GOVERNMENT: HAMAG-BICRO Guarantee Programme

Gordan Maras, Entrepreneurship and Crafts MinisterLPJ Issue 152, 12 October 2015

The government adopted a guarantee programme (i.e. “Portfolio Guarantee”) for the Croatian Agency for SMEs, Innovations and Investments (HAMAG-BICRO). The guarantees will be issued for amounts up to €65,000, covering between 10% and 80% of issued loans. The programme is valid through 31 December 2018 or until the end of the utilisation of credit resources.

The government also revised the target groups for the guarantee programs “EU beginner” and “Growing up together”, expanding the criteria for participating entrepreneurs operating from 2 to 5 years. Also, the government gave its consent to proposed amendments to the HAMAG-BICRO Statute, which allows the Ministry of Regional Development and EU Funds and HAMAG-BICRO to sign a financing agreement allowing HAMAG BICRO to implement financial instruments financed by the European Regional Development Fund (ERDF).

Proposed by: Ministry of Entrepreneurship and Crafts (MINPO)