Invitation for Expressions of Interest

by Submission of a Letter of Intent along with a Conceptual Design

for Carrying Out the Prukljan Project Located in the Town of Skradin Area





The subject of this invitation is the submission of a letter of intent along with a conceptual design for carrying out the project which has a hospitality and tourist purpose in the separate construction area (T) and a golf course along with tourist accommodation buildings (Rgt) in the zone outside of the construction area boundary and which includes facilities on maritime demesne, in accordance with the conditions stipulated in the Šibenik-Knin County Spatial Development Plan (Šibenik-Knin County Official Herald, nos. 11/02, 10/05, 3/06, 5/08, 6/12, 9/12 – final draft, 4/13, 8/13 – corrections, 2/14 and 4/17) and the Spatial Development Act (Official Gazette, nos. 153/13 and 65/17).




Within the area covered by the Šibenik-Knin County Spatial Development Plan for carrying out the Prukljan Project, sections of land parcels designated as cadastral lots nos. 3181/1, 3215/37 and 3216/1 all within the Skradin Cadastral Municipality and in the ownership of the Republic of Croatia have been specifically allocated.


The right to construct buildings and other facilities within the project area, except for sections on which perennial plantations of vineyards, orchards and olive groves have been raised in accordance with the respective lease agreement, will be acquired based on the agreement on establishing construction rights, the agreement on awarding concession on maritime demesne, and possibly an agreement on establishing easement rights as well as the lease agreement, and concluding sale agreements if it has been asserted that this particular manner of resolving property rights is opportune for carrying out the project.


The legal acts regulating the above legal relationships will be concluded with the Republic of Croatia.





Expressions of interest are proven by submitting a letter of intent which must contain the following:


  1. Company name or name of applicant submitting letter of intent: stating fundamental information on the company (company name, registered address, business activities,…), information on the contact person: name and surname, position within the company, address, telephone number and email address, including the following attachments:


1.1. An official record of the legal entity from the court register,

1.2 A statement by the applicant submitting the letter of intent that the applicant is not in the liquidation proceedings, involuntary administration, bankruptcy proceedings or any other proceedings that may lead to the termination of business operations, nor that they are insolvent,

1.3. The most recently available consolidated financial report

  1. Potential partners carrying out the project: must provide fundamental information on potential partners (name, registered address, business activity, and the like). The potential partners must have experience in carrying out hospitality – tourism projects,


The conceptual design for carrying out the project in line with the above mentioned spatial planning document and Act which contains:


3.1. A sketch indicating the planned zones for the golf course and tourist accommodation buildings outside of the construction zone,

3.2. A sketch indicating the planned zones and facilities within the zone of the separate construction zone,

3.3. A brief textual description of the planned buildings and facilities within both zones,

3.4. Fundamental parameters of the buildings along with the facilities,

3.5. The planned approach to commercial management of the project in the phases of its utilisation, manner of ensuring the brand, planned number and structure of employees,

3.6. A framework of the investment plan – planned amounts of investment,

3.7. Schedule for undertaking the investment,

3.8. Planned deadline to commence the works,




The letter of intent expressing interest may be submitted by domicile and foreign legal and physical persons, in written form, in the Croatian language, along with all attachments in the Croatian language, or as a certified translation in the Croatian language, no later than by 12.00 pm on 1 March 2018, in a closed envelop, and addressed to the:


Ministry of State Property,

Dežmanova 10, 10000 Zagreb,

clearly designating the subject Project Prukljan along with a caution “do not open prior to 12.00 pm on 1 March 2018”


The letter of intent expressing interest in carrying out the Prukljan Project may be submitted jointly by two or more interested investors who operate as a consortium (group of investors) or investors who for that purpose intend to incorporate a special purpose vehicle. In that case, each investor from the group is required to attach identification documents.



The issuing of this invitation and/or receipt of the letter of intent expressing interest does not establish any obligations for the Republic of Croatia to conclude with any interested investor an agreement on the allocation of properties in its ownership which are located within the project area, nor is it the basis for any right and/or demand by the applicant of the letter of intent to demand the fulfilment of any obligation by the Republic of Croatia, on any basis whatsoever.

The applicant of the letter of intent expressing interest is not entitled to reimbursement of any costs associated with the drafting of the letter of intent, the drafting of the conceptual design and business plan and/or the acquiring of the sought documentation.

Applicants of the letters of intent expressing interest who are in liquidation proceedings or are insolvent or are subject to involuntary administration proceedings, bankruptcy proceedings or other similar proceedings that indicate insolvency or a termination of business operations, will be excluded from this procedure.


The Republic of Croatia, based on this Invitation, is not obliged to conclude with any of the interested investors any agreements on the allocation of property in the ownership of the Republic of Croatia and which located within the respective project area. The interested investors, based on their participation in this procedure, are not entitled to seek from the Republic of Croatia any compensation for damages on any basis whatsoever.



This Invitation is subject to the laws of the Republic of Croatia.

All information received will be processed in accordance with the provisions of law in order to ensure the protection of rights and privacy of the interested parties. Information will be processed solely for the purpose of determining whether the applicants of the letters of intent expressing interest fulfill the above stated conditions for participating in the procedure for carrying out the Prukljan Project.

The Ministry of State Property, in cooperation with the Šibenik-Knin County and the Town of Skradin, will shortlist acceptable conceptual designs along with the business plans, and will recommend to the Croatian Government to conduct the procedure to publish the invitation for the submission of binding bids after all formal and legal prerequisites for carrying out the respective Project have been fulfilled.

The drafting of the conceptual design requires perusal the Šibenik-Knin County Spatial Development Plan which has been published on the official website of the respective county

Located at the heart of Europe, Czech Republic and Slovakia are in an ideal position to play a pivotal role between Eastern Europe and Western European markets.

United up to 1992, before a parliamentary resolution dissolving one and for all the Czech and Slovak Federative Republic (from 1990, after the Velvet Revolution, the old name Czechoslovakia was changed), as independent nations Czech Republic and Slovakia successfully completed the European integration process, becoming members of the EU on May, the 1st 2004. Although Slovakia opted for Euro on January the 1st 2009, Czech Republic has so far preferred to maintain the national currency, the Czech crown.

For foreign investors, the sectors to focus on are numerous. Starting from Czech Republic, the metal industry is surely the most vibrant point of interest, considering its ties to the flourishing car industry. The combination of high-skilled and relatively cheap labor, the deregulation implemented by various administrations at the helm of the Republic aimed at easing the entrance of foreign capital in the country and the good conditions of the infrastructures has permitted to Czech Republic to deliver a record-breaking 1.344 million of vehicles, registering a growth of 8,3% compared to the previous year. This growth is the result of an important plan of industrial development, sustained by the Skoda’s (Volkswagen Group) impressive performances. The car manufacturer is, alone, responsible for almost half of the national output.

Directly linked to the trends of the car industry is the sector of machine-tools and foundries that has endured, after the global economic crisis (in the 5 years between 2008 and 2013), a steady decline. Now, it is bouncing back, recording in 2014 a growth of 10% on yearly basis. Italy, especially in the last few years, has confirmed herself as the first supplier of equipment for the sector, though the market quota in Italian hands is considerably smaller than the ones owned by Germany and China, our main competitors. The room for growth remains ample, so to represent a relevant option.

Moving on, a sector to monitor is the packaging sector, where Italian presence is now consolidated: in 2016, Italy was the first commercial partner of Czech Republic with the export reaching 23 million of Euro, bigger even of the data recorded by Germany (17 million, circa) that can boast historical and preferential relations with the Republic. The presence of Italian firms on the Czech territory is solid, particularly in the metal packaging production (e.g. Tecnocap) and plastic packaging (e.g.Viroplastic). The enlargement of the distribution network for consumer goods and the growing requests of the heavy industry, have permitted a constant increase of the annual turnover of the sector that traditionally plays a second-string role within the economic landscape of Czech Republic.

In closing on Czech Republic, investors should not underestimate the outlooks of the services market, its far-reaching potential boasted by the increasing numbers of foreign companies (mostly extra-EU) opting for Prague as their European headquarters.

The same conclusions can be reached for the IT and telecommunication sector, quite attractive due to the excellent educational system that focuses on the scientific subjects and the presence of various multinationals enterprises, leaders in the sector (e.g. H-P, Microsoft, Siemens). Especially in the last two-years period, the government has started initiatives to upgrade and adapt structurally the satellite and informatics networks, to answer to the companies’ requests.

For what concerns Slovakia, the economic framework looks a bit different. On the republic’s territory, the most promising sector for foreign capitals is the construction: indeed, it is on the way a modernization project for all the roads and railways connections, programmed to be completed in the next three years.

Italy is active in the country since the independence, establishing joint-ventures with Slovakian companies and participating to tenders aimed at the renovation of the national infrastructures. The goal for Italian firms in Slovakia is to increase the involvement in conjoined projects, also considering the possibilities to operate on the river network and the necessity to provide Slovakia with updated skiing and thermal facilities.

Natural resources are another source of interest. Minerals, among them gold and lignite, oil and natural gas are present in the subsoil. Large forests supply, moreover, a relevant and dynamic timber market.

The energy sector in Slovakia is rather peculiar: as the European Union is shying away from nuclear energy, the country is fully embracing it, so that the government recently (2016) announced that nuclear plants will produce up to the 80% of the national requirements of electricity by 2030. Nevertheless, the Ministry of Economics agreed to the construction of 33 new solar power stations, confirming the government's will to work in introducing renewable energy in the country, in agreement with European Union's regulations for 2020 and 2030 (renewable sources must provide at least 20% and 27% of the national requirements by, respectively, 2020 and 2030).

Alongside those opportunities, it is crucial not to dismiss the potentialities of the agribusiness (fishing, agriculture) that has recorded modest but growing numbers for both the import and the export, to and from Italy.

The capitals should be allocated in the packaging industry, distribution, and transformation of fruits in juices and concentrated as well as on products of animal origin (meat, dairy products).

Slovakia, furthermore, has expressed its interested in joining research groups and scientific collaborations focused on climate change, forest and habitat conservation and improvement of farming techniques.

In conclusion, Czech Republic and Slovakia represent consolidated realities characterized by active and pulsating economies. An advantageous geographical position and a predisposition to openness to international markets are slowing changing the facets of the two republics, that, without much fuss, eschewed the socialist economic models to embrace Western-style paradigms, a transition highlighted by the quick convergence of the wages to the European Union's average.

Croatian Chamber of Commerce and the Rijeka County Chamber of Commerce are organizing, for May the 10th and 11th 2018, a conference titled “International Business Connections”, to be held in the city of Rijeka. The event is  supported by the Ministry for Foreign Affairs of the Republic of Croatia, the Ministry for Economy, the Central State Office for the Croatians abroad, the Central Office of the Republic of Slovenia for the Slovenians abroad, the Austro-Croatian Chamber of Commerce and the Primorje-Gorski Kotar County. The initiative aims to establish economic relations among Croatia and its economic actors and foreign institutes to promote internationalization; moreover, the conference will incentive the sharing of professional knowledge and support to the companies that need connections to the Croatian market.


This article was amended on March the 16th, 2018. The new article is available via the following link:
Errata Corrige - 16/03/2018 -

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