The European Investment Bank (EIB) has approved a €200 million loan to the Croatian Bank for Reconstruction and Development (HBOR) to support investments by Croatian companies and public entities. The financing is intended to mobilize growth, modernize the economy, and create or safeguard jobs, reinforcing the EIB Group’s long-term commitment to sustainable development in Croatia.
EIB Vice-President Marko Primorac emphasized that the partnership with HBOR transforms European financing into tangible investments that drive the green transition, safeguard employment, and enhance competitiveness. Hrvoje Čuvalo, President of HBOR’s Management Board, highlighted that the agreement continues a 25-year cooperation with EIB, through which nearly €4 billion has already been provided for Croatian projects. The new funds will strengthen investment cycles, particularly in green transition initiatives, modernization, and public infrastructure development.
The financing will be directed to mid-sized companies, larger firms, and public-sector project promoters. It will support new production facilities, business expansion, modernization, energy efficiency, renewable energy, and infrastructure projects. At least 30% of the loan is expected to go toward climate action and environmentally sustainable investments, helping companies reduce energy costs and strengthen long-term competitiveness.
By offering long-term financing on favorable terms, the EIB loan enables businesses to plan confidently and invest in growth. It also supports economic and social cohesion by promoting employment and development across all regions of Croatia.
This operation builds on the strategic partnership between EIB and HBOR, which since 2001 has delivered nearly €4 billion in financing, reaching thousands of companies and public investments. The collaboration also extends to the European Investment Fund (EIF), maximizing the impact of EU funds in Croatia and aligning financing with national and European priorities.
