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    Archived pages: 1113 . Archive date: 2014-09.

  • Title: www.hbor.hr
    Descriptive info: Search.. Home.. About HBOR.. Contact.. Lending.. Export Promotion.. Tourism.. Agriculture.. Economy.. SMEs.. Environmental Protection.. Infrastructure.. Innovations.. Financial Restructuring.. Working Capital.. EU Funds.. Contribution.. Export Credit Insurance.. Programmes.. International Regulations.. Classification of Countries.. Short-term credit insurance.. Croatian Credit Insurance J.. S.. C.. Trade Finance.. Guarantees.. Documentary Letters of Credit.. Economic Co-operation Funds (ECFs).. Contacts.. English.. /.. Classification Of Countries Into Risk Categories KD-01/13.. Last review July 11, 2013.. You can download Classification of Countries.. here.. A.. ,.. B.. C.. D.. E.. F.. G.. H.. I.. J.. K.. L.. M.. N.. O.. P.. Q.. R.. S.. T.. U.. V.. Y.. Z.. Country.. Risk Category.. AFGHANISTAN.. 7.. ALBANIA.. 6.. ALGERIA.. 3.. ARGENTINA.. ARMENIA.. AUSTRALIA.. 1.. AUSTRIA.. AZERBAIJAN.. 5.. BAHAMAS.. BAHRAIN.. BANGLADESH.. BELARUS.. BELGIUM.. BENIN.. BHUTAN.. BOLIVIA.. BOSNIA AND HERZEGOVINA.. BRAZIL.. BULGARIA.. BURKINA-FASO.. BURUNDI.. CAMBODIA.. CAMEROON.. CANADA.. CHILE.. 2.. CHINA.. COLOMBIA.. COSTA RICA.. CUBA.. CYPRUS.. CZECH REPUBLIC.. DEMOCRATIC PEOPLE'S REPUBLICA OF KOREA.. DEMOCRATIC REPUBLIC OF THE CONGO.. DENMARK.. ECUADOR.. EGYPT.. ESTONIA.. ETHIOPIA.. FINLAND.. FRANCE.. GABON.. GEORGIA.. GERMANY.. GHANA.. GREECE.. GUATEMALA.. GUINEA-BISSAU.. HUNGARY.. ICELAND.. INDIA.. INDONESIA.. IRAN.. IRAQ.. IRELAND.. ISRAEL.. ITALY.. JAPAN.. JORDAN.. KAZAKHSTAN.. KENYA.. KOSOVO.. KUWAIT..  ...   THAILAND.. TUNISIA.. TURKEY.. TURKMENISTAN.. UKRAINE.. UNITED ARAB EMIRATES.. UNITED KINGDOM OF GREAT BRITAIN AND NOTHERN IRELAND.. UNITED REPUBLIC OF TANZANIA.. UNITED STATES OF AMERICA.. UZBEKISTAN.. VENEZUELA.. VIET NAM.. YEMEN.. ZAMBIA.. ZIMBABWE.. HBOR classifies countries into one of seven risk categories (1-7), depending on the assessment of level of country risk.. Category 1 represents the lowest level od country risk while category 7 represents the highest level of country risk.. Insurance for transactions into countries in category 7 will be considered for each country separately depending on their profitability and importance for the Croatian economy.. This Classification of countries into risk categories is for information only and is used to assess the opportunities, risks and conditions of export credit insurance for transactions into certain countries and to calculate the minimum premium rates.. Print.. Temporary Reduction in Interest Rates Charged by HBOR on New Investment Projects in the Period from 1 July 2014 to 31 December 2014.. Contact Us.. FAQ.. Glossary.. HBOR News.. Contacts in Export Credit Insurance.. Financial statements.. Human Resources.. Back to top.. Croatian Bank for Reconstruction and Development.. All Rights Reserved..

    Original link path: /Sec1335
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  • Title: www.hbor.hr
    Descriptive info: Businesses operating on the market are facing a variety of business risks – buyers’ insolvency, inability to collect accounts receivable, a growing number of bankruptcies, unfamiliar new business partners, economic crisis, etc.. – credit insurance helps minimize such risks, significantly.. Credit insurance protects businesses from buyer default  ...   can also provide insurance against political risks, such as war in the buyer county, prohibition of currency transfer from the buyer country, and similar governmental measures that can influence non-payment.. More info available via.. Website.. www.. hkosig.. hr.. Phone +385 1 45 91 542.. E-mail.. info@hkosig.. Document library..

    Original link path: /short-term-credit-insurance
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  • Title: www.hbor.hr
    Descriptive info: Hrvatsko kreditno osiguranje (HKO).. (Croatian Credit Insurance J.. ), a company owned by HBOR, is specialised in the insurance of short-term receivables (up to 1 year) related to the selling of goods and services.. in Croatia and abroad (credit insurance).. What are the benefits of insuring your receivables with HKO?.. Improved cash flow – prompt indemnification in the event of buyer’s non-payment.. Protection of assets, i.. e.. receivables.. Protection of liquidity.. Improved security in doing business on new markets and with new buyers, as well as with the existing ones.. Possibility of offering deferred payment terms to your buyers (competitive advantage).. Coverage of costs incurred in the collection  ...   be insured?.. All business entities selling goods and services with deferred payment, regardless of their economic activity and size.. Insurance costs, but non- payment by buyers costs even more!.. DID YOU KNOW?.. About 50% of non-payments relates to buyers with whom a stable, long-term co-operation had been established.. In order to make up for a relatively low unpaid receivable of EUR 15,000, the company which operates with a profit margin of 5% has to increase its turnover by EUR 300,000.. Receivables make for about 50% of assets of small and medium-sized companies.. Phone +385 1 / 5630 600; +385 1 / 5630 605; +385 1 / 5630 615..

    Original link path: /croatian-credit-insurance-j-s-c
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  • Title: www.hbor.hr
    Descriptive info: Trade Finance.. Since guarantees and letters of credit build an essential part of transactions with foreign countries, HBOR offers its clients appropriate products and services for the purpose of quality implementation of business projects..

    Original link path: /Sec1344
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  • Title: www.hbor.hr
    Descriptive info: HBOR issues guarantees on order of its clients in favour of beneficiaries in the country and abroad and receives guarantees issued by foreign and domestic guarantors in favour of HBOR's clients.. With regard to type and the terms and conditions of the main transaction for which a guarantee is required, HBOR offers the following types of guarantees:.. Payment guarantees.. (provide support for the fulfilment of obligations under the main transaction- merchandise or financial loans).. Performance guarantees.. (provide support for the fulfilment of obligations under the main contract-bind bond/guarantees, advance payment guarantees, performance guarantees, warranty guarantees etc.. ).. Counter-guarantees.. (guarantees  ...   payment guarantee or a performance guarantee if the client's offer is not accepted in the bidding procedure).. Documents necessary for issuing a guarantee:.. Application for the issuance of a guarantee.. (with main data on: the orderer, the beneficiary, the amount and currency of guarantee, guarantee.. validity period, number and date of the main contract, the beneficiary's bank, the manner of guarantee.. issuance).. Documents about the main transaction.. (Contract, invoice, preliminary invoice).. Other financial documentation.. (relating to the offered insurance).. Receiving and forwarding of guarantees:.. HBOR can receive guarantees issued by a local or foreign guarantor in favour of HBOR's client..

    Original link path: /Sec1343
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  • Title: www.hbor.hr
    Descriptive info: Letters of Credit.. What Is a Documentary Letter of Credit?.. A Documentary Letter of Credit is a bank’s international payment instrument by means of which a certain amount of money is made available to a Beneficiary (Seller) by an Applicant (Buyer) through a Bank that becomes payable after certain terms have been met.. Documentary Letter of Credit:.. Applicant (Buyer).. – goods/services at disposal as set out in the Letter of Credit.. Beneficiary (Seller).. – payment of the Letter of Credit amount after evidence has been presented by it to  ...   Involved in a Documentary Letter of Credit?.. Applicant.. Buyer of goods/services at whose request a Letter of Credit is opened.. Beneficiary.. Seller of goods/services to whose benefit a Letter of Credit is opened.. Issuing Bank.. Bank that opens a Letter of Credit at the request of the Applicant (Buyer).. Advising Bank (Paying Bank).. Bank that is authorised to pay the Letter of Credit amount in favour of the Beneficiary (Seller) in accordance with the order of the Issuing Bank.. How Does a Documentary Letter of Credit Function in Practice?..

    Original link path: /Sec1583
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  • Title: www.hbor.hr
    Descriptive info: What are ECFs?.. ECFs are open venture capital investment funds with private equity that are established and operate in accordance with the Alternative Investment Funds Act.. The aim of their establishment is to promote the development of the economy, to preserve the current and create new jobs, to strengthen the existing and start-up new business entities by means of ownership restructuring through the investment of additional capital.. HBOR, as a qualified investor appointed by the Government of the Republic of Croatia, participates in the implementation of ECFs’ activities together with private investors.. Beneficiaries.. The companies with the seat in the Republic of Croatia that are active exclusively or predominantly in the Republic of Croatia and have:.. products and services with the high growth potential,.. advantage over their competitors,.. good management,.. sound and transparent operation and sound business plan,.. acceptable rate of return on funds invested by EFCs.. Manner of Implementation.. Implementation stages:.. Initial contact.. Business entities interested in an investment into their companies by an ECF can refer to companies for the management of ECFs.. Presentation of a company to ECF.. For a meeting with representatives of the ECF, it is necessary to prepare the summary financial statements of the company, its  ...   for the purpose of regulating further activities and preparing the transaction both of the company and the ECF.. Implementation of due diligence (financial, legal, operational).. After signing the preliminary contract, due diligence of the business operation is initiated by authorised auditing and law companies.. Signing of the Investment Contract.. After obtained findings of the due diligence, detailed terms and conditions of the transaction, obligations of the company and the ECF, period of the investment closing etc.. are defined in the Investment Contract.. Amount of Financing, Percentage of Co-ownership and Company Ownership Exit.. Amount of financing.. Not limited – depends on the financing possibilities of the Company for management of ECFs and on the concrete investment programme.. Percentage of co-ownership.. Not limited.. Exit from company ownership.. Sale of shares will be initiated until the expiry of 5 years from the investment at the latest.. The manner of exit and other provisions are determined by the Investment Contract.. Honestas Private Equity Partneri d.. , Ilica 16, 10000 Zagreb, e-mail:.. info@honestas-pe.. honestas-pe.. Nexus Private Equity Partneri d.. , Nova Ves 11/I, Zagreb, e-mail:.. info@nexus-pe.. nexus-pe.. Prosperus-invest d.. , Metalčeva 5, Zagreb, e-mail:.. info@prosperus-invest.. prosperus-invest.. Quaestus Private Equity d.. , Radnička cesta 52, Zagreb, e-mail:.. quaestus@quaestus.. quaestus..

    Original link path: /Sec1686
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  • Title: www.hbor.hr
    Descriptive info: For additional information, please contact: HBOR, Strossmayerov trg 9, 10000 Zagreb, Croatia, e-mail:.. fgs@hbor.. , phone: + 385 1 45 91 761 or one of the private investors participating in the implementation of ECFs' activities:..

    Original link path: /Sec1687
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  • Title: www.hbor.hr
    Descriptive info: HBOR PUBLISHED ITS SEMI-ANNUAL REPORT.. Zagreb, 29th August 2014 – Hrvatska banka za obnovu i razvitak published today its semi-annual financial statements for 2014.. In the reporting period, total income amounted to HRK 472.. 4 million, expenses to HRK 377.. 7 million and profit to HRK 94.. 7 million.. During the first half of 2014, HBOR approved 479 loans in the total amount of HRK 2.. 7 billion, of which 42% related to financing of investments.. In order to mitigate the tendency of lending activity to fall that commenced at the end of 2013, i.. in the reporting period, a decrease of 30% compared with the same period previous year, the interim reduction in interest rates for new investments in agriculture and fishing, industry, tourism, environmental protection and energy efficiency was prolonged until 31st December 2014.. The implementation of the Risk Sharing Model was continued for the purpose of encouraging commercial banks to finance economic entities more strongly.. Also, the measure of interim prolongation of loan repayment periods under the loan programmes Liquidity, Pre-Export Finance and Financing of Manufacturing by two additional years was adopted.. Of the  ...   2014 – 2015 adopted by the Government of the Republic of Croatia in May 2014.. Within the framework of envisaged activities, changes in individual loan programmes were introduced.. Under the loan programme Pre- and Post-Shipment Export Finance a more favourable interest rate was introduced for start-up exporters (economic operators entering foreign markets for the first time ever, or entering for the first time a foreign market they have not tapped into so far, or introducing a new product and/or service on a foreign market where they are already present).. Also, under the loan programmes Economy, Small and Medium Entrepreneurship and New Production, in cases where the investment study indicates to the need of a longer maturity, a loan can be approved with the repayment period of 17 years, including a grace period of up to 4 years.. Through export credit insurance transactions implemented by HBOR for and on behalf of the Republic of Croatia, in the first half of the year, new export transactions were insured in the total amount of HRK 458.. 68 million and 7 indemnities were paid in the total amount of HRK 2 million..

    Original link path: /hbor-published-its-semi-annual-report-2014
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  • Title: www.hbor.hr
    Descriptive info: HBOR and EIF signed the CIP Guarantee Agreement.. From autumn onwards easier access to loans for micro-entrepreneurs.. Zagreb, 7th August 2014 – European Investment Fund (EIF) and Hrvatska banka za obnovu i razvitak (HBOR) signed the Guarantee Agreement under the Competitiveness and Innovation Framework Programme (CIP) with the goal to encourage commercial banks to extend loans to micro-entrepreneurs, especially start-ups.. The Agreement has been signed by Mr Vladimir Kristijan, the President of the Managing Board of HBOR, Martina Jus, the Member of the Managing Board of HBOR and Pier Luigi Gilibert, Chief Executive of EIF.. Following the CIP Guarantee Agreement, small companies will have easier access to loan funds due to significantly lower collateral requirements.. At the beginning of autumn, HBOR will launch a new micro-loan programme that will be implemented under the CIP guarantee, owing to which bills of exchange and debentures or pledge on the financed equipment will be sufficient collateral.. Loans will be approved with a tenor of up to 5 years,  ...   small entrepreneurs with an objective of promoting self-employment and entrepreneurship development.. About CIP.. The Competitiveness and Innovation Framework Programme (CIP), which spans from 2007 to 2013, has been put in place to boost European productivity, innovation capacity and sustainable growth, whilst simultaneously addressing complementary environmental concerns.. Within the framework of the CIP, the European Investment Fund (EIF) has been allocated EUR 1.. 1bn to be split between venture capital – with the High Growth and Innovative SME Facility (GIF) - and guarantees – with the SME Guarantee Facility (SMEG).. EIF’s investment is funded by the European Union, through the Competitiveness and Innovation Framework Programme (CIP).. CIP is a EUR 1.. 1bn facility managed by EIF, which is be split between Venture Capital and Guarantees.. It covers the period 2007- 2013.. CIP’s objectives are to generate economic growth and create more jobs as well as boost productivity, competitiveness and innovation in the EU, optimising the use of European Union funds to support SME’s access to finance..

    Original link path: /hbor-and-eif-signed-the-cip-guarantee-agreement
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  • Title: www.hbor.hr
    Descriptive info: With the support of HBOR, Croatian entrepreneurs are building a holiday resort worth EUR 88.. 3 million in Russia.. Zagreb, 13 June 2014 – A EUR 75 million Credit Agreement was signed on HBOR’s premises by HBOR and “DNP BORISOV GORODOK” today for the purpose of financing the project of constructing a holiday resort with related infrastructure in Russia, the implementation of which includes some fifty Croatian companies under the leadership of the company Acquamarin.. The Agreement was signed by the Members of the Managing Board of HBOR, Ms Martina Jus and Mr Mladen Kober, and by the investor, Mr Armenak Safarov, the owner of the company “DNP BORISOV GORODOK”.. The signing ceremony was attended by Mr Robert Tomić, Member of the Managing Board of Acquamarin d.. This is one of largest export transactions supported by HBOR so far.. It is in accordance with the 2014-2015 Export Support Action Plan adopted by the Government of the Republic of Croatia that envisages an even stronger role for HBOR in the field of export promotion.. HBOR’s participation in this project guarantees the collection of payments for the exporter and the other entities included in the project.. On the other hand, HBOR has a quality guarantee issued by a Russian bank securing the due repayment of the approved loan.. The export transaction to be financed from HBOR’s funds relates to the construction of detached family houses with complete infrastructure in the resort, including a wastewater treatment plant and equipment at the location Baranovo.. This is an attractive location for buyers of holiday  ...   meet the majority of the companies included in the project.. We are pleasantly surprised with what we saw, and it gives me great pleasure that such a large number of Croatian companies meet the standards required to participate in this project.. This is an exceptional opportunity to further develop our relations with the Croatian companies and for their access to the Russian market.. ”.. Martina Jus, Member of the Managing Board of HBOR, said: “It is our great pleasure that HBOR participates in the implementation of a project of such significance to our exporters.. I congratulate the company Acquamarin and all small and medium sized enterprises and crafts businesses in Croatia who will participate in this project.. In addition to the obtaining of references in this market, this is an important opportunity for the activation of currently unused resources, the expansion of existing operations and the employment of new staff.. Mr Robert Tomić, company Acquamarin, expressed his gratitude to all and said: “I thank the representatives of HBOR who supported this project, recognised its significance and our capability to implement it.. I would like to stress that the project was supported by the Ministry of Foreign and European Affairs and the Croatian Chamber of Economy through its representative office in Moscow, to which I would also like to extend my appreciation.. I am sure that we will justify the confidence and support we have received and that this project will be just the first of many more to be implemented in this large and potentially significant market for Croatian enterprises..

    Original link path: /with-the-support-of-hbor-croatian-entrepreneurs-ar
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    Archived pages: 1113