Croatia is set to adopt a new strategy for national growth designed by the European Bank for Reconstruction and Development. The country’s new development blueprint is expected to further facilitate economic growth and its anticipated EU accession, according to a press release from EBRD.
The new strategy recognizes the significance of structural and institutional reforms in relation to EU accession talks. Key pre-accession challenges that were identified include the improvement of business climate, privatization of state-owned companies, commercialization of infrastructure, and labor-force capacity building and flexibility.
EBRD is a major investor in Croatia’s economy. Its annual meeting will be held May 14-15 in Zagreb, the capital of Croatia.