The Commission informed HBOR of the successful completion of the Pillar Assessment for obtaining accreditation as implementing partner for EU centralised financial instruments.
In cooperation with an external auditor, the Commission assessed if HBOR complies with the demands of the Financial Regulation on the EU budget, including internal controls, external audits, accounting, financial instruments, financing access, publication of information on recipients, and personal data protection.
This "historic success" enables HBOR to directly apply for EU funds without mediators and creates new possibilities for developing innovative financial instruments, CEO Hrvoje Čuvalo said.