Double-digit growth in tourists arrivals on Croatia’s Dalmatian coast is not only good news businesses, but it also has the tax man rubbing his hands…
The first half of the year has seen the government coffers filled with 1.5 billion kuna (200 million euros) more Value Added Tax (VAT) than in the same period in 2014. PDV revenues confirm that there has been an increase in spending, especially on the Adriatic coast.
The Ultra Europe music festival drove daily spending growth in the city of Split by 10%. During the Ultra festival between 3 and 4 million kuna (400-500 euros) more was spent that the week prior to the festival in Split. At the festival venue, Poljud stadium, where 25,000 people partied for 3 days, around 25 million kuna (3 million euros) worth of drink was drunk, daily Vecernji list reported.
Considering that the daily turnover at cafes and restaurants on 10 July in Dubrovnik was 6.7 million kuna (900,000 euros), and 4.9 million kuna (700,000 euros) in Poreč, Ultra does some serious trade.