Saturday, 10 November 2018

Economic Boost: Cash for Regional Producer with Plants in Croatia

Is an economic boost on the horizon for one leading regional producer with two manufacturing plants based here in Croatia? An extremely large cash injection might suggest exactly that.

As Poslovni Dnevnik writes on the 10th of November, 2018, Addiko European Bank for Reconstruction and Development (EBRD) and Addiko Bank have approved the DIV Group, which is otherwise the leading regional hardware and metal solutions manufacturer, a financial package of a massive total value of 30 million euro.

The funds are intended for the further investment in the long-term development of the DIV Group, with the end goal to be an increase of overall energy efficiency, the strengthening of sustainable working capital, and the restructuring of the leading group's balance sheet.

DIV Group is the leading regional manufacturer of numerous items in the wider region, and it boasts two production plants in Croatia, a well as plants in neighbouring Serbia and in Bosnia and Herzegovina. Through continuous investments in modernisation, development, new technology and staff, DIV Group has become one of the strongest producers in the entire metal industry and as a well repected and well established supplier of equipment, in the eyes of both the railway program and the automotive industry, exporting about 90 percent of its production.

Addiko Bank Croatia is well known for providing an economic boost or two, part of an international financial banking group that actively supports the growth of local businesses in Croatia, Slovenia, Bosnia and Herzegovina, Serbia, and Montenegro. As of 2017, Addiko Bank has been the sixth largest bank in the Republic of Croatia in terms of total assets.

The EBRD loan has been approved under the Direct Finance Framework, which is intended to finance the growth and development of local businesses. The European Bank for Reconstruction and Development is a leading investor in the region and has otherwise invested a huge 3.7 billion euro in Croatia, in more than 200 different projects so far.

Want to keep up with more information on the Croatian economy, doing business in Croatia and investment news? Make sure to follow our business page.

Tuesday, 26 June 2018

Petrol to Open 15 More Stations in Croatia by 2022

In addition to Croatia, the company will increase the number of gas stations in Serbia, Montenegro, and Bosnia and Herzegovina.

Monday, 28 May 2018

Top Digital Agency Wins Start-Up Competition in Budva, Montenegro

More international success from Croatia's emerging start-up scene.

Saturday, 28 April 2018

Train to Dubrovnik? You're a Few Decades Late...

Ever wondered about getting the train to Dubrovnik? You're a bit late, unless you've got a time machine...

Friday, 6 April 2018

Of Hostels and Superyachts: What Kind of Tourist is Croatia Trying to Attract?

April 6, 2018 - Another bumper tourist season awaits on the Adriatic coast, but what kind of tourism is Croatia trying to attract?

Tuesday, 13 March 2018

Why are Luxury Hotel Brands Opening in Montenegro and Rwanda but Not Croatia?

As the Australian Financial Review writes about new hotels for the luxury One&Only brand in Montenegro, Greece, Mexico and Rwanda on March 12, 2018, why are the big luxury hotel names so absent in the tourist hotspot of Croatia?

Friday, 16 February 2018

Lessons from Montenegro: Penthouse Haludovo in 1971, Croatia's Biggest Foreign Adriatic Investment!

February 16, 2018 - As foreign billions from all over the globe pour into Montenegro's luxury tourism sector, the situation in Croatia is quite the opposite. A little investigation after the excellent  Adria Hotel Forum at Hotel Sheraton this week reveals just how far behind the curve Croatia is, and just how disorganised its approach to foreign investment is. 

Monday, 12 February 2018

Lessons from Montenegro: Why Luxury Lustica Bay Will Never Happen in Croatia

February 12, 2018 - As many major tourism investments in Croatia are stuck for years in paperwork, a luxury revolution is happening to the south in Montenegro. Why and how Croatia is losing a major opportunity to become the luxury destination of choice on the Adriatic. 

Thursday, 21 September 2017

Franković in Kotor: ''Cooperation Between Dubrovnik and Kotor Seems Natural''

Mato Franković met with Kotor's Vladimir Jokić, with whom he talked about the threat of cruise ship tourism and the possibilities of enhancing cooperation between the two UNESCO cities in the fields of tourism and culture.

Saturday, 16 September 2017

Agrokor Agony: Court Proceedings Against Agrokor in Six European Countries

Lawsuits against Agrokor have been filed in Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Montenegro and the United Kingdom. The last in the row is that from the Russian lender, Sberbank.

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