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Members NewsZagreb, 4 June 2012 – For the purpose of strengthening entrepreneurialcapacities, maintaining and improving liquidity, HBOR hasintroduced, in co-operation with the Government of the Republic ofCroatia, the Croatian National Bank and commercial banks, a newloan program for financing the development of the economy. TheProgram is primarily aiming to finance working capital of enterprisesfacing difficulties due to objective reasons resulting from the financialand economic crisis, that are at least 25% privately owned andgenerate at least 10% of revenues from international markets. Thepurpose of the loans is to settle liabilities towards creditors, whereasup to 30% of the loan may be used for settling debts towards financialinstitutions.Risk sharing will be implemented in co-operation with commercialbanks via existing HBOR loan programs. In the case of small andmedium-sized enterprises, HBOR will provide financing and assumethe risk for up to 40% of the total loan amount against a guaranteeprovided by HAMAG Invest, amounting to 80% of the loan principal.The commercial bank will provide financing and assume the risk forup to 60% of the total loan amount against customary banking securityinstruments. The new form of funding is intended for entrepreneursutilizing new investments to contribute to increasing employment,growth of exports, added value and strengthening competitivenessin domestic and international markets in the following industries: agriculture,the manufacturing industry, tourism and industries relatedto projects for renewable energy resources and energy efficiency.Risk sharing for large investment projects will also be carried outin co-operation with commercial banks via existing loan programs.In the case of large investments, HBOR will provide financing andassume the risk for up to 50% of the total loan, and the commercialbank will provide financing and assume the risk for at least 50% ofthe total loan. Within the framework of this model, the interest for thetotal loan will be the weighted average interest rate on HBOR’s directloan and commercial bank’s loan. Besides new investment cases,HBOR will also assume 50% of risk against a guarantee providedby HAMAG Invest in the case of the Loan Program for FinancingManufacturing. By means of risk sharing, HBOR intends to encouragecommercial banks to increase lending to the real economy andthus start the investment cycle, which is a prerequisite for economicrecovery.››› Artistic photographs of the Croatian paralympicteam presentedWith the campaign “The Sporting Spirit Knows no Boundaries” andthe presentation of photographs of the Croatian paralympic team,Coca-Cola Croatia and the Croatian Paralympic Committee areseeking to remind us of the past achievements of Croatian paralympicathletes and to join the support of the Croatian Paralympic Committeeon the occasion of the Paralympic Games in London.The Croatian Paralympic Committee and Coca-Cola are linked byyears of cooperation and joint values such as optimism, the continuouspursuit of excellence and the promotion of lasting values. “Withtheir success, Croatia’s paralympic athletes inspire us time andagain. They prove that the sporting spirit does not know any boundariesand that despite the difficulties we face, continuous effort and››› MR. Kralj, mr. Kovačić and mr. Ćutukinvestment in oneself can lead to great success”, said Igor Ćutuk,public affairs supervisor at Coca-Cola HBC Croatia.The artistic photographs were presented to the Croatian ParalympicCommittee for permanent use, at a ceremony held in Split, markingthe 100-day countdown to the Paralympic Games, which was organizedby the Embassy of the United Kingdom of Great Britain andNorthern Ireland in the Republic of Croatia. The photographs werereceived by the president of the Croatian Paralympic Committee(HPO), Ratko Kovačić, in the presence of David Slinn, the ambassadorof the United Kingdom of Great Britain and Northern Ireland tothe Republic of Croatia.“Croatian athletes with disabilities have won more than 2,000 medalsat various international competitions over the past ten years. I believethat they will delight us once again in London, and I hope that we willmanage to get additional public support with these photographs andthe accompanying campaign”, said Ratko Kovačić.The artistic photographs of this year’s paralympic team were shotby Ivana Vucic. During the 12 days of the Paralympic Games, 4,200athletes will compete in 20 paralympic sports. Croatia will be representedin London in five paralympic sports: athletics, swimming,table tennis, archery and cycling.››› Prestigious Awards to the Regent EsplanadeZagreb HotelThe Regent EsplanadeZagreb Hotel has recentlyreceived two prestigiousawards: the ‘TripAdvisor2012 Certificate of Excellence’and the Great RailJourneys Gold Food Award2011, both by the choiceand reviews of guests whostayed in the hotel.TripAdvisor, the largest travelweb site for reviewing tourismservice quality, on thebasis of guests’ reviews,››› Mr. Krizmanić accepting award awarded the Regent Espla-2/2012 ISSUE 29