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FOUR NEW BANKS JOIN "STIMULATION FOR SUCCESS" PROGRAMME

ZAGREB, Nov 18 (Hina) - Pursuant to an agreement on business cooperation signed with the Croatian Tourism Ministry, the Erste&Steiermarkische Banka, Hypo-Alpe-Adria-Banka, Raiffeisenbank and Rijecka Banka have joined the programme of favourable loans for small-scale entrepreneurship in tourism, "Stimulation for Success", which is subsidised by the Croatian government.
ZAGREB, Nov 18 (Hina) - Pursuant to an agreement on business cooperation signed with the Croatian Tourism Ministry, the Erste&Steiermarkische Banka, Hypo-Alpe-Adria-Banka, Raiffeisenbank and Rijecka Banka have joined the programme of favourable loans for small-scale entrepreneurship in tourism, "Stimulation for Success", which is subsidised by the Croatian government. #L# The banks' representatives signed the contract with Tourism Minister Pave Zupan Ruskovic. Along with the Croatian Postal Bank and Karlovacka Banka, which entered the programme at the beginning and in mid-November, there are now six banks in the programme. As the previous two, the four banks offered an annual interest rate for loans from the programme at 5.95 percent. The government will subsidise five percent. Interest for loans fro the "Stimulation for Success" programme, which envisages an increase in accommodation capacities by 100,000 beds ion the next three years, is enormous, the minister said. This will significantly improve the Croatian tourist offer, because in the last year, foreign touroperators were complaining about the lack of accommodation in Croatia. In the last two years, Croatian tourism has been on a good course and has a secure position on foreign markets, to which new loans and investments into the quality of offer will contribute. These are coming along gradually, but progress is already evident, Zupan Ruskovic said. She said that a total of 67 applications had been submitted for loans from the "Stimulation for Success" programme, and their approval was expected for the end of this month. (hina) lml

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