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

  • Title: www.hbor.hr
    Descriptive info: HBOR at the IDFC Second Annual Meeting - The meeting was attended by UN Secretary General Ban Ki-moon.. 15 October 2013 – On the occasion of the Annual Meetings of the World Bank and the International Monetary Fund, the Second Annual Meeting of the International Development Finance Club (IDFC) took place, which was attended by Anton Kovačev, President of HBOR’s Managing Board.. At the meeting, the members discussed the 2013/2014 work programme of the IDFC and the topics related to financing and promoting projects in the field of energy efficiency and climate change mitigation.. In his key note speech to the IDFC members, the UN Secretary General Ban Ki-moon said: “Development banks within the IDFC have provided impressive green finance commitments, including USD 79 billion in climate financing in the last year alone, which represents  ...   USD 100 billion-a-year for new climate finance commitments.. He pointed out that their capital and their strategic collaboration across very different parts of the world could create and transform markets.. “With enlightened action, we can create jobs, improve public health and protect the environment.. ” said Ban Ki-moon.. After returning to Zagreb, Anton Kovačev, President of HBOR’s Managing Board, said: “The fact that UN Secretary General Ban Ki-moon attended the Second Annual Meeting of the IDFC confirms the importance and significance of the Club.. It gives me great pleasure that HBOR is a member of the IDFC and that we can actively participate in its activities focused primarily on the financing of projects that target climate change mitigation and increased energy efficiency investment.. ”.. For further information on the IDFC, see:.. www.. idfc.. org.. Ispis..

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  • 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.. Croatian Exporters and World Financial Experts Gathered by HBOR this Year Again.. 12th International Conference on Export Promotion.. Dubrovnik, 06 September 2013.. – The 12th International Conference on Export Promotion organised by the Croatian Bank for Reconstruction and Development under the auspices of the Croatian Government is held today in hotel Valamar Lacroma.. The Conference gathered more than 200 exporters and participants in the process of creation of an export product.. The audience was addressed by Mr Anton Kovačev, President of the Managing Board of HBOR, Mr Andro Vlahušić, Mayor of Dubrovnik, Mr Joško Klisović, Deputy Minister of Foreign and European Affairs and Mr Slavko Linić, Minister of Finance in the Croatian Government.. Two panels were held at today’s conference.. Participants of the first panel called „Financing Exports in Times of Crisis – Financial Institutions’ Perspective“ were the representatives of development and export banks.. The panellists discussed the role of the state and commercial  ...   the first seven months of 2013 with additional HRK 4 billion.. “ He also took the opportunity to congratulate Croatian exporters for their good business results achieved in spite of unfavourable economic environment: „I would like to take this opportunity to congratulate to you, exporters, who are able to achieve great results in international markets and start new investments, create new jobs and penetrate new markets despite unfavourable economic environment.. “.. „Putting the situation in the economy in order and difficult financial situation in our society should come to an end this year, and at the end of 2013, a turning point is to be expected towards development.. In this sense, the strongest support will be provided to Croatian companies by the Croatian Bank for Reconstruction and Development (HBOR) that will support the consolidation of the private sector through the programmes of capital strengthening of companies“, said the Minister of Finance and the President of the HBOR Supervisory Board Slavko Linić.. 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.. Document library.. Financial statements.. Human Resources.. Back to top.. Croatian Bank for Reconstruction and Development.. All Rights Reserved..

    Original link path: /croatian-exporters-and-world-financial-experts-gat
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  • Title: www.hbor.hr
    Descriptive info: New HBOR Loan Programmes for Youth and Start-ups with Interest Rate Subsidies.. Zagreb, 26th August 2013 – From 1st September onwards, new loan programmes of the Croatian Bank for Reconstruction and Development (HBOR) will be available to young people up to 30 years of age and to start-ups within the framework of which interest rate will be subsidized by the Ministry of Entrepreneurship and Trade, announced the Minister of Entrepreneurship and Trade Mr Gordan Maras and the President of the Managing Board of HBOR Mr Anton Kovačev at the press conference today.. Under the Programme "Youth Entrepreneurship", the companies in the majority ownership of one or several persons younger than 30 and the Managing Board of which is chaired by a person not older than 30, will be eligible to candidate for loans in the amount from HRK 80,000 to 700,000, without own share, i.. e.. 100% share of HBOR.. The repayment period is 12 years, including a 2-year grace period.. Interest rate is 4%; however, since the Ministry of Entrepreneurship and Trade subsidizes interest rate with two percentage points, the interest rate for final borrowers will finally be two per cent.. Under the programme "Start-ups", loan amount can be from HRK 80,000 to HRK 1.. 8 million.. In case of loans  ...   loans for youth, i.. two per cent.. The amount of HRK 3 million is envisaged for subsidizing interest rates of HBOR loans for youth and/or start-ups.. More detailed information on both programmes can be obtained on the web pages of HBOR and the Ministry of Entrepreneurship and Trade.. On the occasion of presentation of the programmes, Minister Maras said that the new programmes were the response to the “credit crunch” of commercial banks.. When asked about the HBOR’s share in the credit financing of the economy, he replied that in 2012 it was 30 per cent.. "I expect more courage and businesslike approach from commercial banks, which could be stimulated achieved by reduced profit", said Maras and added that the state is ready to support the banks by the guarantees of HAMAG, the number of which has been increasing from year to year.. This year, five hundred of them are expected.. President of the Managing Board of HBOR Anton Kovačev added that in the first six months of 2013 HBOR approved 11.. 7 per cent more funds in terms of amount and 16.. 4 per cent in the number of approved loans in comparison with the same period previous year, and the approved funds for investments rose by 50 per cent.. (Hina)..

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  • Title: www.hbor.hr
    Descriptive info: The European Commission approved exemption for export credit insurance and reinsurance transactions.. On 22 July 2013, the European Commission informed the Republic of Croatia about the approval of HBOR’s request for the issuing of the exemption clause for export credit insurance and reinsurance transactions with respect to risks considered temporarily non-marketable.. This measure is considered to be existing aid in terms of  ...   After the European Commission establishes the compliance of the state aid measures with the state aid regulations, such programmes and individual measures of state aid are introduced into the list of existing aid that represents a constituent part of the Treaty of Accession of the Republic of Croatia signed on 9 December 2011 and adopted by the Croatian Parliament on 9 March 2012..

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  • Title: www.hbor.hr
    Descriptive info: First EIB Loan after Croatia’s EU Accession: EUR 250 Million for Smaller Projects.. Split, 12 July 2013 – The European Investment Bank (EIB) approved a EUR 250 million loan to the Croatian Bank for Reconstruction and Development (HBOR) for the financing of projects promoted by small and medium-sized enterprises (SMEs) and mid-cap companies, small and medium-sized infrastructure projects in the public sector as well as limited size investment projects in the industry sector in the area of knowledge economy, energy, environmental protection, health and education.. Mr Anton Rop, EIB Vice-President, stated: “.. I very much welcome the fact that the first EIB loan signed after Croatia joined the Union addresses the key lending priority of the EIB – to improve the extremely tight financing conditions for SMEs and mid-caps in the current prolonged economic crisis.. Better availability of long-term financing is vital for further development of this sector, which is the backbone of the Croatian economy and the main driver of growth and development.. ”.. “.. There is a high demand for HBOR’s loans: in the first six months of the year, loan approvals rose by 11.. 5 per cent compared to the same period last year that had been a record year for us both in terms of the number and the amount of approved loans.. EIB’s funds, which will be available to us from  ...   However, owing to a high demand expressed by entrepreneurs, HBOR decided that the reduced interest rates would remain in effect until the end of the year in order to contribute to the promotion of investment and revival of the Croatian economy.. The EIB has been operating in Croatia since 2001 in order to help the country integrate into the EU by meeting the accession criteria and coming into line with the Union’s economic development.. Up to now, EIB lending commitments amount to some EUR 3.. 5 billion to strengthen Croatia’s competitiveness.. The EIB’s lending portfolio in Croatia is well balanced and covers all of the country’s economic sectors, ranging from basic infrastructure to manufacturing and services, including support for small and medium-sized companies through local financial institutions.. This loan represents a continuation of the very successful cooperation between the EIB and HBOR.. Including the current loan, the EIB has already granted credits to HBOR totalling some EUR 1 billion.. This credit line is being provided under the Joint IFI Action Plan for Growth in Central and South Eastern Europe, which is focused on providing better access to long-term finance for Europe's SMEs to help mitigate the effects of the financial crisis.. Those funds will support growth by fostering economic restructuring, consolidation and diversification, as well as enhancing long-term competiveness through the increased availability of long-term credit..

    Original link path: /first-eib-loan-after-croatias-eu-accession-eur-250
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  • Title: www.hbor.hr
    Descriptive info: HBOR Signed a EUR 90 Million Framework Loan Agreement with the Council of.. Europe Development Bank.. The loan is intended for the financing of projects in the SME sector and the public sector of the Republic of Croatia.. Zagreb, 8 July 2013 – The Council of Europe Development Bank (CEB) approved a EUR 90 million Framework Loan Agreement to Hrvatska banka za obnovu i razvitak (HBOR).. The Agreement was signed today by Mr Rolf Wenzel, Governor of the CEB, and Mr Anton Kovačev, President of HBOR's Managing Board.. Mr Slavko Linić, Minister of Finance of the Republic of Croatia, attended the signing ceremony.. The proceeds of the loan are intended for the financing of projects implemented by micro, small and medium-sized enterprises as well as projects implemented by local and regional government units and other public sector entities in the Republic of Croatia.. This is the highest loan amount approved by the CEB to HBOR so far.. The terms and conditions of the loan are very favourable: the indicative rate from 0.. 95 per cent to 1.. 1 per cent for the variable interest rate, and from 2.. 04 per cent to 2.. 53 per cent for the fixed interest rate.. The repayment period for small and medium-sized enterprises is  ...   in terms of maturity and interest rate.. “Favourable funds provided by the CEB and other international financial institutions enable HBOR to extend the temporary reduction of interest rates until the end of 2013 (reduced in 2012 and initially intended to remain in effect until the end of June this year), thus giving an additional stimulus to new investments”, said Mr Anton Kovačev, President of HBOR's Managing Board.. In addition to maintaining the reduced interest rates for new investment in agriculture, fishing, tourism, industry, energy efficiency and environmental protection, HBOR has made amendments to some of its loan programmes.. The possibility of financing investment in intangible assets is introduced under the loan programmes: Start-ups, Female Entrepreneurship and SMEs.. Under the loan programme Start-ups, the portion of the loan intended for the financing of working capital is increased from 15 per cent to 30 per cent, and the possibility of financing 100 per cent of investment (without VAT) is introduced for loans of up to HRK 700 thousand.. As collateral for loans of up to HRK 100 thousand that are covered by a guarantee issued by HAMAG Invest in the amount of up to 80 per cent of the principal amount, HBOR accepts bills of exchange, debentures and seizure of owner’s wages..

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  • Title: www.hbor.hr
    Descriptive info: Mobilisation of European long-term investors to foster EU growth.. HBOR among the founders of ELTI.. Paris, 5 July 2013 - The Presidents and top officials of 16 European long-term financial institutions, meeting in Paris today, have launched the European Association of Long-Term Investors (ELTI), joining forces to foster more sustainable, smart and inclusive European growth, notably for the youth.. In line with the European Union agenda, ELTI has been created following the European Council meeting on 27-28 June, which reviewed the implementation of the Growth and Jobs Pact adopted a year ago by the Heads of State and Government.. The initiative is being launched at a time when the European Commission is analysing the results of its consultation on the Green Paper on the long-term financing of the European economy.. As an international non-profit association, ELTI will be officially listed in the transparency registers of the European institutions and thereby clearly identified as a key player in the European debate on long-term investment.. In close association, ELTI will develop at EU level the same agenda as the global Club of Long Term Investors’ (LTIC), which includes some of the same large members.. With a combined balance sheet of €1.. 5 trillion, ELTI’s goal is to promote long-term investment in close alignment with  ...   to include at least one member per EU Member State and is open to association with all financial institutions in EU or Candidate Countries providing long-term finance which fulfils the terms and conditions of it Statutes.. The Association’s headquarters are in Brussels at 37 Square de Meeûs.. Founder members of ELTI (assets in brackets):.. Bulgaria:.. Bulgarian Development Bank “BDB” (€ 0.. 850 bn).. Croatia:.. Hrvatska banka za obnovu i razvitak “HBOR” (€ 3.. 4 bn).. Czech Republic:.. Ceskomoravska zarucni a rozvojova banka “CMZRB” (€ 4.. France:.. Caisse des Dépôts “CDC” (€ 287 bn).. Greece:.. National Bank of Greece “NBG” (€ 140 bn).. Hungary:.. MFB Hungarian Development Bank “MFB” (€ 4.. 7 bn).. Italy:.. Cassa Depositi e Prestiti “CDP” (€ 305 bn).. Latvia:.. Mortgage and Land Bank of Latvia “Mortgage Bank” (€ 0.. 97 bn).. Malta:.. Bank of Valletta “BOV” (€ 7 bn).. Poland:.. Bank Gospodarstwa Krajowego “BGK” (€ 11.. 5 bn).. Portugal:.. Banco Português do Investimento “BPI” (€ 43 bn).. Slovenia:.. Slovenska izvozna in razvojna banka “SID” (€ 4.. 1 bn).. Spain:.. Instituto de Crédito Oficial “ICO” (€ 115 bn).. Sweden:.. Swedish Export Credit Corporation AB Svensk Exportkredit “SEK” (€ 36 bn).. Turkey:.. Turkije Sinai Kalkinma Bankasi A.. “TSKB” (€ 4.. 3 bn).. Multilateral institution:.. European Investment Bank “EIB” (€ 508 bn)..

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  • Title: www.hbor.hr
    Descriptive info: HBOR approved HRK 0.. 5 billion for investments in tourism in the first five months.. Zagreb, 12 June 2013 – “A Thousand Swimming Pools for Croatian Tourism”, a programme implemented by the Ministry of Tourism in cooperation with the Ministry of Entrepreneurship and Crafts, was presented at the conference.. Changes to the loan programmes implemented by Hrvatska banka za obnovu i razvitak (HBOR) that relate to the tourism industry as well as possibilities of using structural funds for the financing of SMEs in tourism in 2013 were also presented.. “Extension of the tourism season is one of our primary goals.. Having in mind the fact that the occupancy rate of facilities with a swimming pool is on the average 30 percent higher, I am sure that this programme will contribute to the strengthening of competitiveness of the Croatian tourism”, said Mr Darko Lorencin, Minister of Tourism, on the occasion of presenting the programme “A Thousand Swimming Pools for Croatian Tourism” that is implemented by the Ministry of Tourism in cooperation with the Ministry of Entrepreneurship and Crafts.. Changes to the loan programmes of Hrvatska banka za obnovu i razvitak (HBOR) that relate to the tourism industry as well as possibilities of using structural funds for the financing of SMEs in  ...   For the first time, “scattered hotels”, “floating hotels” and improving of other destination tourist attractions are included in the programme.. Kovačev also pointed out the possibility of approving the so-called “green loans” and the loans for the financing of traditional crafts in the traditional shipbuilding.. Eligible borrowers of HBOR's loans are companies, crafts businesses and institutions.. Loans are approved in HRK at a reduced annual interest rate of 2, 3 or 5 percent that will probably remain in effect until the end of the year.. The minimum loan amount is HRK 700 thousand, whereas up to 75 percent of preliminary investment value can be financed (without VAT).. The loan repayment period is 17 years, 4-year grace period included.. The minister also presented possibilities of financing small and medium-sized enterprises in tourism after the Croatian accession to the European Union, where he mentioned that a public invitation for expression of interest in preparing project proposals for entrepreneurs had been issued and was implemented by the Ministry of Entrepreneurship and Crafts.. He added that this Ministry would, in September, invite tenders for the use of Structural Funds for the SME sector in 2013.. The amount of EUR 30 million will be available through Structural Funds for all SME projects, tourism projects included..

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  • Title: www.hbor.hr
    Descriptive info: Launch of Green Office Activities at HBOR.. Zagreb, 22-24 May – Five Green Office motivation workshops took place on the premises of Hrvatska banka za obnovu i razvitak (HBOR).. The employees of HBOR and Hrvatsko kreditno osiguranje (HKO) showed great interest in education on promoting energy efficient behaviour not only in offices but also in their own homes.. The Green Office workshops are part of the House in Order Government programme that HBOR joined by signing the Letter of Intent with the UNDP at the end of 2011.. The workshops covered topics such as climate change, energy efficiency, energy consumption and concrete energy saving advice.. By following certain advice, it is possible to achieve approximately 10 per cent savings in energy and office supplies..  ...   spending for energy consumption.. HBOR has been, for a long period, taking care of waste sorting and implementing the Corporate Social Responsibility Programme that complements the Green Office activities.. The Head of the Green Office has been officially appointed who will, after having completed the training to be organised in cooperation with the UNDP, develop a concrete implementation plan based on consumption analyses, determine necessary measures and control the implementation of the planned activities.. This will create the preconditions for the systematic implementation of the Green Office activities presented at the workshops and enable the measuring of their effects.. The participants in the workshops have shown interest in the implementation of the presented energy efficiency measures both at their workplaces and in their private environments..

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  • Title: www.hbor.hr
    Descriptive info: Additional support for encouraging investment from the United States.. U.. Ambassador to Zagreb hopes to strengthen U.. investment in Croatia.. Zagreb, 3rd April 2013 – Yesterday, Anton Kovačev, President of the Managing Board of HBOR held a meeting with the U.. Ambassador to Croatia, Mr Kenneth Merten and Mr Thomas Johnston, the economic advisor.. The meeting was held in order to present HBOR's activities and operations in the Republic of Croatia and to agree on the basis for future co-operation.. On this occasion, Anton Kovačev said: "I am very pleased that Ambassador Merten visited HBOR and that we had an opportunity to talk about the role of HBOR in start-up of investments in the Republic of Croatia and the possibility for continuing co-operation with the Export-Import Bank of the United States and the Multilateral Investment Guarantee Agency – MIGA, HBOR signed Co-operation agreements with.. ".. Talking about the interest of corporate America in the Republic of Croatia, Ambassador Merten expressed  ...   area.. The upcoming Ron Brown Forum with the theme: "Entrepreneurship and venture capital" to be held on 8th and 9th April in Zadar was also discussed in the meeting.. This will certainly be a significant event for deepening ties between American companies and businesses in Southeast Europe.. HBOR representatives briefed the Ambassador on the workshop to be held on 15th April in Zagreb, organized by HBOR, the World Bank and BICRO.. This will be the occasion to discuss the possibilities and conditions for establishing a venture capital fund.. The participation of representatives of international financial institutions, government agencies and potential investors in venture capital fund is expected at the workshop.. At the end of the meeting, Merten pointed out that he really wishes Croatia to succeed and be prosperous and that in this sense, he wants to stimulate investment in Croatia.. To that effect, support and co-operation of both sides has been offered for future projects to encourage investment in Croatia..

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  • Title: www.hbor.hr
    Descriptive info: Additional Incentive of EUR 500 million for the Development of SMEs in Croatia.. Signing of the contract for the largest loan approved to Hrvatska banka za obnovu i razvitak.. Zagreb, 25th January 2013 – European Investment Bank (EIB) approved a EUR 500 million loan to Hrvatska banka za obnovu i razvitak (HBOR) which represents HBOR’s biggest debit.. The first tranche of the loan, in the amount of EUR 250 million, was signed today by Mr Anton Rop, EIB Vice-President and Mr Anton Kovačev, President of the Managing Board of HBOR, the signing ceremony was attended by Mr Slavko Linić, Minister of Finance.. EIB funds will finance projects in Croatia promoted by SMEs and mid-cap companies, small and medium-scale infrastructure schemes promoted by local authorities as well as limited size projects in industry in the areas of knowledge, energy, environmental protection, health and education.. Anton Rop stated on the occasion: „Support for the financing of projects implemented by SMEs  ...   obnovu i razvitak said on the occasion: „The loan amount at the same time represents HBOR’s biggest debit but it also confirms the fact that HBOR has gained a considerable reputation with special financial institutions.. Abroad we are recognized as a crucial factor in the starting of Croatian economy.. Let me remind you that in 2012, HBOR approved loans totalling HRK 10.. 23 billion, which represents an increase of 56 per cent compared to the year 2011.. The recently obtained funds will additionally help preserve and even create new jobs, which is the key to starting and further development of the Croatian economy”.. Co-operation between the EIB and HBOR started in 2001.. Up to now, the EIB has already granted seven credit lines to HBOR totalling EUR 860 million.. The funds approved by the EIB, enabled HBOR to finance approximately 1300 projects in the Republic of Croatia, most of which refer to projects promoted by small and medium-sized enterprises..

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    Archived pages: 1113