Credit program launched to promote rural tourism

Tourism Minister Damir Bajs and representatives of the Croatian Bank for Reconstruction and Development and 14 commercial banks on Friday signed contracts for business cooperation in the "Development of Rural Tourism" credit program.

Bajs said the contracts offered very favorable terms, providing for an interest rate of eight per cent, six per cent of which will be subsidized by the Tourism Ministry.

Entrepreneurs interested in promoting rural tourism on their family farms can apply for loans of between EUR 10,000 and 300,000 with a repayment period of 15 years and a grace period of up to two years.

The contracts were signed on the Kezele farm in Šumečani near Ivanić Grad, about 30 kilometers east of Zagreb.

(Hina)