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Research on the Impact of the Development Agency and EU Funded Projects on the Economic Development of the Region

EU funds represent a significant source of project funding, which can have a particularly positive impact on the economic and infrastructure development of rural and less developed areas. Organizations in these areas (regardless of whether they are economic entities, non-profit sector organizations or local / regional self-government units) should achieve their competitiveness by implementing growth and development projects. However, they often do not have sufficient internal capacity to prepare and / or implement such projects. Small local self-government units, small budgets, lack of financial resources and insufficient human resources are challenges that force different thinking and different structuring of business. One of the recognized solutions to the aforementioned problem are development agencies, within which there are internal capacities that primarily relate to competent employees who are trained for the preparation and implementation of projects funded by EU funds. By cooperation of aforementioned organizations and development agencies, it is possible to achieve a synergistic effect and significantly increase the possibility of project success and indirectly influence the development of the regions within which the organizations are located. Development Agency TINTL operates in the area of eastern Croatia, which was significantly affected by the Homeland War and the economic crisis, and which, thanks to the establishment of inter-municipal cooperation with the development agency's resources, is becoming an example of efficient use of EU funds. By Croatian accession to the European Union the market has diversified, and business has become dependent on innovation and transition, which many stakeholders seek to finance with EU funds. In this paper, the authors explore the scope of the Development Agency TINTL and, by analysing of the implemented EU projects in which it participated, prove its impact on the economic development of the region (eastern Croatia).

competitiveness, Development Agency TINTL, EU funds, project management, economic development

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