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Culture minister celebrates Hvar Theatre's 400th anniversary

02.10.2012 | 11:28 Historic theatre of Hvar

Culture minister celebrates Hvar Theatre's 400th anniversary

Culture Minister Andrea Zlatar Violic on Monday opened in the southern island town of Hvar festivities marking the 400th anniversary of the Hvar Theatre, the first community theatre in Europe.

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U.S. travel agents choose Croatia as top up-and-coming European destination

04.01.2012 | 17:26 Tourism

U.S. travel agents choose Croatia as top up-and-coming European destination

Croatia has been picked as the top up-and-coming European destination in 2012, according to a survey covering 640 travel agents in the United States, the Croatian National Tourist Board (HTZ) said on Wednesday.

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Orco will continue investing in Suncani Hvar

05.04.2011 | 21:14 Orco - Suncani Hvar

Orco will continue investing in Suncani Hvar

The Orco group will continue investing in the Croatian hotel company Suncani Hvar but only after property rights disputes with the town of Hvar and the Church are settled, Orco Property Group board chairman and founder Jean-Francois Ott said on Tuesday, adding he expected agreement to be reached soon with banks on the rescheduling of Suncani Hvar's liabilities.

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HFP, Orco agree to help ailing Suncani Hvar

16.03.2011 | 15:18 Suncani Hvar

HFP, Orco agree to help ailing Suncani Hvar

The two biggest share-holders in the Suncani Hvar hotel company -- the Croatian Privatisation Fund (HFP) and the Orco Property Gorup -- have signed an agreement regulating the reduction of the Hvar-headquartered company's liabilities and debts by HRK 41.21 million through the transformation of claims into the capital stock shares. The deal, signed on Tuesday, also provides for a new HRK 19.9 million loan to be given by the Privatisation Fund which will be in proportion to the existing loans from the Luxembourg-based Orco Group.

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Cobankovic meets Orco Group representatives

24.01.2011 | 18:21 Orco group - Suncani Hvar

Cobankovic meets Orco Group representatives

The Croatian state and Orco Group will work together on the present and the future of the Suncani Hvar hotel company, talks are under way, and they have also reached agreement on how to deal with past developments, Croatia's Deputy Prime Minister and chairman of the Croatian Privatisation Fund's Steering Board, Petar Cobankovic, told reporters after meeting representatives of Orco Group in Zagreb on Monday.

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Orco Group cautiously optimistic about meeting with govt. reps.

10.01.2011 | 22:48 Orco group - Suncani Hvar

Orco Group cautiously optimistic about meeting with govt. reps.

Orco Property Group said on Monday it was cautiously optimistic about an invitation to a meeting with Croatian Deputy Prime Minister Petar Cobankovic, stressing that it would like to avoid international arbitration and clear up all disagreements with the Croatian government.

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Cobankovic believes solution will be found to situation in Suncani Hvar

07.01.2011 | 21:44 Orco group - Suncani Hvar

Cobankovic believes solution will be found to situation in Suncani Hvar

Croatia's Deputy Prime Minister and chairman of the Croatian Privatisation Fund (HFP) Steering Board, Petar Cobankovic, said on Friday he believed that a solution would be found to the situation in the Suncani Hvar hotel company, stressing that the case was not harming foreign investments in Croatia.

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Orco expects profit in 2011

07.01.2011 | 14:44 Orco group

Orco expects profit in 2011

Orco Property Group expects a profit in 2011 and will look at issuing new debt, chief executive Jean-Francois Ott said in an interview with newspaper E15 on Thursday, as quoted by Reuters news agency.

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Orco Group gives Croatian gov't three months to negotiate solution

07.01.2011 | 14:22 Suncani Hvar

Orco Group gives Croatian gov't three months to negotiate solution

Jean-Francois Ott, chief executive of the Luxembourg-based Orco Property Group, which is the majority owner of the Croatian hotel company Suncani Hvar, said in an interview with EuroBusinessMedia (EBM) on Friday that he had sent a letter to Croatian Prime Minister Jadranka Kosor giving the government three months to negotiate a solution to the current situation in Suncani Hvar or he would refer the case to an international court.

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Orco CEO blames it all on 'local jealousy'

06.01.2011 | 22:40 Orco group case

Orco CEO blames it all on 'local jealousy'

Jean-Francois Ott, chief executive of Orco Property Group, who was detained in Zagreb on Tuesday for questioning by police, has blamed "local jealousy" for trying to drive Orco out of Croatia, French news agency AFP said on Thursday.

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