Article 1
Open ↗Implementing Decision (EU) 2020/1348 is amended as follows: (1) Article 2 is amended as follows: (a) paragraphs 1 and 2 are replaced by the following: ‘1. The Union shall make available to Croatia a loan amounting to a maximum of EUR 1 570 600 000. The loan shall have a maximum average maturity of 15 years. 2. The availability period for financial assistance granted by this Decision shall be 39 months starting from the first day after this Decision has taken effect.’; (b) paragraph 4 is replaced by the following: ‘4. The first instalment shall be released subject to the entry into force of the loan agreement provided for in Article 8(2) of Regulation (EU) 2020/672. Any further instalments shall be released in accordance with the terms of that loan agreement or, where relevant, be subject to the entry into force of an addendum thereto, or of an amended loan agreement concluded between Croatia and the Commission replacing the original loan agreement.’; (2) Article 3 is replaced by the following: ‘Article 3 Croatia may finance the following measures: (a) the job preservation subsidies in sectors affected by COVID–19, pursuant to Articles 35 and 36 of the “Labour Market Act” and as provided for in the Croatian “Employment Service decision of 20 March 2020” as last amended by a decision adopted on 31 May 2022; and (b) the aid for reduced working hours, pursuant to Articles 35 and 36 of the “Labour Market Act” and as provided for in the Croatian “Employment Service decision of 29 June 2020” as last amended by a decision adopted on 27 January 2022.’.