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The Importance of Investment of Pension Funds in Tourism of the Republic of Croatia

The pension funds with the largest assets under management are aware of their responsibility for the future pensions of their members, which is why they are continuously looking for new opportunities for profitable investments with the least possible risk. The challenges of managing pension funds and the sustainability of the pension system of the Republic of Croatia have been in the public interest for some time. The same could be said for tourism, whose share in Croatia's gross domestic product (GDP) is the largest in Europe. A large part of the pension system of the Republic of Croatia consists of mandatory pension funds that form part of the second pension pillar and voluntary pension funds that form the third pillar of the system. Many pension funds have practiced investing their assets, consolidated with individual shares, in tourism, considering the business of travel companies very positive and sustainable in the long run. Also, state restrictions on risky investments and the conscious directing of pension funds' investments in tourism, which benefits greatly from them, also play a role in this.

The pension funds, financial investments, tourism of the republic Croatia

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