Factsheet for case HR-2020-12/319 – Updated – measures in Croatia
|Country||Croatia , applies nationwide|
|Time period||Temporary, 19 March 2020 – 31 December 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Predrag Bejalovic (IJF) and Eurofound|
|Case created||06 April 2020 (updated 13 December 2020)|
In order to mitigate the negative effects of the COVID-19 (coronavirus) pandemic, and following the first set of measures adopted by the Croatian Parliament on 19 March 2020, Croatian Bank for Reconstruction and Development (HBOR) and Croatian Agency for SMEs, Innovation and Investment (HAMAG-BICRO) announced implementation of new measures to preserve the level of economic activity, the liquidity of economic operators and, most importantly, to preserve jobs. Mesures include possibility for entrepreneurs to introduce a moratorium and to reprogram their existing credit obligations to HBOR as well as easier approval of favorable liquidity loans in cooperation with commercial banks.
The following measures are implemented through the Croatian Bank for Reconstruction and Croatian Agency for SMEs, Innovation and Investment (HAMAG-BICRO):
Not yet known.
|Does not apply to workers||Applies to all businesses||Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
Due to the nature of measure social partners were not involved
Eurofound (2020), Measures of Croatian Bank for Reconstruction and Development (HBOR) and Croatian Agency for SMEs, Innovation and Investment (HAMAG-BICRO), case HR-2020-12/319 (measures in Croatia), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.