Croatian Parliament on Friday changed the law on strategic investment projects with a view to facilitating investment in Croatia.
Croatian Parliament on Friday changed the law on strategic investment projects with a view to facilitating investment in Croatia.
Most of the previously reported investment projects had closed financial structure, and the changes in the law allows investors easier and more flexible filing financial documents related to the project.
The law is so far from investors sought to have closed financial structure, or fully secured funding of the project.
The novelty is that a private investor within 60 days of the Government’s decision to designate strategic project must submit to the Ministry of Economy has provided evidence that at least ten percent of the total project. This includes bank guarantee domestic or foreign bank or dedicated deposited term deposits for a period of nine months.
It is also news that interested investor private or public-private project report to the Agency for Investment and Competitiveness (AIK). If it is a project in the field of energy, is reported to the Center for Monitoring of the energy sector and investment (CEI).
An agreement on the preparation and implementation of projects with a private investor who enters the Minister of Economy requested the opinion and approval of the Ministry of Foreign and European Affairs and the State Attorney’s Office.
Commission for assessment and identification of proposals for strategic project has received so far 62 applications for projects that are looking for strategic status – three are declared strategic project (Plomin, Piškornica and Container terminal Zagreb pier), two are on the list of projects (LNG terminal and runway reconstruction of Flight port in Mali Losinj), and eight are in the final preparation for the Commission.
For changes to the law voted 79 deputies, against was 33.
Source: poslovni.hr