Hangar 18 Receives 124.000 Euros from EU Funds

Croatian Ministry of economy, entrepreneurship and craft has funded Hangar 18 to the amount of 124.000 euros of non-refundable EU funds, for a project named „Hangar 18 increase of international competitiveness“. The project has been entered into the small-to-mid-sized internationalization competition, phase two, with the total amount of funds adding to 202.150 euros.

Entrepreneurs from the Koprivnica-Križevci county have managed to procure almost 13,5 million euros of non-refundable funds from the European regional development fund. Over 65 projects which aim to increase competitiveness, small and mid-sized tourism entrepreneurship, the development of business infrastructure, innovations, competence and development, and business infrastructure development.

„The company will, within the scope of the project, attend two international exhibitions in Spain and Germany, with the project increasing the sales profits by 25 percent, the increase of export profits by 26 percent, the signing of three contracts on new markets, and the employment of at least one person,“ stated Mario Kralj, Hangar 18 CEO.

This will be an extra boost to the Hangar 18 company, headquartered in the town of Koprivnica, which seeks to make its NOA smartphone, TV and tablet brand available across the European market. This goal has recently been bolstered by the opening of a first NOA brand shop in Ireland, in one of the largest shopping centers in Dublin - Swords Pavillion.