Strategic Investment Act
The new Act on Strategic Investment in Croatia has achieved its
goal of reducing administrative procedures and ensuring the speedy
realisation of strategic projects in Croatia. In order to declare a
project "strategic," it must meet several criteria.
Foremost, the project must be in accordance with spatial planning
regulations. Also, the total amount of capital expense must be HRK
150 million (approx. EUR 19.6 million) or more.
If it is possible to co-finance the project with EU funds, this
amount can be equal to or greater than HRK 75 million (approx. EUR
9.8 million). If the project is being carried out on an island or
in local or regional municipalities that have a lower than average
level of development than the rest of Croatia, or the project is
related to agriculture and fishery, the total amount of capital
expense can be equal to or greater than HRK 20 million (approx. EUR
2.6 million).
