European funds are financial instruments used to implement specific public policies of the European Union in its Member States. These funds represent the resources of EU citizens and are allocated, in accordance with defined rules and procedures, to various beneficiaries for the implementation of projects that contribute to achieving key EU policy objectives.
EU public policies are adopted for a seven-year period, known as the financial perspective. We are currently in the 2021–2027 financial perspective, within which Croatia has approximately €25 billion available. This amount includes approximately €14 billion from the Multiannual Financial Framework (MFF), planned over a seven-year period, and approximately €11 billion from the Next Generation EU (NGEU) instrument, established to support recovery from the coronavirus pandemic.