The Ministry of Tourism has announced a public call for the development of public tourism infrastructure in 2017

first_imgThe Ministry of Tourism has published a public call for applications for grants under the Public Tourism Infrastructure Development Program in 2017, for which HRK 20 million has been provided.Sredstva iz Fonda namijenjena su javnom sektoru – jedinicama lokalne i područne (regionalne) samouprave za razvoj javne turističke infrastrukture. Programom će se sufinancirati projekti uređenja morskih i ostalih plaža, izgradnja, dogradnja, rekonstrukcija ili adaptacija centara za posjetitelje i interpretacijskih centara, njihovo opremanje multimedijalnom opremom te javna turistička infrastruktura u funkciji aktivnog turizma (izrada strateških dokumenata razvoja cikloturizma županije sa standardima, uređenje i označavanje postojećih i novih cikloturističkih, pješačkih i jahačkih ruta te uređenje, postavljanje i opremanje stanica za iznajmljivanje e-bicikla).  „JPublic tourist infrastructure is an integral part of the overall tourist offer of each destination and it is therefore important that we continuously improve it. By investing in projects aimed at arranging or building new beaches, visitor centers and cycling, riding or hiking routes, a new attractive basis is created, ie additional motives for coming to the destination, which is important for the development of year-round tourism. Through this program we want to increase the overall impression and attractiveness of destinations, and thus make Croatian tourism even more competitive”, Stressed the Minister of Tourism Gary Cappelli.The Ministry of Tourism co-finances 80 percent of the costsThe Ministry co-finances up to 80 percent of the eligible / eligible costs of implementing an individual project. For beach projects, the minimum amount of support is HRK 200.000,00, while the maximum amount is HRK 1.000.000,00. For visitor centers and interpretation centers, this amount ranges from a minimum of HRK 100.000,00 to a maximum of HRK 1.000.000,00 of support. Also, the Ministry co-finances the development of operational plans for the development of cycling tourism in the county with standards up to HRK 50.000,00, and the arrangement and marking of existing and new cycling, walking and riding routes and arranging, setting up and equipping e-bike rental stations from HRK 100.000,00 to HRK 400.000,00 , XNUMX kn.Izvor financiranja predmetnog javnog poziva je Fond za razvoj turizma, odnosno izvanproračunski prihod Ministarstva turizma od naknada za privremene koncesijske naknade za turističko zemljište, a za namjene i poslove utvrđene Zakonom o turističkom i ostalom građevinskom zemljištu, neprocijenjenom  u postupku pretvorbe i privatizacije.The public call is open until September 15, 2017. More information about the conditions can be found here: Public call for the development of public tourism infrastructure in 2017last_img read more

Fed touts economic recovery, vows to keep interest rates low

first_imgIt was also the Fed’s last policy decision before the Nov. 3 US presidential election, delivering the winner a runway of low borrowing costs for years to come. All but one Fed policymaker saw rates staying at their near-zero level through 2022. Just four saw them higher than that in 2023.“Effectively what we are saying is that rates will remain highly accommodative until the economy is far along in its recovery,” Fed Chair Jerome Powell said in a news conference following the release of the policy statement and new economic projections.The new promise to “moderately exceed” 2 percent inflation, he added, “should be a very powerful statement in supporting economic activity.”Recovery is here With about half of the US jobs lost since the crisis now recouped, and consumer spending about three-quarters recovered, the economy has come farther and faster than most at the Fed had thought just a few months ago.The new economic projections showed policymakers now see the economy shrinking 3.7 percent this year, far less than the 6.5 percent decline they forecast in June. They see unemployment, which registered 8.4 percent in August, dropping to 7.6 percent by the end of the year.The recovery “is here, and it’s well along,” Powell said.And even as the virus continues to cause “tremendous human and economic hardship,” he said, “we are learning to live with COVID, which still spreads,” Powell said. Social distancing and the use of masks allowed much of the economy to regain ground lost in the second quarter, he said. That contraction was the worst suffered by the United States in the post-World War Two era.But with parts of the economy, like the travel and entertainment sectors, likely to take longer to revive, millions will still struggle to find work.The recovery, Powell noted, is expected to slow, requiring continued support from further government spending and, he said, the Fed, which is continuing to debate further actions including a possibly faster pace of bond buying.Or, as the central bank’s policy-setting Federal Open Market Committee said in the dry language of its statement after the end of its two-day meeting, “The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals.”Bond purchasesThe Fed used its policy statement to begin to pivot from stabilizing financial markets to stimulating the economy, saying that it would keep its current government bond-buying at least at the current pace of US$120 billion per month, in part to ensure “accommodative” financial conditions in the future.The Fed’s pledge to remain accommodating for the foreseeable future initially lifted stocks, but a return of selling in the technology sector left Wall Street largely lower by day’s end. Yields on long-dated Treasury securities ticked higher, meanwhile, while the dollar ended the day little changed against major trading partner currencies.The new economic projections show that the Fed does not expect inflation to breach the 2 percent target any time soon.Powell said the Fed “is both confident and committed and determined” to modestly overshooting 2 percent inflation, but added that it would take time.In pledging to keep rates low until inflation was moving above the target, to make up for years spent below it, the Fed reflected its new tilt towards stronger job growth, announced late last month after a nearly two-year review.Both dissenters to the statement, Dallas Fed President Robert Kaplan and Minneapolis Fed President Neel Kashkari, took specific issue with the central bank’s guidance that it would keep interest rates where they are “until labor market conditions have reached levels consistent with … maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”Kaplan said he would have preferred to have “greater flexibility” once inflation and maximum employment were on track to reaching the Fed’s goals, an easier hurdle to reach. Kashkari’s dissent suggests he wanted a higher hurdle: for rates to stay where they are until core inflation – which often runs cooler than overall inflation – has reached 2 percent “on a sustained basis.”Topics : The Federal Reserve on Wednesday vowed to keep interest rates near zero until inflation is on track to overshoot the US central bank’s 2 percent target, a bold new promise aimed at bringing millions of out-of-work Americans back to the labor market.But the new guidance also marked the start of a vigorous monetary policy debate as the Fed shifts from a crisis-era focus on keeping markets afloat during the coronavirus pandemic to managing what it now sees as a steady, multi-year recovery.Underscoring the depth of disagreement, and the economic uncertainty that underlies it, the decision drew two dissents, one from a policymaker who thought it went too far, and the other from one who thought it didn’t go far enough.last_img read more