The European Parliament has proposed a special budget line for tourism of 300m euros

first_img“I am pleased that our initiative has been recognized in the EU, and for it we have the strong support of Prime Minister Andrej Plenković and the Government of the Republic of Croatia. In the economy of the European Union, tourism provides 24 million jobs, that is, every 11 workers are employed in jobs directly related to tourism. In addition, given that tourism is one of the fastest growing economic activities in the EU with a major impact on growth, society, development and employment, and that the contribution of tourism and travel to EU GDP is around ten percent, the premise that tourism deserves better position within the institutions of the European Union, which will ultimately be extremely important for tourism in all EU member states, including Croatia, said the Minister of Tourism of the Republic of Croatia, Gary Cappelli.  So far, 14 of the 28 member states have supported the Croatian initiative. Namely, this is an initiative for better positioning of tourism within the EU institutions, which was launched at the beginning of the year by the Minister of Tourism of the Republic of Croatia, Gary Cappelli. For the first time, the European Parliament has proposed a special budget line for tourism worth 300m euros. In mid-December, the 1-month program of the EU Council for the period from 2019 January 30 to 2020 June XNUMX was confirmed in Brussels, a program prepared by Romania, the Republic of Finland and the Republic of Croatia, as the so-called future Trio of EU Council Presidents. cooperation with the General Secretariat of the Council of the EU and the European External Action Service in parts within their competences. center_img The inclusion of tourism in the program of the EU Council is a confirmation of how Croatian lobbying and emphasizing the importance of tourism for the entire economy was justified, both in the country and at the EU level. This work program explicitly mentions tourism for the first time, within the chapter Union of Jobs, Growth and Competitiveness, where the need for better positioning of tourism at the EU level is stated, especially in order to stimulate growth and employment. In addition, the European Parliament, as one of the EU institutions that most strongly supports the tourism sector, adopted the Interim Report on the Multiannual Financial Framework 14-2018 (MFF) at its plenary session held on 2021 November 2027, which will serve as the EP’s position. to reach a final agreement on the MFF. With this document, the European Parliament calls on the European Commission to prepare the legislative framework needed to establish a sustainable tourism program that would be part of the Single Market Program.last_img read more

Three Indonesian start-ups enroll in Sequoia Capital acceleration program

first_imgSequoia Capital India has chosen 15 start-ups from Southeast Asia and India to participate in its third acceleration program, Surge 03.Three of the 15 are Indonesia-based early-stage start-ups, namely a bookkeeping application for small and medium enterprises (SMEs) BukuKas, edtech platform CoLearn and cloud kitchen service Hangry.Meanwhile, the other start-ups are from India, Singapore and Vietnam, with businesses in the software as a service (SaaS) sector as well as development tools, education, health and food and beverages. Surge and Sequoia Capital India managing director Rajan Anandan said in a written statement on Monday that the capital firm had been working with start-ups from Indonesia, Singapore and Vietnam in two of its previous cohort programs.“The start-ups ecosystem in Southeast Asia is growing rapidly along with the development of its digital and mobile first economy,” he said. “We believe it’s important to support these founders both in their success and during these difficult times.”Sequoia reported it had received increasing applications from Southeast Asian start-ups, especially in the business-to-business sector, consumer technology and financial services.The Surge 03 cohort program started on April 13 and will roll out for 16 weeks with capacity-building activities in recruitment and marketing, among other fields, from global founder and investors. Each participant is also going to receive between US$1 million and $2 million funding in the first round of the program to kick-start their companies. “The Surge program has been designed as an ‘open architecture’ and we invite other investors to join the first Surge round at the start of the program,” the statement reads.Through the Surge, 80 percent of the participating start-ups received funding from institutional co-investors and almost half of the start-ups also have angel investors. The Surge 03 program has booked more than $39 million in total funding.Start-ups that had finished the previous round of the Surge program collectively raised more than $250 million from their next rounds of funding from more than 35 institutional investors. The start-ups included Bobobox and Chilibeli from Indonesia, Zenyum from Singapore and Telio from Vietnam.Established in March 2019, Surge has become a community with more than 110 founders and 52 start-ups from across six countries. The Surge 04 cohort program, which will start in September, is now open for registration.Topics :last_img read more