July 1 (SeeNews) - The Croatian government said it decided to declare two privately-owned projects for investments in accomodation capacities on the Adriatic coats projects of strategic importance, aiming to speed up their implementation.
The government listed the projects as strategic on Thursday, it said in a press release.
One of the projects concerns Marina Cavtat & Resort, worth 625 million kuna ($87 million/83 million euro), value added tax excluded. It will be carried out by a local company of the same name registered for renting out and management of real estate.
The project will spread on some 6.4 hectares in Cavtat, near Duborvnik. The hotel will have some 900 beds and will create more than 250 permanent and 150 seasonal jobs.
The other project is worth 1.04 billion kuna, value added tax included, and will be carried out in Rozogniza, near the existing marina Frapa in the Sibenik-Knin county.
Local construction, trade and tourism company Medine is the investor in the project that envisages the construction of a holiday village, including a five-star hotel, villas and apartments with up to 700 beds. The project will create 110 permanent jobs and 50 seasonal jobs.
Croatia's law on strategic investment projects gives their investors the opportunity to implement them with fewer administrative procedures.
Tourism is a key industry for the Croatian economy, contributing a fifth of the country's GDP.
(1 euro = 7.529 Croatian kuna)