The regulation specifies details that must be given in the application for incentives in line with the Investment Stimulation and Promotion Act and in the report on the use of investment incentives.

Economy Minister Ivan Vrdoljak said that the regulation also tackled "the legal void in protecting investors". He explained that investors who had filed applications without proper forms would be allowed to add required details to the documentation, after which everything they had invested and planned would be recognised.

Enterprise Minister Gordan Maras said that the Investment Stimulation and Promotion Act, which was passed late last year, had improved the investment climate in the country.

Within three months of the law taking effect, the Enterprise Ministry received over 80 applications for grants for investments, worth HRK 2.4 billion in total, Maras said, adding that it was "a big step forward".

The government invited the shareholders in the Brodotrogir shipyard to give the Republic of Croatia the authority to sign an agreement with the investor, Kermas Energija, for the sale and transfer of those shares at a rate of one kuna per share.

Vrdoljak said that the final text of the sales agreement for Brodotrogir would be tabled at the next government session, while the signing was planned for April 6.