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

  • Title: www.hbor.hr
    Descriptive info: Print this page.. HBOR and GARA signed Co-operation agreement on loan programmes.. Varaždin County Guarantee Agency (GARA) shall issue guarantees to small and medium-sized entrepreneurs for commercial bank loans extended under HBOR’s loan programmes.. Varaždin, 4 December 2013 – Mr Anton Kovačev, President of HBOR's Managing Board, and Mr Tomislav Šipek, Director of GARA, signed a Co-operation Agreement on Loan Programmes between HBOR and GARA.. The Agreement creates a framework for start-up enterprises and enterprises manufacturing and investing in the area of Varaždin County to benefit from the guarantees issued by GARA for loans extended by commercial banks under the loan programmes of HBOR.. Eligible borrowers are entrepreneurs that intend  ...   to the manufacturing sector.. Guarantees shall cover up to 75% of the principal amount of loan and can amount to up to HRK 1.. 5 million per entrepreneur regardless of whether an entrepreneur is already running a business or is a start-up entrepreneur.. On that occasion, Mr Anton Kovačev said: “The Agreement we signed today is a good basis for increasing the efficiency of our support for the development of SMEs in Varaždin County.. HBOR has been financially supporting entrepreneurs that operate in this area and has approved HRK 3.. 8 billion in loans, of which more than HRK 2 billion for the financing of exports.. ”.. Last modified:.. 12/12/2013..

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  • Title: www.hbor.hr
    Descriptive info: For the Second Year, IDFC Members Confirm their Large Share of Global Green Financing Flows.. With USD 95 billion of new green finance commitments in 2012, IDFC members increase their significant contribution to the green and climate change agendas.. Frankfurt, November 20, 2013 - IDFC, the International Development Finance Club, which brings together 20 leading international, national and sub-regional development banks from across the world in a unique setting of cooperation, published for the second consecutive year its annual mapping of green finance.. The IDFC Green Finance Mapping Report 2013 compiles the activity of IDFC members in 2012 concerning the financing of mitigation to climate change operations, especially in the areas of renewable energy and energy efficiency, as well as adaptation to climate change and other measures for environmental protection.. The IDFC report was prepared by energy and climate consultancy Ecofys.. In 2012 IDFC members made new commitments representing USD 95 billion in green finance.. This represents an increase of USD 6 billion from 2011 to 2012, as reported in the previous year’s green finance mapping report.. The largest share of IDFC members’ green financing, USD 80 billion, was invested in climate change activities with sustainable development co-benefits.. IDFC members’ climate finance  ...   from institutions based in non-OECD countries.. These figures show the commitment and importance that IDFC members give to assisting green and climate activities in developing countries.. The findings of the report illustrate the financial and technical capacities and experience of IDFC’s development banks to mobilize, intermediate, deliver, and leverage large and increasing amounts of green and climate financing at the international and domestic levels.. This makes IDFC members “well positioned as a vehicle to channel additional scaled-up climate finance, from international funds such as the soon to be operational Green Climate Fund” as indicated in the report.. IDFC’s mapping report also contributes to a more defined international methodology and process for green and climate finance tracking, providing consistent and transparent information from a major group of development banks based in OECD and non-OECD countries, representing a considerable share of public financing.. In addition, it allows for the mainstreaming of the green and climate change agendas across IDFC members.. “IDFC provides a proactive platform from which to stimulate the sharing of experiences and shape future discussions on further alignment of climate finance-tracking methodologies internationally” states the report.. The IDFC Green Finance Mapping Report 2013 is available on the IDFC website (www.. idfc.. org).. 11/22/2013..

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  • Title: www.hbor.hr
    Descriptive info: Memorandum of Understanding signed by Croatian Bank for Reconstruction and Development (HBOR) and Sberbank of Russia.. MoU establishes a co-operation framework for export finance.. Zagreb, 13 November 2013 – Mr Anton Kovačev, President of HBOR's Managing Board, and Mr Sergey Gorkov, Deputy Chairman of the Board of Sberbank, signed a Memorandum of Understanding in Zagreb today.. The signing ceremony was attended by Ms Andrea Kovacs-Wöhry, CEO of Sberbank d.. , and Ms Ivanka Maričković Putrić, Senior Executive Director of HBOR.. The purpose of the MoU is to establish a framework for future co-operation between HBOR and Sberbank.. It determines the main areas of co-operation and information exchange in joint projects that include the financing and joint financing of exports as well as the intensive sharing of experience and knowledge.. Both banks focus on the possibility of co-operation on the financing of long-term projects.. “By signing the Memorandum of Understanding with Sberbank of Russia today, HBOR has created new possibilities for Croatian exporters.. I am convinced that this type of co-operation will contribute to the achievement of better export results and will increase the demand for the products and services of Croatia by making them more  ...   only Russian investments to the Republic of Croatia, but also the Croatian companies that strive to enter the Russian and the CIS countries market.. As the largest Russian bank with more than 110 million clients, Sberbank has broad infrastructure, necessary capital and required knowledge and can link the companies from different markets and open up such markets for them”, said Mr Sergey Gorkov at the signing ceremony of the Memorandum of Understanding in Zagreb.. Sberbank is one of the leading banks in Europe and one of the largest and most rapidly growing global financial institutions.. In July 2013, the British Euromoney Magazine named Sberbank as the best bank in Central and Eastern Europe in its annual Awards for Excellence.. This award is deemed the most prestigious one in the global financial services segment.. The criteria applied in the selection procedure are size, profitability, growth rate, comparison with direct competitors and the ability to adjust to new market trends in order to fulfil the clients’ requirements.. Besides, in 2012, Sberbank brand was named the 13th most valuable banking brand in the world and the second one in Europe, with a value of USD 14.. 2 billion.. 11/15/2013..

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  • Title: www.hbor.hr
    Descriptive info: The Istria Development Agency will provide guarantees to entrepreneurs for commercial banks’ loans under HBOR programmes.. Pula, 6 November 2013 – Emilija Nagj, Senior Executive Director of HBOR and Boris Sabatti, Director of IDA signed the Co-operation agreement on financing programmes between HBOR and the Istria Development Agency (IDA).. The Agreement provides the opportunity to business start-ups and entrepreneurs engaged in the production industry and investing in the area of the Istria county to make use of IDA guarantees for loans of commercial banks OTP bank d.. and IKB Umag d.. under HBOR programmes.. Entrepreneurs who intend to invest in the Istria county, regardless of the main office or residence, and are registered  ...   5 million per entrepreneur, regardless of the fact whether the entrepreneur is already operating or is a beginner.. Guarantees will be provided for:.. - Financing of investments in tangible or intangible assets arising as a result of an innovation in the proportion 70% (tangible assets), 30% (intangible assets);.. - Financing of investment in the technological process modernisation;.. - Working capital relating to the implementation of the technological process modernisation (up to HRK 500,000.. 00).. Loan application with supporting documentation is submitted to a commercial bank.. Additional information can be obtained at HBOR’s regional office for Istria (phone: 052 219 218, e-mail: hbor-pula@hbor.. hr) or in the Istria Development Agency (phone: 052 381 900).. 11/11/2013..

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  • Title: www.hbor.hr
    Descriptive info: HBOR signed the Memorandum of Understanding with the Greek Export Credit Insurance Organisation.. ZAGREB, 30 October 2013 – The President of the Managing Board of Hrvatska banka za obnovu i razvitak Mr Anton Kovačev and the President of the Management Board of ECIO Mr Themistoklis Kalpaktsoglou, signed the Memorandum of Understanding between the two institutions today.. This Memorandum was signed with the goal to establish framework for future co-operation between HBOR and ECIO in trade and investment promotion between Greece and the Republic of Croatia, participation and providing services in joint projects in the third countries’ markets.. „In today’s very demanding economic environment, it has become extremely important to strengthen and provide efficient support to exporters that will enable them to increase their competitiveness in the international market..  ...   on this occasion.. ***.. Export Credit Insurance Organization (hereinafter: „ECIO“) is the Greek export credit agency owned by the state and established in 1988.. It is an autonomous and non-profit organisation managed by the Board of 9 directors, and under the supervision of the Ministry of Development and Competitiveness.. The headquarters of ECIO is in Athens, and its task is to provide support to export transactions of Greek companies and to manage guarantees issued by the Greek state to domestic and foreign banks, financial institutions and organisations, construction firms, leasing companies and companies in general, the Deposits and Loans Fund, the Post Savings Bank and the public law entities, as well as to foreign governments as coverage for loans, letters of credit and credits in the shipbuilding industry.. 11/18/2013..

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  • Title: www.hbor.hr
    Descriptive info: Ispiši ovu stranicu.. 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,  ...   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.. org.. Posljednja izmjena:.. 18.. 10..

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  • Title: www.hbor.hr
    Descriptive info: 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 banks in the promotion of capital investments and the problem of availability of favourable sources of finance for small and medium-sized enterprises.. The second panel  ...   credit insurance and export credit guarantees in the total amount of HRK 8.. 4 billion, and in 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.. 2/25/2014..

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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..

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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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    Archived pages: 1113