For its manufacturing capacity expansion project, JGL has been awarded a record €21 million in tax incentives by the Ministry of Economy, in accordance with the Investment Promotion Act.
The certificate of support was presented to Dino Ćoza Saršon, Deputy President of JGL’s Board of Directors, by Minister of Economy Ante Šušnjar at the “Economic Dialogue: Investment, Innovation and Industry” conference, held on 12 December 2025 in Zagreb.
"Securing a record €21 million in tax incentives comes at a time of strong investment momentum for our company, as we modernise and expand our production capacities to meet market needs and higher regulatory standards. These incentives give us a powerful boost at a moment when we’re working at full speed, while looking even further ahead. The continuous, long-standing support of the Ministry of Economy and the Croatian Bank for Reconstruction and Development (HBOR) has been crucial for the implementation of our capital investments, confirming their role as two key pillars of stable financing, innovation and long-term sustainable growth," said Ćoza Saršon, emphasising the importance of a strategic partnership between the state and the business sector. Such partnership, he noted, provides the framework needed for economic development to be planned, financed and implemented in the long term rather than in an ad hoc manner.
The project for which JGL received tax incentives relates to increasing production capacity through investment in construction and equipment in the city of Rijeka. The total project value is almost EUR 58 million, it will run until 2026, and it will create 25 new jobs.
Tax incentives are one of the most important economic policy instruments, allowing a 100% reduction of the corporate income tax rate. This latest incentive continues a series of tax benefits granted to JGL over the years, amounting in total to EUR 55.5 million. A brief reminder of previous incentives:
Project INTEGRA (2020-2023): EUR 11.5 million
Project Digitalisation and Development (2017-2020): EUR 4 million
Project Svilno 2 (2013-2016): EUR 15 million
Project Svilno 1 and Pulac (2009-2012): EUR 4 million