The Croatian Financial Services Supervisory Agency (Hanfa) and the Ministry of Finance presented Croatia’s Strategic Framework for Capital Market Development 2025–2030 and its accompanying Action Plan, with Hanfa assigned a key role in drafting and implementation. The framework aims to improve capital market liquidity, increase retail investor participation, and strengthen market stability and security, with digitalisation positioned as a core driver of modernisation. The strategy sets out five development levers: regional integration, digitalisation, improved corporate governance, increased liquidity, and the development of new investment instruments. Hanfa indicated it will work on optimising the regulatory framework to improve market efficiency, transparency and analytical capabilities, while the Ministry of Finance linked the programme to an objective of securing an “emerging market” classification to increase attractiveness to global investors. The Strategic Framework has entered a public consultation phase via e-Consultations, and the Ministry of Finance, Hanfa and the European Bank for Reconstruction and Development highlighted the need for continued cooperation with market participants to support implementation of the Action Plan measures.
Croatian Financial Services Supervisory Agency 2025-02-21
Croatian Financial Services Supervisory Agency assumes key implementation role in Croatia’s 2025–2030 capital market development framework as consultation opens
The Croatian Financial Services Supervisory Agency and Ministry of Finance unveiled Croatia’s Strategic Framework for Capital Market Development 2025–2030, emphasizing digitalisation as a key driver. The strategy focuses on regional integration, digitalisation, corporate governance, liquidity, and new investment instruments, with Hanfa optimizing the regulatory framework. It aims to enhance market liquidity, retail investor participation, and stability, aligning with the goal of achieving an "emerging market" classification.