ANNOUNCEMENT 19 Jan 2014

On 19 January 2014, the EIB provided financing worth EUR 25 million (USD 34 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 19 Jan 2014 | Removal date: open ended

State loan

On 19 January 2014, the European Investment Bank (EIB) and Hotel Dubrovacka signed an agreement worth EUR 25 million (approx. USD 34 million) for the project Hotel Dubrovacka from Croatia. The total cost of the project is estimated at EUR 50 million.

According to the project description issued by the EIB, Renovation and expansion of hotel s facilities situated in two locations within the Dubrovnik area..

The objective of the project is defined as following: The project comprises the redevelopment, modernisation and upgrading of a number of tourist accommodation and service units on two sites close to Dubrovnik, Croatia (Mlini and Srebreno)..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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