Croatia will receive a massive 665 million Euro financial windfall when the country joins the European Union on the 1st of July this year. In a European Commission proposal released this week it was revealed that the European budget will be amended to take into account Croatia’s entry. This amendment would mean that Croatia will receive 665.1 million in the first six months of its membership.
“From 1 July 2013 when Croatia joins the EU, says EU Commissioner for Financial programming and Budget Janusz Lewandowski, Croat regions and towns, small and medium-sized businesses, NGOs, scientists and others will be eligible for EU funds just like any other Member State. This amending budget simply implements the financial aspects of the unanimous agreement of EU Member State to welcome Croatia as the 28th Member of the European Union,” the Commission said in a press release.
A percentage of the funds will be used to implement the Schengen border regulations on Croatia as well as finance for security and justice.