HBOR - central institution for the development of equity and quasi-equity market in the Republic of Croatia
"HBOR has evolved into the central institution for the development of equity and quasi-equity market in the Republic of Croatia. For the establishment of new venture capital funds and their investing in the start-up, growth and development of Croatian companies, besides HBOR and the EIF, the presence of other institutional investors and private investors is necessary as we can achieve significant growth only in synergy with them." said Hrvoje Čuvalo, President of the Management Board of the Croatian Bank for Reconstruction and Development at the BestInvest annual conference.
At the conference organised by the Croatian Private Equity and Venture Capital Association (CVCA) that took place in the Westin Hotel on 27 June, annual awards were presented for the best investments in fast-growing companies and start-ups, i.e. the best private equity and venture capital (PE&VC) investments.
"When private equity and venture capital investments are viewed in the context of the share in the total GDP, Croatia reached 0.650% of its GDP in the last year, thus being the only European country besides Estonia that managed to reach slightly more than the European average, which stands at 0.638%. All other countries of Central and Eastern Europe (CEE) are far below that average, as the average of the CEE region in attracting private equity and venture capital investments stood at 0.131% of GDP last year. Therefore, Croatia is five times better than the average of the region (CEE) and slightly better than the European average, which is rare in terms of other economic indicators." said Mirna Marović, President of CVCA.
The event, which brought together investors worth more than EUR 4 billion and the best Croatian entrepreneurs, was held for the second year in a row, and the panel of experts consisted of eminent professionals from the business community.
At the conference organised by the Croatian Private Equity and Venture Capital Association (CVCA) that took place in the Westin Hotel on 27 June, annual awards were presented for the best investments in fast-growing companies and start-ups, i.e. the best private equity and venture capital (PE&VC) investments.
"When private equity and venture capital investments are viewed in the context of the share in the total GDP, Croatia reached 0.650% of its GDP in the last year, thus being the only European country besides Estonia that managed to reach slightly more than the European average, which stands at 0.638%. All other countries of Central and Eastern Europe (CEE) are far below that average, as the average of the CEE region in attracting private equity and venture capital investments stood at 0.131% of GDP last year. Therefore, Croatia is five times better than the average of the region (CEE) and slightly better than the European average, which is rare in terms of other economic indicators." said Mirna Marović, President of CVCA.
The event, which brought together investors worth more than EUR 4 billion and the best Croatian entrepreneurs, was held for the second year in a row, and the panel of experts consisted of eminent professionals from the business community.