Subsidies for investments in diversification, season extension, sustainable business and higher quality of offer

The Regulation on encouraging investment in the tourism sector was adopted.

Author  HrTurizam.hr

30. March 2024.

At the session held on March 28, the government of the Republic of Croatia adopted the Action Plan for the administrative relief of the economy for 2024 and 2025.  

It was also adopted Regulation on encouraging investment in the tourism sector, which is a sector-specific support program. Minister of Tourism and Sports Nikolina Brnjac she evaluated it as the most significant instrument for encouraging investments in tourism.

Deputy Prime Minister and Minister of Croatian Veterans Tomo Medved he reported on the current events related to the reconstruction of the earthquake-affected areas, pointing out that in Sisak-Moslavina County, in addition to dynamic reconstruction, the revitalization program of the area is being intensively implemented, and he singled out activities in the education sector and raising the capacity of health tourism.

Investments in health tourism

The minister emphasized the importance of revitalizing the area affected by the earthquake by investing in the development of health tourism, recalling that last week Minister Brnjac signed a contract with Topusko Spa worth as much as 17 million and 200 thousand euros in grants for the project Topusko at the source of health - spa and wellness tourism in a sustainable way.

"I emphasize that this project is part of the large development project Topusko Smart Thermal City, the total value of which is 100 million euros, which represents a series of infrastructure and economic projects with the aim of increasing the quality of life and economic activity of the town of Topusko, and positioning the town itself as a leader in the provision of health services health and recreational tourism in the Republic of Croatia" said Medved.

/ / / Brnjac: A new era of health tourism in Croatia - the highest grant of 17,2 million euros secured for the Topusko Spa

Administrative relief of the economy

At the session, the Action Plan for the administrative relief of the economy for 2024 and 2025 was adopted. Through 103 measures from that plan, the economy should be relieved of obligations worth a total of 364 million euros.

Minister of Economy and Sustainable Development Damir Habijan said that the Action Plan for administrative relief is one of the obligations that Croatia has undertaken as part of the National Recovery and Resilience Plan for the period 2021 to 2026.

Regulation for encouraging investment in tourism 

Presenting the Regulation on investment promotion in the tourism sector, Minister Brnjac reminded of the new Tourism Act that entered into force on January 1 and which, among other things, expands and improves the regulatory framework for investment promotion.

"The Regulation is fully harmonized with the provisions of the General Block Exemption Regulation (GBER), it defines the conditions for the compatibility of state aid from the articles of the Tourism Act with the rules on the allocation of state aid for investments, and is also in accordance with the Law on State Aid", she said.

She also emphasized that the grants, which can be granted in accordance with the Tourism Act and the new regulation, are intended to achieve strategic goals from the Sustainable Tourism Development Strategy until 2030.

In addition to the conditions of compatibility with the rules on state aid, the decree also regulates the method of awarding aid based on the awarding criteria provided for in the Tourism Act.

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Allocation of grants

Grants will be awarded to large, micro, small and medium-sized enterprises in the tourism ecosystem, which includes accommodation, food and beverage preparation and service, travel agencies and tour operators and sports, entertainment and recreation activities, and for the first time marinas and charter fleets in terms of their greening and environmental protection.

It is expected that the investments that will be encouraged will bring greater diversification of the tourist offer, extension of the tourist season, sustainable business and higher quality of the tourist offer, she added.

"Subsidies are granted in the form of a reduction in the profit tax rate for projects defined by this regulation and for the activation of inactive assets in the form of a reduction in compensation for the disposal of inactive assets owned by the Republic of Croatia", explained the minister.

This continues the dynamics of investment in the tourism sector, which gained new momentum after the pandemic through NPOO, and funds for the implementation of the regulation are planned in the form of tax breaks and exemption from payment of fees for the disposal of property owned by the Republic of Croatia. concluded is Brnjac.

/ / / EUR 106 million in grants awarded for health, active and visitor tourism

Photo: Promotiv travel outdoor

Author  HrTurizam.hr

30. March 2024.