Croatia: recent news highlights — Strategic Investment Act and proposed new act on maritime goods and sea harbours
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 HRK150m (£16m) or more.
If it is possible to co-finance the project with EU funds, this amount can be equal to or greater than HRK75m. 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 HRK20m.
In addition to the financial criteria, the criteria regarding the scope of activities pertaining to the strategic project must also be fulfilled…
Click on the link below to read the rest of the Karanovic & Nikolic briefing.
News from Karanovic & Nikolic
Briefings from Karanovic & Nikolic
The Parliament of the Republic of Serbia adopted amendments to the Labour Law on 18 July 2014.
The Croatian Ministry of Justice has recently changed its practice and has begun consenting to the purchase of real estate in Croatia by Russian citizens.
Analysis from The Lawyer
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe
Croatia is about to enter the EU, but the path to integration may not be smooth for the Balkan states