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COMPARISON OF THE USABILITY OF EU FUNDS IN THE REPUBLIC OF CROATIA WITH THE COUNTRIES THAT HAVE SIMILAR ECONOMIC INDICATORS

EU funds are the funds from the EU budget that provide numerous opportunities in the development of the economy, whether it is a public or private sector. The European Union, through various assistance programs, seeks to improve the development of all its parts. Since a European system was essentially provided in which good ideas and work are valued, anyone can contribute to this environment, starting from an individual, to any group or company. The aim of this paper is to conduct a study that will show how successful Croatia is in the use of EU funds compared to other EU countries that have similar economic indicators and problems. Over the years, the European Union has developed a wide range of funding opportunities through EU funds, to help less developed regions and strengthen the competitiveness of the whole community. The question arises as to how much Croatia and other observed countries withdrew from the funds over certain years and what they used the obtained funds for. In order for the Republic of Croatia to be successful in the use of EU funds in the future, it is necessary to eliminate all causes of inefficiency in this process, and ultimately create projects that will raise the level of development. Withdrawing money from an EU fund alone is not a guarantee of success and economic growth, it is important to focus on choosing the right projects and focusing on the most affordable and compatible tenders. The results of the research showed and proved the first hypothesis that the Croatian state has the lowest percentage of utilised EU funds in the last accounting period, which can be largely attributed to insufficient information of Croatian citizens about EU funding opportunities and a small number of professionals and qualified persons engaged in writing and analysing projects. This is an area where everyone can contribute, from an individual to a group of people, any group or company, because essentially a European system has been created in which good ideas and work are valued.

EU fund, pre-accession funds, Cohesion Fund, grants

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