Russian Tycoons Want 23 Tourism Projects in Croatia

A company backed by wealthy Russian businessmen, bankers and the owner of one of the largest construction companies in Moscow, have shown a keen interest in the Croatian tourism sector…

Titan Real Estate have signalled their intentions to invest by putting their name in the hat for 23 tourism projects put up for tender recently by Croatia’s State Administrative Office for State Property recently, writes daily Jutarnji list.

Titan had already expressed interest in the disused military tourist complex Kupari, which is located near Dubrovnik, as well as the Brijuni Riveria project, and Hotel Mistral in Novigrad, and have also shown interest in 19 other tourism projects. The wealthy Russians have had a company registered in Zagreb, Croatia since 2004, therefore avoiding any current EU sanctions, said Jutarnji list.

Kupari

Former military bases and land, such as Velopin on the island of Lošinj, Šepurine near Zadar, and Duilovo in Split, seem to the most attractive to the wealthy Russians. If they are successful with all of their bids, then they will at their disposal 11.3 million square metres of land available. Oksana Dvinski, one of the companies directors, said that money was not a problem and that they would definitely apply for all tenders which are announced.