{"id":1878,"date":"2026-10-28T13:18:41","date_gmt":"2026-10-28T12:18:41","guid":{"rendered":"https:\/\/omniasolutions.hr\/?p=1878"},"modified":"2026-10-28T18:02:38","modified_gmt":"2026-10-28T17:02:38","slug":"eu-budget-2028-2034-cuts-innovation-businesses","status":"publish","type":"post","link":"https:\/\/omniasolutions.hr\/en\/eu-budget-2028-2034-cuts-innovation-businesses\/","title":{"rendered":"EU budget 2028\u20132034: the October 2026 cuts and what they mean for innovation funding and Croatian businesses"},"content":{"rendered":"\n

Negotiations on the European Union’s multiannual financial framework (MFF) for 2028\u20132034 have entered the decisive phase. On 10 October 2026, the Irish Presidency of the Council of the EU proposed a budget of EUR 1,825 billion, EUR 159 billion (8%) less than the European Commission’s proposal, with the deepest cuts to competitiveness, defence and external action. Horizon Europe, the main EU programme for research and innovation, would fall from EUR 175 billion to EUR 158 billion. EU heads of state or government discussed the budget for the first time on 15 and 16 October and kept the goal of an agreement by the end of 2026, while European Council President Ant\u00f3nio Costa announced his own proposal with figures by the end of November, ahead of the European Council meeting dedicated to the budget on 26 and 27 November 2026.<\/strong><\/p>\n\n\n\n

This analysis covers the three budget proposals and their figures, the European Council conclusions, the Council’s position on Horizon Europe, the implementation of the Draghi recommendations one year on, and what all of this means for businesses in Croatia planning projects for 2027 and 2028. It follows our June 2026 analysis<\/a>. Figures are based on official sources and on reports by Agence Europe, Euronews, EUA and EPRS as of 28 October 2026.<\/p>\n\n\n\n