Tourism is one of the most important branches of the economy in the Republic of Croatia, and HBOR supports investments in the development of tourism services by favourable loan terms and conditions.
Short-term loans are used for the preparation of a tourist season, or the financing of necessary working capital for the procurement of food, beverages, small inventory as well as regular maintenance costs, respectively. Long-term loans are intended for investments in fixed assets – purchase, construction or reconstruction and equipping of facilities.
Final goal of favourable loan terms and conditions for investments in tourism is the prolongation of the tourist season, and this can be achieved by developing higher accommodation capacities, raising the level of services and raising the category of hotels and tourist companies. Final beneficiaries of loan programmes in tourism are small, medium-sized, and large companies such as Valamar Riviera.
Investments are the main driving force of growth and development
Valamar Riviera is the leading tourist company in Croatia and one of the most active investors in the sector with HRK 3 billion in investments in the last 13 years. With 25 hotels and tourist resorts and 13 camping sites, Valamar operates in four attractive destinations on the Croatian side of the Adriatic coast from Istria and Kvarner to Dubrovnik. Through the planned investments in 2017 in the amount of over HRK 750 million, Valamar Riviera continues its largest investment cycle in the tourist portfolio so far. It invests continuously in the increase in quality products, services and facilities, which is recognised by wider community, profession, institutions and partners on daily basis. Valuable rewards and certificates awarded to the company and employees place Valamar Riviera at the top of the Croatian tourism industry.
“Our goal is to intensify investment activities into the portfolio of HRK 1.5 to 2 billion until 2020, and we believe that our exceptionally successful cooperation with HBOR so far will be continued in our future investments,” emphasizes the Management Board of Valamar Riviera.