engleski

Financial support to Tourism-a reflection of the importance of the sector

In times of financial crisis all financial support that can be used from EU funds and programs represents possibility for national economy to grow. Support coming from EU funds first of all has to fulfil goals defined in strategy Europe 2020. Tourism in terms of importance for wealth been of European countries is also industry supported by European Commission. In this paper we aim to investigate correlation between financial possibilities from EU funds and importance of Tourism for national economy for chosen EU countries. As a measure of importance share of this industry in GDP and percentage of employees working within tourism industry, will be presented. Analytical observing and determination of contemporary trends in amount of money available to subjects working in Tourism will help us to predict future trends of growth. Results will be analyzed and upon them suggestions for improvements will be provided. In this survey we will also analyze the previous success in withdrawal of financial means from available funds because in majority of EU countries available budget and paid grant amount deviates. Correlation between absorption capacity, available budget and importance of Tourism as industry will be provided for chosen EU countries. On the basis of foundlings of research some suggestions for improvement and further research will be provided.

EU funds ; importance of tourism ; available budget ; payment ratio ; absorption capacity

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