Estonia, Investments, Tourism
International Internet Magazine. Baltic States news & analyticsThursday, 02.09.2010, 22:23
Estonian state invests in tourism
Juhan Tere, BC, Tallinn, 25.08.2008.
Print version
Print versionEstonian Minister of Economic Affairs and Communication Juhan Parts has signed two regulations intended to support development of tourism services and objects until 2013, worth up to 400 million kroon, the Baltic Business Channel informs via Ariapaev.ee.
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The first regulation supports entrepreneurs’ investments in the development of major international interest-gaining tourism products, such as theme parks, and tourist-attraction sights based on national traditions.
The minimum sum of the subsidy is 30 million kroon, and the maximum reaches 50 million kroon. The self-financing of the enterprises involved has to be at least 70% of all the eligible expenses.
The second regulation supports the development of smaller tourism projects. The minimum sum of the aid amounts to 1.5 million kroon, and maximum – to 5 million kroon. Self-financing has to form at least 50%.
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