Are there any governmental incentives for the planting of olives in Croatia?
There are 4.2 million olive trees growing in Croatia, or, about one tree per person. According the recent governmental incentives in Croatia, it is expected that 5500 hectars of new olive plantations will be raised by 2007. Presently, the government sponsors each olive cutting with 90 cents, while new olive plantations are supported with a 3,000 USD grant per hectar. Olive growers are also eligible for loans ranging from 12,000 245,000 USD with a 4% interest rate, grace period of 5 years and repayment period of 15 years. The recent governmental incentives resulted in the revival of olive growing in Croatia and the planting of new 500.000 olives last year only.
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- Are there any governmental incentives for the planting of olives in Croatia?
