€1m to be allocated to Croatian companies for quality marks

€1m to be allocated to Croatian companies for quality marks

€1m to be allocated to Croatian companies for quality marks Izvor: Dusko Jaramaz/PIXSELL

Croatian Chamber of Economy (HGK) and the Economy Ministry have signed an agreement in the implementation of the Marks of Quality project, which will allocate grants to micro, small, and medium-sized companies, HGK said on Wednesday, adding that 7.5 million kuna (€1 million) was earmarked for the project.

The funds, for which businesses can apply until June 2020, come from the European Regional Development Fund. The maximum amount of a single grant is 75,000 kuna (€10 000).

The aim of the project is to make Croatian products and services more visible and recognisable, which will increase the enterprises’ sales revenues, exports and overall competitiveness, said Luka Burilovic, head of HGK.

Quality marks will contribute to the added value of a product or service and make the identity of quality Croatian products recognisable on the common and global markets, he added.

This is an opportunity for every micro, small and medium-sized enterprise to acquire the right to use HGK's Croatian Quality and Croatian Creation marks, the HGK said.

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