In early 2018, the Croatian Government passed a decision on promoting several investment opportunities to a “strategic projects” category, making them eligible for simplified and speedy procedures.
The Croatian Government passed a decision on declaring several new projects as “strategic projects”, by which the list of strategic projects expands to over twenty in total. These new projects include:
- Petrinja Water Supply, Wastewater and Water Treatment Project
- Regional Water Supply Project – Zagreb County – Zagreb East
- Umag – Savudrija – Novigrad – Urban Agglomeration Project
Croatia is also moving forward with the Krk LNG import project. The LNG import terminal had been declared as a strategic project back in 2015. The Croatian Government adopted additional measures in 2016 on speeding up the development, and, in 2018, on developing the project in two phases. The first phase includes setting up of a floating storage and regasification unit while the second phase entails the construction of a land-based LNG import facility.
Unofficially, one of the biggest Croatian shipyards will soon be looking for strategic investors. The European Commission has recently cleared rescue aid for Croatian shipbuilder Uljanik, while the Croatian Government undertook to work out a sound restructuring strategy to ensure Uljanik’s future. The restructuring plan will most probably include the search for the strategic investor that will return the company to long-term viability without continued public support, to preserve jobs in Istria on a sustainable basis.
More available here.
Co-authored by Jelena Bosnjak.