Industry, Commerce and Agribusiness

CROATIAINVESTING IN TOURISM

With a contribution of 14 per cent to the country’s GDP, tourism is one of the key sectors of Croatia’s economy. The potential for nautical tourism is seen as particularly high, but to realise the potential of this asset significant private sector investment and know-how are needed to upgrade and expand the existing infrastructure and bring it up to international standards.

Against this backdrop, we arranged a €30 million loan to Marina Dalmacija and Marina Borik for the refurbishment of their facilities which have a key role in boosting nautical tourism along the coast of Croatia. The loan will be syndicated with €10 million provided by the EBRD and €20 million by the syndicate lenders Privredna banka Zagreb d.d. and Erste & Steiermärkische Bank d.d., each participating with €10 million. Marina Dalmacija and Marina Borik are owned by Doğuş Holding A.Ş, a leading private Turkish company with significant experience in marinas.

With youth unemployment in Croatia at one of the highest levels across the EBRD region, the project will also seek to provide training and employment opportunities for young people. The aim is to address the persistent skills mismatch and gap in progression from training to employment for young people in the country. To address this issue Doğuş will provide training programmes for graduates and young people based on best international practice.

170

EBRD projects in Croatia

73%

private sector share of investment to date