Croatia's Valamar plans 26 mln euro investments in 2023

The investments include funding for the Istra premium camping resort and other locations, as well as digitalisation, energy efficiency and sustainability projects, the company said in a filing to the Zagreb bourse.

Valamar also said it will continue to pay special attention to investments in sustainability such as green construction, the use of renewable energy sources and high level of energy efficiency in its capital investments.

The company manages 38 hotels and holiday villages and 15 campsites along the Croatian Adriatic coast and in Austria.

Valamar's shares traded 0.71% higher at 28.40 kuna ($3.95/3.76 euro) intraday on Tuesday on the Zagreb bourse.

(1 euro = 7.557 kuna)