4th Adria Hotel Forum discussing new investments

The 4th Adria Hotel Forum (AHF) being held in Zagreb on Wednesday and Thursday attracted around 300 domestic and foreign participants, mostly hoteliers, investment funds, bankers and others to discuss investment prospects in Croatia and southern Europe.

The NCH Capital investment fund is considering an investment of 100 million euro for a resort on the Srdj hill above Dubrovnik, the Turkish Dogus Group is planning an investment of an additional 100 million euro in Croatia, the Rovinj based Adris Group plans to invest in the Park Hotel in Rovinj and in downtown Zagreb, and these were just some of the investments announced at the 4th AHF.

The forum's organiser, Marina Franolic on Wednesday said that investments in tourism and hotel business in Croatia and southern Europe were on the upturn. However, "capital doesn't follow emotions and natural beauties but goes where there is a purpose and quick turnover and return, which in Croatia takes more time than for example in Montenegro," she said.

Possible investors, whether planning investments or waiting for them to start, said that they hoped for a more stimulating environment in Croatia which undoubtedly has great potential, they believe.

Investors agreed that they expected the new Croatian government to improve the investment climate and to resolve the legislative framework and that it would be worthwhile for the government to resolve the problems of land intended for tourism purposes.

Last update: Wed, 10/02/2016 - 17:39
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