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Minister says absorption of EU funds in Croatia on rise

ZAGREB, Sept 24 (Hina) - The level of absorption of the European Union's Pre-Accession IPA funds in Croatia rose to 53.2% in the first eight months of 2012 from 37% last year, and our plans are to raise the absorption level to 60% of the total allocation, Croatia's Deputy Prime Minister and Regional Development and EU Funds Minister Branko Grcic said at a conference held in Zagreb on Monday on the occasion of the completion of a project within the IPA – Component IIIC on regional development.

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