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European Commission Approves Hbor Recapitalization
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Commission approves €411 million Croatian capital injection into development bank HBOR - The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com European Union News
(Credit: Unsplash) This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a €411 million capital injection by Croatia’s government into the national development bank Hrvatska Banka za Obnovu i Razvitak (‘HBOR’). The measure will be funded by the Recovery and Resilience Facility (‘RRF’) and will expand HBOR’s remit to support Croatia’s sustainable economic growth…
The measure seeks to strengthen innovation, social inclusion and environmental sustainability.
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