The official negotiations for the accession of the Republic of Croatia to the European Union (EU) were formally opened on 3rd October, 2005. With the start of the negotiations in 2005, the Republic of Croatia gained access to project financing through Phare, ISPA and SAPARD pre-accession programmes and since 2007 through the new IPA (“Instrument for Pre-accession Assistance”) pre-accession programme.

The EU pre-accession funds are funds allotted by the European Union to candidate states and potential candidate states for the purpose of assisting in completing the political, economic and institutional reforms required for accession to the EU. In addition to this, pre-accession funds are supposed to prepare the candidate states for the use of structural funds, the Cohesion Fund and the EU funds on offer in the areas of rural development and fisheries, which will be made available to the candidates once they have been admitted to full membership of the EU.

Even in this pre-accession period, both the public and the private sector in the Republic of Croatia have different opportunities of project financing through the IPA pre-accession programme.

The opportunities for development and investment projects will be expanded significantly once the Republic of Croatia has been admitted to full membership of the EU since considerably larger sources of financing will be available to it as a full member state.

HYPO bank recognized the needs and the interests of both the public and the private sector in financing through EU funds.

Through HYPO EU Desk services and Bank products we inform and advise our clients about the possibilities of participation in public tenders and provide the products and services which are necessary for a successful implementation of EU co-funded projects.

We are here for you as a reliable partner in all the stages of the complex application process and fund drawdown from EU programmes and funds.