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EC oks redirection of 361 mln euro in Cohesion funds to Croatia's SMEs Photo: Vjeran Zganec-Rogulja/PIXSELL ZAGREB (Croatia), December 22 (SeeNews) - The European Commission said it approved the redirection of 361 million euro ($442 million) from the Cohesion Fund to support coronavirus-hit small and medium-sized enterprises (SMEs) in Croatia. "The pandemic and its economic and social effects are still very present. I commend Croatia’s decision to use the flexibility provided under the Coronavirus Response Investment Initiative [CRII] to reinforce the measures mitigating t...

EC oks redirection of 361 mln euro in Cohesion funds to Croatia's SMEs Photo: Vjeran Zganec-Rogulja/PIXSELL ZAGREB (Croatia), December 22 (SeeNews) - The European Commission said it approved the redirection of 361 million euro ($442 million) from the Cohesion Fund to support coronavirus-hit small and medium-sized enterprises (SMEs) in Croatia. "The pandemic and its economic and social effects are still very present. I commend Croatia’s decision to use the flexibility provided under the Coronavirus Response Investment Initiative [CRII] to reinforce the measures mitigating t...