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Croatian Bank for Reconstruction and Development (Croatian : Hrvatska banka za obnovu i razvitak, HBOR) is Croatia's national development bank. Its task is the promotion of the development of the Croatian economy by extending loans, insuring export transactions against political and commercial risks, issuing guarantees, and providing business advice. [1]
The economy of Croatia is a developed mixed economy. It is one of the largest economies in Southeast Europe by nominal gross domestic product (GDP). It is an open economy with accommodative foreign policy, highly dependent on international trade in Europe. Within Croatia, economic development varies among its counties, with strongest growth in Central Croatia and its financial centre, Zagreb. It has a very high level of human development, low levels of income inequality, and a high quality of life. Croatia's labor market has been perennially inefficient, with inconsistent business standards as well as ineffective corporate and income tax policy.
The economy of Slovenia is a developed mixed economy. The country enjoys a high level of prosperity and stability as well as above-average GDP per capita by purchasing power parity at 91% of the EU average in 2023. The nominal GDP in 2023 is 68.108 billion USD, nominal GDP per capita (GDP/pc) in 2023 is USD 32,350. The highest GDP/pc is in central Slovenia, where the capital city Ljubljana is located. It is part of the Western Slovenia statistical region, which has a higher GDP/pc than eastern Slovenia.
The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States; it is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries. It is the first of five member institutions that compose the World Bank Group. The initial mission of the IBRD in 1944, was to finance the reconstruction of European nations devastated by World War II. The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively known as the World Bank as they share the same leadership and staff.
The European Bank for Reconstruction and Development is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies.
Ivan Mažuranić was a Croatian poet, linguist, lawyer and politician who is considered to be one of the most important figures in Croatia's political and cultural life in the mid-19th century. Mažuranić served as Ban of Kingdom of Croatia-Slavonia between 1873 and 1880, and since he was the first ban not to hail from old nobility, he was known as Ban pučanin.
Mostar is a city and the administrative centre of Herzegovina-Neretva Canton of the Federation of Bosnia and Herzegovina, an entity of Bosnia and Herzegovina, and the historical capital of Herzegovina.
The Government of Croatia, formally the Government of the Republic of Croatia, commonly abbreviated to Croatian Government, is the main executive branch of government in Croatia. It is led by the president of the Government, informally abbreviated to premier or prime minister. The prime minister is nominated by the president of the Republic from among those candidates who enjoy majority support in the Croatian Parliament ; the candidate is then chosen by the Parliament. There are 20 other government members, serving as deputy prime ministers, government ministers or both; they are chosen by the prime minister and confirmed by the Parliament. The Government of the Republic of Croatia exercises its executive powers in conformity with the Croatian Constitution and legislation enacted by the Croatian Parliament. The current government is led by Prime Minister Andrej Plenković.
Stari Most, also known as Mostar Bridge, is a rebuilt 16th-century Ottoman bridge in the city of Mostar in Bosnia and Herzegovina. It crosses the river Neretva and connects the two parts of the city, which is named after the bridge keepers (mostari) who guarded the Stari Most during the Ottoman era. During the Croat–Bosniak War, the Army of the Republic of Bosnia and Herzegovina used the bridge as a military supply line, and the bridge was shelled by the Croatian Defence Council (HVO) and collapsed on 9 November 1993. Subsequently, the bridge was reconstructed, and it re-opened on 23 July 2004.
The IDBI Bank Limited is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India (LIC) and Government of India. It was established by Government of India as a wholly owned subsidiary of Reserve Bank of India in 1964 as Industrial Development Bank of India, a Development Finance Institution, which provided financial services to industrial sector. In 2005, the institution was merged with its subsidiary commercial division, IDBI Bank, and was categorised as "Other Development Finance Institution" category. Later in March 2019, Government of India asked LIC to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. Consequent upon LIC acquiring 51% of the total paid-up equity share capital, the bank was categorised as a 'Private Sector Bank' for regulatory purposes by Reserve Bank of India with effect from 21 January 2019. IDBI was put under Prompt Corrective Action of the Reserve Bank of India and on 10 March 2021 IDBI came out of the same. At present direct and indirect shareholding of Government of India in IDBI Bank is approximately 95%, which Government of India (GoI) vide its communication F.No. 8/2/2019-BO-II dated 17 December 2019, has clarified and directed all Central/State Government departments to consider IDBI Bank for allocation of Government Business. Many national institutes find their roots in IDBI like SIDBI, EXIM, National Stock Exchange of India, SEBI, National Securities Depository Limited. Presently, IDBI Bank is one of the largest Commercial Banks in India.
The Chernobyl Shelter Fund (CSF) was set up in December 1997 with the purpose of funding the Shelter Implementation Plan (SIP). The aim of the fund is to create conditions for the dismantling and decomposition of the radiation contaminated structures. At the end of the eight- to nine-year project, estimated to cost US$768 million, the Shelter will be transformed into a stable and environmentally safe system for an estimated 100 years. The most visible aspect of this transformation is the construction of the New Safe Confinement. The European Bank for Reconstruction and Development (EBRD) was entrusted with managing the CSF.
The A5 motorway is a motorway in Croatia spanning 83.6 kilometres (51.9 mi). It connects Osijek, the largest city in Slavonia region, to the Croatian motorway network at the Sredanci interchange of the A3 motorway. The A5 represents a significant north–south transportation corridor in Croatia and is a part of the European route E73. The A5 motorway route also follows Pan-European corridor Vc. In addition to Osijek, the A5 motorway also passes near Đakovo and Beli Manastir.
Croatia and India officially established diplomatic relations on 9 July 1992 following Croatia's independence from SFR Yugoslavia.
Energy in Croatia describes energy and electricity production, consumption and import in Croatia.
Martina Dalić is a Croatian economist and finance official who was a Deputy Prime Minister of Croatia and Minister of Economy, Small and Medium Entrepreneurship and Crafts in the Cabinet of Andrej Plenković.
The Ombla is a short river in Croatia, northeast of Dubrovnik. Its course is approximately 30 metres long, and it empties into the Rijeka Dubrovačka, ria formed by the Adriatic Sea near Komolac in Dubrovnik-Neretva County. Rijeka Dubrovačka is actually a ria, a flooded river valley formed through changes in sea surface elevation on a geologic time scale. The river rises as a karst spring fed by groundwater replenished by Trebišnjica, which is an influent stream flowing in Popovo Polje, in the immediate hinterland of the Ombla. The elevation difference between the river's source and its mouth is just over 2 metres. The average discharge of the river is 24.1 cubic metres per second. The drainage basin of the Ombla encompasses 600 square kilometres and, besides the short surface course, includes only groundwater flow.
Croatia adopted the euro as its currency on 1 January 2023, becoming the 20th member state of the eurozone. A fixed conversion rate was set at 1 € = 7.5345 kn.
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by environmental and social safeguards.
Ukraine Recovery Conference is an annual international event dedicated to discussions on the rebuilding and reconstruction priorities of Ukraine due to the Russian invasion of Ukraine.
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