The Croatian Parliament will start its session on Wednesday discussing amendments to the Law on Subsidizing Housing Loans, which defines a three-year program for subsidizing housing construction. Ministers Darko Horvat, the economy minister, and Fabris Peruško, the government's special envoy, are expected to present a report on the operation of Agrokor at the Economy Committee.

The amendments to the Law on Subsidizing Housing Loans are intended to ensure the continuation of that measure in the next three years, after the Government has already approved 2,320 such requests.

According to the proposal, subsidies will range from 30 to 51 percent of the monthly loan rate, depending on the development index of the city or municipality, and the competition can be expected in September.

The law also provides for a significant increase in allocations from the budget for this purpose. In 2017, 17.5 million kuna were secured, 42 million kuna were planned for 2018, and 35 million kuna for the following two years.

From the Government, it is stated that the legislative changes are also a contribution to strengthening demographic measures, as the period of subsidization is extended by two years for each born or adopted child during the period of subvention.

The interest rate should not be higher than 3.75 percent, and the Government expects that the rate on the competition for the selection of banks and rates will be lower.

The daily agenda of the Parliament for Wednesday also includes discussions on the package of judicial laws, which aims to make courts more efficient in order to resolve as many cases as possible.

Source: narod.hr

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