Valamar Riviera has signed a €16 million ($19.7 million) loan deal with the European Investment Bank to finance the company's long-term investments. This is the first EIB transaction in Croatia that involves the direct financing of a private sector company that benefits from the support of the EU budget guarantee under the European Fund for Strategic Investments (EFSI), the financing component of the Investment Plan for Europe. The company said in February it has allocated a total HRK 705 million ($117.1 million/€94.9 million) towards investments in 2018, aimed to strategically reposition the hotel and camping portfolio towards products and services with high added value.