in 2012 and 2013, a total of EUR 3.568 billion of EU budgetary funds will be allocated to Croatia. Croatia will be able to access most of this amount through Cohesion and structural funds and in the first two years it will be able to draw a total of EUR 2.205 billion.
This is excellent news for the Croatian property market, since inward investment will continue to improve the countries infrastructure and economy development, the combination of which will have a positive effect on real estate prices in Croatia.
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