Saturday, 17 November 2018

Investment in Croatia: 150 Million Kuna for Primorje-Gorski Kotar County

Whether it be big or small, investment in Croatia with the help of European Union funds continues to keep the country's offer competitive.

As Morski writes on the 17th of November, 2018, in one port area in Primorje-Gorski Kotar County, the biggest investment cycle so far has begun. ​​Of the massive 150 million kuna investment, as much as 60 million kuna are the projects of the County Port Authority of Crikvenica, and works in Jadranovo, Crikvenica and Selce will begin next week, according to HRT Radio Rijeka.

The project's contractors are Crikvenica Construction and Rijeka BSK Commerce. The completion of the port extension has been announced in Crikvenica for eighteen months time, that in Selce will be done in five years, and in Jadranovo, the expected time limit is one year, with the overall desire for it to be completed before next summer.

Speaking generally, investment in Croatia is a hugely important step in continually improving the country's already rich offer, and Primorje-Gorski Kotar County has not launched such a large investment cycle in its coastal area ever, County Prefect Zlatko Komadin said. This year, 40 million kuna's worth of works began, while the rest of the investment cycle is expected to reach 150 million kuna in the next two years. Along the coast in the Crikvenica area, there also will be works on the ports of Unije, Susak, and Cres. The views of places and cities are changing, which is already evident in Njivice (Krk) and in Novi Vinodolski, and such changes will soon also be seen in Crikvenica, noted the prefect. Komadina also pointed out that they have withdrawn most possible European Union incentives for the upcoming works.

Nada Milošević stressed that as much as 101 million kuna is coming from EU funds. "The Ministry's contingency has been extended until February the 29th next year, so we're planning to run two more projects in addition to the Crikvenica project, involving Rab and Purpurela ports, part of the fishing port and the extension of the Baška port," said Milošević.

The director of ŽLU Crikvenica, Mario Kružić, announced that in Crikvenica, the existing pier will be extended by another sixty metres, and a new western breakwater of 130 metres in length will be built to protect the port from waves. Two existing gates will be built in Selce on Polača and Stari mul, which will be 100 metres longer. In Jadranovo, the plans are the construction of a new promenade of about 400 metres in length, and in Perčin port, the communal berths will be renovated, and in the concessioned area, nautical berths will be constructed. The plan also boasts an 80-metre deep breakwater pontoon, as well as the construction of two piers at lengths of sixty metres.

Work should begin next week, and Crikvenica's administration has asked tourists and citizens alike for their patience, as heavy machinery will be moving through the city streets.

Want to keep up with more news on investment in Croatia, EU funds and other big projects? Make sure to follow our business page for much more.

Click here for the original article by Neva Funcic for HRT Radio Rijeka

Tuesday, 13 November 2018

Investment in Tourism: After Zagreb, Hilton Looks to Coast

After finding its place in the country's capital, Hilton is looking for further potential locations and opportunities along the Croatian coast for its Canopy hotels as Cappelli cites an investment in tourism for 2019.

As we reported yesterday, in a huge investment in tourism, Canopy by Hilton has found its way to the Croatian capital of Zagreb, but the search for possible hotel locations isn't over for the highly respected hotel company yet. 

As Marija Crnjak/Poslovni Dnevnik writes on the 12th of November, 2018, the brand nurtures local culture, and this is Canopy by Hilton's very first hotel in continental Europe. After the opening in Zagreb, such hotels in desirable European capitals are set to open, including London, Madrid, and Paris.

Hotel Canopy by Hilton, a massive eight million euros worth of investment by Hrvoje Pezić's Zagreb City Hotels company, was opened on Monday in Zagreb's Branimir Centre.

The lifestyle brand is, as stated, set to take numerous other European cities. It nurtures local culture, and domestic designers, including Studio Franić and Šekoranja, as well as Croatian furniture manufacturers, who are engaged in decorating the Zagreb hotel, as pointed out from Hilton.

In the hotel itself, you can find various pieces of Zagreb's long history, from folklore to its rich scientific and industrial heritage, as well as some of the capital city's typical traditional dishes presented in a new, modern way at the ReUnion restaurant.

The hotel boasts 151 rooms, a restaurant and bar, a fitness room, a retreat room, a transfer room and two meeting rooms.

''After DoubleTree, we're opening Canopy, and we're expecting the opening of Garden Inn next year. We're exceptionally proud of this hotel and we're happy to have had such good cooperation. Croatia is an extremely important market for Hilton. It has a wonderful coastline and we're already looking to expand there and develop our hotels there, but the City of Zagreb is also of utmost importance because it's growing, and we also want to participate in that,'' stated Alan Mantin, Managing Director of Hilton for the development in southern Europe.

Tourism Minister Gari Cappelli emphasised that this investment with the world-renowned brand will contribute to the even better positioning of Zagreb as well as Croatia as a destination which boasts a high quality offer.

Want to keep up with more news on hotel openings, investments in tourism, or just news in Zagreb? Make sure to follow our travel, lifestyle, and Total Zagreb pages for much more.

Click here for the original article by Marija Crnjak for Poslovni Dnevnik

Tuesday, 6 November 2018

Investment in Tourism: Cash Injection for Dubrovnik's Hotel Bellevue

Investment in tourism is a machine boasting many wheels which must keep turning and following world tourism trends on a constant basis.

Stagnation in the tourism sector has been threatening Croatia following a few record tourism years, and while many expected such a drop as more of the country's older tourism rivals recover respectively, just how can Croatian hotels keep their rooms full and their offer hot in the face of strong competition from long-time tourism kings like Spain and nearby Greece?

As Poslovni Dnevnik writes on the 6th of November, 2018, over the now rapidly approaching winter period, the well-respected Adriatic Luxury Hotels hotel group will continue its massive investment cycle and focus on properly restoring and redoing some of their highest category hotels located in one of the country's most popular tourist destinations, southern Dalmatia's Dubrovnik area.

After the luxurious ''doing up'' of two top Dubrovnik hotels, Hotel Kompas (Lapad) and Hotel Excelsior (Sveti Jakov area), Adriatic Luxury Hotels have announced that the same will be done to another of their high-end hotels, Hotel Bellevue, which closed its doors to guests on October the 31st this year, in order to prepare for the huge renovation works of the hotel's accommodation facilities and part of the hotel's interior which are due to begin during the winter.

Adriatic Luxury Hotels will invest more than 400,000 kuna per room in the upcoming complete re-doing of the top hotel's rooms and apartments, representing the first significant investment in Hotel Bellevue since its inauguration over a decade ago, back in 2006.

The Portuguese design studio Tereza Prego is heavily engaged in the project, specialising in the interior design of exclusive hotels and other high-end residences.

As things currently stand, it seems that the redesigned Hotel Bellevue will be ready by the spring of 2019.

Click here to see just how the hotel will look upon opening its doors early next year.

Want to keep up to date with Croatia's investment in tourism and see if any hotels in an area you're planning to stay in are about to undergo makeovers? Make sure to follow our business page.

Friday, 2 November 2018

Doing Business in Croatia: Sun and Sea Aren't Enough to Attract Investors

Doing business in Croatia is always a hot topic, especially when it comes to listing the long list of negative experiences people have endured and hoops they have had to jump through in order to get a basic task done. While this isn't always the case, it's certainly the rule more than it is the exception, but just when will Croatia learn that the ease of doing business is far more likely to attract potential investors than natural beauty is?

As Ana Blaskovic/Poslovni Dnevnik writes on the 1st of November, 2018, not much has come from the grandiose announcements made by Andrej Plenković earlier this year that 2018 will be the year of reforms for Croatia. 

Many people will simply make such a statement for the sake of making it, to keep up the tradition of disliking politicians and the political system, or simply as a protest against the current prime minister, but despite all of the above, this isn't a malignant interpretation, but a concerning one stated on the Doing Business World Bank scale. Croatia held 51st place last year when it came to the ease of doing business, but in 2018, Croatia returned to 58th place among 190 countries across the world.

The year of reforms indeed.

Discussions about methodology and criteria when it comes to doing business in Croatia can of course be debated and argued over, but they are the same for everyone and whatever conclusion one may arrive to, ultimately, nothing can change the fact that the number on the aforementioned scale is an unfavouravle one, and such scales are a very important tool when it comes to investors deciding whether or not to bring their capital, their skills and know-how, and open jobs here in Croatia, or simply to go somewhere else. The average start-up time for doing business in Croatia is a rather uninspiring 22.5 days, in neighbouring Serbia it is typically 5.5 days, and in Slovenia, it usually takes 8 days.

These figures perfectly illustrate the two areas that remain ''cancerous'' to the system and hinder any progress - the judiciary and of course, the public administration. Although a company's name can be electronically registered at a commercial court, that same court needs an average of two entire weeks just to issue a piece of paper confirming it, and without them and their pieces of paper, it's impossible to open a company bank account or design and make a company stamp.

The worst of the worst in this situation appears to relate to construction licenses (159th place in the world) where instead of simplification, four new procedures have conveniently been added, so that the process lasts for an utterly ridiculpus 146 days. In a rather embarrassing comparison, Serbia is at 11th place with a 40-day shorter process.

There is a proverbial sea, no, ocean, of such examples and the naked truth is simple yet brutal: Croatia is definitely going in the right direction and is making a lot of progress, but other countries are simply doing much more.

It's now high time that the Croatian Government realised that Croatia is not above any other country, and that investments don't come knocking at the door because of natural beauty, warm weather and a nice beach or two, but owing to the ease of doing business, which should be any normal country's top priority.

With investors frequently having nothing but complaints, red tape taking an insane amount of time to get through and money simply being lost in the ''Bermuda Triangle'' that is Croatia, all while trying to make a stamp as if we've taken a trip back to the 20th century, the question is - when will the penny finally drop?

Want to keep up with the business, investment and economic news in Croatia? Make sure to follow our business page.

 

Click here for the original article by Ana Blaskovic for Poslovni Dnevnik

Saturday, 20 October 2018

Can Croatia Go Digital?

Can Croatia follow the shining examples of Denmark and Estonia and move forward in digitisation?

Thursday, 18 October 2018

Valamar Riviera, Atlantic and Croatian Telecom Have Best Relations With Investors

Awards for Croatian companies for their relations with investors.

Thursday, 11 October 2018

American Entrepreneurs Seek Investment Opportunities in Croatia

Croatia is of particular interest to several...

Wednesday, 10 October 2018

Large Tourism Investment Coming to Novigrad

An enormous investment cycle will bring Novigrad to the forefront.

Friday, 21 September 2018

Railways, Tourism and Ports Interest Chinese Investors

''The economic and political relations with the country in which he wants to invest are taken into account by every Chinese investor.''

Friday, 14 September 2018

Klis Creates Project for Luxury Hotel, Searches for Investor

The Klis Municipality in Dalmatia has taken the initiative and provided the complete infrastructure for potential investors, and on the same plot, it has been made possible to build additional ten villas as well as the hotel itself.

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