The construction of the Tourist Resort Uvala Livka on Šolta is becoming a strategic project of the Republic of Croatia

first_imgWith the realization of the 1st phase of the project, it is planned to invest over 500 million kuna and create 250 new jobs The project envisages the construction of an elite tourist resort, which includes the construction of a 5 * hotel, with a total capacity of approximately 100 rooms, SPA and wellness center, club house with restaurant, coffee bar, beach club for hotel guests, as well as construction of 29 villas and 23 bungalows that will be branded by the elite hotel operator. With the realization of the 1st phase of the Project, it is planned to create 250 new jobs. As a representative of the investor, the company Azurna uvala doo, the Agreement was signed by the director Milenko Bijedić, accompanied by the Mayor of Šolta Nikola Cecic-Karuzic, who emphasized that this project is of special importance for the island of Solta, as well as for the whole of Dalmatia, as well as the further development of Croatian tourism. The total investment value of the entire project is estimated at HRK 1.075.750.000, while the project is declared strategic only in the part related to the 1st phase of implementation, the planned investment value of HRK 508.899.597,00 and the creation of approximately 250 new jobs. Further phases of the project are planned to be realized when the conditions for that are met, and so far about 183 million kuna of private capital has been invested in the preparation and development of the project. On that occasion, Minister Darko Horvat expressed satisfaction that another large project is being put into fast procedure, after the same thing was done last week with the geothermal power plant project that is planned to be built in Draškovac. “This is another indicator of the direction we have set for ourselves and the proactive approach we have taken towards domestic and foreign investors. By creating a stimulating framework and a positive investment climate, we make a great contribution to the realization of important projects throughout our beautiful country.”, The Minister pointed out.center_img This created all the necessary preconditions for initiating the procedure of passing the Decision of the Government of the Republic of Croatia on declaring this project a strategic project of the Republic of Croatia. Yesterday, the Ministry of the Economy, Entrepreneurship and Crafts signed an Agreement on the preparation and implementation of the strategic investment project of the Republic of Croatia Tourist Resort “Uvala Livka, island of Solta”. Cover photo: TZ Šoltalast_img read more

Maurizio Sarri in sack threat as Roman Abramovich will not accept Man City thrashing, says former Chelsea assistant manager

first_img Phil HaighMonday 11 Feb 2019 8:23 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link124Shares Comment Advertisement Maurizio Sarri in sack threat as Roman Abramovich will not accept Man City thrashing, says former Chelsea assistant manager Advertisement Roman Abramovich ‘will act’ says Clement (Picture: Getty Images)Both Sarri and club captain Cesar Azpilicueta apologised for the heavy defeat in Manchester after the game.‘In the last three matches away we’ve played very badly so we need to say sorry,’ said the manager.Azpilicueta added: ‘It is one of the worst nights in my career, it is difficult to explain what happened.‘We are conceding a lot of goals and we cannot accept that. All I can do is apologise to the fans because it is not acceptable.’ Azpilicueta has apologised for Chelsea’s thrashing at Man City (Picture: Getty Images)Chelsea do not have another Premier League fixture until 27 February as they have various cup commitments in the meantime.The Blues travel to Malmo in the Europa League this Thursday and host the Swedes the following week.Between those contests they take on Manchester united in the FA Cup and after the second Malmo tie they meet Manchester City in the EFL Cup final.MORE: Anthony Martial can be the new Cristiano Ronaldo, says Man Utd manager Ole Gunnar SolskjaerMORE: Antonio Rudiger involved in heated argument with Chelsea fan after Manchester City loss Sarri is struggling to reach the top four with Chelsea this season (Picture: Getty Images)‘There’s something going on that’s wrong behind the scenes,’ Clement told beIN SPORTS.AdvertisementAdvertisement‘What I do know for sure is that the club will not accept that. The owner will not accept that.‘History shows that when the team is not playing at the level that is required, and expected for a club like that and what they’ve achieved over the years, they do take measures. They will act.’ Maurizio Sarri may not have long left as Chelsea manager (Picture: Getty Images)Roman Abramovich ‘will act’ following Chelsea’s 6-0 thrashing at the hands of Manchester City on Sunday, according to former assistant boss at Stamford Bridge, Paul Clement.The Blues were walloped by the champions at the Etihad on Sunday afternoon, suffering their worst ever Premier League defeat in the process.Rio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starSuch was the level of the hammering that Chelsea sank below Arsenal into sixth in the table as their goal difference took such a heavy dent.Clement, who worked at Chelsea from 2007-11, believes that the club’s owners will not accept the result and will take measures.ADVERTISEMENTlast_img read more

UK industry praises regulator for heeding feedback on DB Code

first_imgThe UK pensions industry welcomed a revised code from the UK regulator after critisising previous drafts as long-winded and prescriptive, while highlighting it is now more employer-friendly.The Pensions Regulator (TPR) published the final version of its new defined benefit (DB) Code of Practice, which updates its regulatory framework for DB trustees and sponsors, taking into account its new statutory objective.The regulator must now consider whether recovery plans, negotiated between trustees and sponsors, also create a sustainable growth environment for the sponsor.The code, first published in December 2013, proposed dropping its old funding triggers and length of recover plans approach, in light of a new holistic risk-based model. It also offered nine basic principles that should be evident at DB schemes, which, if they make their way into the final code of practice, must be legally implemented by trustees.However, while many aspects of the Code were welcomed, it was described as too prescriptive and overly complex, with calls for a separation of guidance and regulation.The regulator largely took on board criticisms from consultations and has now created essential guides for both trustees and sponsors, while slightly rewording its DB Code of Practice, now named ‘Funding Defined Benefits’.The Society of Pension Consultants said the “biggest winners” of the new code would be covenant advisers, with president Duncan Buchanan noting TPR’s request to seek advice on the sponsor covenant, or explain why such a step was not necessary.He also noted the increased flexibility now granted in deficit reduction negotiations due to the wording of the new fourth statutory objective’s emphasis on sustainability of company growth.“Employers will be keen to explore the extent to which the sustainable investment objective permits recovery plans to become more flexible,” he said.Graham Mclean, senior consultant at Towers Watson, said employers would also be pleased with the new objective, and that the concessions would be seen as a “victory” by those who lobbied for change.He said the regulator would have received feedback from employers suggesting it was not inclusive of their needs, and that the question of whether this change was positive would depend on a company’s position within negotiations.“Employers may feel emboldened in the next round of negotiations with trustees,” he added.“They haven’t reduced the length substantially, but addressed areas of ambiguity making it slightly better.”Aidan O’Mahony, partner at Aon Hewitt, said the regulator had taken criticisms on board, with the Code being less long-winded and prescriptive, and more principles based.He backed Mclean’s observation and said there was a lot more focus on the employer requirements, giving sponsors more negotiating power.“The updated code explains in more detail how the new objective will be interpreted and used, but it has been polished up, compared with December, and leans more towards giving employers ammunition,” he said. ”This is an attempt to give employers breathing space“The previous code was perhaps a little Stalinist and told trustees to negotiate robustly, but this is more about collaboration.”Mercer partner Deborah Cooper said the regulator had largely absorbed the critical feedback it received.She also welcomed the removal of the Balanced Funding Outcome (BFO) method – which would have integrated covenant, funding and investment risk – and said its new approach to using a funding risk indicator was more sensible and positive.“The language is now a lot more forgiving and friendly to both trustees and employers with regard to risk taking,” she added.The business lobby group CBI, which had led the call for the new statutory objective, also welcomed the Code.Head of pensions Jim Bligh said the organisation was pleased TPR had recognised the need to balance pension commitments with company growth.“The CBI has repeatedly stated that a strong, solvent employer that can invest in the future is the best guarantee for a member’s pension benefits, and it’s good to see the regulator supporting this,” he added.The regulator’s interim chief executive Stephen Soper stressed, however, that it would only be required to minimise any adverse impact on the growth of companies.“In the vast majority of circumstances, trustees and employers should be able to agree funding plans that both benefit the business and strengthen the scheme’s long-term security – but this can only be achieved by employers and trustees working openly and collaboratively,” he said.last_img read more

Update on the latest sports

first_imgUpdate on the latest sports July 8, 2020 — Associated Press research finds that four-year U.S. colleges have eliminated 171 sports programs because of budget problems blamed on the coronavirus outbreak. About 30 percent of those are in Division I, with Stanford being the only one from a Power Five conference.MLB-NEWSMore players test positive, others returnCINCINNATI (AP) — As Major League Baseball cautiously tiptoes closer toward beginning its delayed 2020 season, several teams welcomed back players who might have been exposed to the coronavirus and the San Francisco Giants resumed workouts Wednesday after finally receiving the results of COVID-19 tests administered over the weekend. Red Sox third baseman Rafael Devers worked out at Fenway Park for the first time since Boston opened its summer camp. Also, Rangers first baseman Ronald Guzman was on the field after missing the first five days of workouts. In Cleveland, outfielder Franmil Reyes was cleared to return after being isolated for attending a party over the July 4 weekend.Elsewhere in the majors: — The Baltimore Ravens have informed season ticket holders that their seats will not be available this year. The team says season ticket holders will be offered the same seats in 2021, and money already spent for this season can be used for next year or refunded upon request. Because of the coronavirus pandemic, NFL games this season are expected to be held without fans or in front of a greatly reduced audience. If fans are permitted to attend, seats would be sold on a game-by-game basis with season ticket holders getting the first chance to buy in advance of any public sale.— Northwestern’s football game against Wisconsin scheduled for Nov. 7 at Wrigley Field in Chicago is being moved to Ryan Field because of uncertainties due to the COVID-19 pandemic. Northwestern announced the decision Wednesday after consulting with the Chicago Cubs, state and local authorities and the Big Ten Conference. — Stanford is dropping 11 sports amid financial difficulties caused by the coronavirus pandemic for the 2020-21 academic year. Stanford also is eliminating 20 support staff positions. Stanford projected a deficit of more than $25 million in the 2021 fiscal year and a shortfall of nearly $70 million over the next three years due to the pandemic. The school estimated the cost of sustaining the 11 sports permanently would exceed $200 million. — Wisconsin says seven athletes have tested positive for the new coronavirus since the school started testing them a month ago. School officials previously had said two tested positive out of the 117 athletes who were part of the initial group of tests. The school now has conducted 428 total tests. Wisconsin isolates those who test positive, and the athletic department’s infection response team monitors their recoveries. School officials aren’t specifying which sports are affected by the positive tests.— Ohio State has paused voluntary workouts by athletes of seven sports on campus after getting the results of its most recent coronavirus testing. The school said in a statement Wednesday night that workouts have been paused for football, men’s and women’s basketball, field hockey, men’s and women’s soccer and women’s volleyball. The university said it isn’t sharing cumulative COVID-19 information publicly to avoid identifying specific individuals and compromise medical privacy. The PGA Tour still hasn’t allowed spectators at its events, and no other golf tournament is dependent on partisan cheering like the Ryder Cup. After working with the PGA Tour and its Presidents Cup, the decision was reached to move the Ryder Cup to Sept. 24-26 in 2021. That means the Presidents Cup will return to even-numbered years starting in 2022 at Quail Hollow in North Carolina.The Ryder Cup had been scheduled for Sept. 25-27 at Whistling Straits, one week after the U.S. Open.It’s the second time in the last two decades the Ryder Cup was postponed. It was moved off the odd-numbered years in 2001 because of the Sept. 11 terrorist attacks.In other developments related to the COVID-19 pandemic: — NASCAR cannot meet the quarantine rules in New York and must move its August race from Watkins Glen. The event will instead be held on the road course at Daytona. It will be NASCAR’s debut on the course used by the IMSA sports car series. The Cup schedule released today covers all of August through the regularly scheduled season finale on the oval at Daytona. The Cup Series will also race doubleheaders at Michigan and Dover. — Seven-time NASCAR champion Jimmie Johnson has twice tested negative for the coronavirus and will race Sunday at Kentucky Speedway. Johnson missed the first race of his Cup career when he tested positive last Friday. NASCAR confirmed Wednesday that Johnson has been cleared to return. Johnson’s streak of 663 consecutive starts — most among active drivers — was snapped when he didn’t race Sunday at Indianapolis Motor Speedway. Johnson is the only NASCAR driver to test positive for the coronavirus since the series resumed racing on May 17.— The Ivy League says will not play sports this fall because of the coronavirus pandemic. The league left open the possibility of moving some seasons to the spring if outbreak is better controlled by then. The move could have ripple effects throughout the big business of college sports. Football players in the Power Five conferences have already begun workouts for a season that starts on Aug. 29. The Ivy League decision affects not just football but soccer, field hockey, volleyball and cross country, as well as the fall portion of winter sports like basketball. The league said it has not yet determined whether fall sports can be moved to the spring.— North Carolina says it has paused voluntary football workouts for at least a week after reporting 37 positive test results for the new coronavirus among school athletes, coaches and staff. The school announced results following 429 tests administered as they began returning to campus last month. The school didn’t specify which programs were impacted beyond announcing the pause to football workouts. Officials did say the Orange County Health Department had identified a cluster of five or more related cases. It’s unclear exactly when football workouts will resume. — Milwaukee Bucks general manager Jon Horst says the group that travels to Florida on Thursday for the resumption of the NBA season at Walt Disney World likely won’t include the team’s entire 35-person traveling party. The Bucks closed their practice facility in Milwaukee after receiving results of their Friday coronavirus testing. Horst won’t say whether a positive test came from a Bucks player or another member of the traveling party. The Bucks owned a league-leading 53-12 record when play was halted in mid-March due to the pandemic. They return to action July 31 against the Celtics.— As U.S. team sports prepare to resume, journalists are facing the same issues that their colleagues who cover politics and entertainment have encountered: coming up with new approaches to coverage with reduced access. Professional leagues closed media access to locker rooms and clubhouses in early March. When the games restart, that access is not going to return. Major League Baseball and the NBA will make managers and players available only via telephone or Zoom. — Cleveland Indians outfielder Franmil Reyes (FRAHN’-meel RAY’-uhs) has been cleared by the team’s medical staff to return to the field after being isolated for attending a party over the July Fourth weekend. The team kept Reyes away from Progressive Field as a precaution after he attended a holiday gathering without wearing a mask. The Indians learned of Reyes’ off-field actions from social media. Manager Terry Francona says Reyes was re-tested for the coronavirus and may now participate in training camp. Also, Indians outfielder Delino DeShields (deh-LY’-noh deh-SHEELDZ’) Jr., who tested positive for COVID-19, is traveling to Cleveland after he had one negative test. — Sonny Gray has been chosen to start the Cincinnati Reds’ first game back from Major League Baseball’s shutdown due to the pandemic. Gray started openers for the Athletics in 2014 and 2015, throwing a combined 14 shutout innings while getting a win and a no-decision. He’s in line to face the Detroit Tigers at Great American Ball Park on July 24 as Major League Baseball starts a season shortened because of the pandemic.— An array of injuries was largely responsible for the blight on the first five years of Byron Buxton’s major league career. The latest setback for Minnesota’s speedy center fielder was surgery last fall to repair labrum damage in his left shoulder. Buxton worked his way onto a rehabilitation track that would have had him ready for the original season opener on March 26. Having four extra months to heal and train due to the virus outbreak sure didn’t hurt. The Twins play the Chicago White Sox on July 24 to start the 60-game season.— The Chicago White Sox are giving fans the opportunity to purchase cardboard cutouts of themselves that will be displayed at Guaranteed Rate Field during the team’s season-opening homestand. The cutouts cost $49 and will be available while supplies last. Proceeds will benefit the team’s charitable arm. The White Sox open with a three-game series against the Minnesota Twins starting on July 24.— The Seattle Mariners say they had three positive tests for the new coronavirus among 122 individuals that received initial intake tests before the start of summer camp workouts last week. The team has not specified whether the three that tested positive were players, coaches or staff. The Mariners say all three are asymptomatic and are currently quarantined.center_img Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-SPORTSRyder Cup postponed until next year at Whistling StraitsUNDATED (AP) — With no guarantee of fans, there won’t be a Ryder Cup this year. The PGA of America says the Ryder Cup at Whistling Straits in Wisconsin has been pushed back to 2021 because of the COVID-19 pandemic. The last time the PGA Tour had back-to-back tournaments on the same golf course was in 1957, five years before Nicklaus turned pro. The All American Open and the World Championship of Golf were played at Tam O’Shanter in Illinois. Workday is a one-time event replacing the canceled John Deere Classic.In other Workday news:— Three PGA Tour players who have tested positive for the coronavirus but are no longer symptomatic will play together at the Workday Charity Open. The tour announced the change Wednesday in the latest revision of its COVID-19 policies. Nick Watney will play alongside Dylan Frittelli and Denny McCarthy during the first two rounds at Muirfield Village in Dublin, Ohio. Watney was the first tour player to test positive and reported mild symptoms. The tour said all three players continue to test positive for the virus but have met the Centers for Disease Control guidelines for return to work. Players in those circumstances will either be grouped together or play as singles.RACING-KEENELAND BREEDER BANNED PGA-WORKDAY OPENHow to make 1 golf course look like 2 different tournamentsDUBLIN, Ohio (AP) — Muirfield Village is gearing up for the first doubleheader on the PGA Tour in 63 years. A new tournament called the Workday Charity Open starts Thursday on the course Jack Nicklaus built. And then it’s onto the Memorial, the tournament Nicklaus created. The goal for tour officials is to protect the condition of the course from 157 players this week and 120 players next week. They also want to try to present a different test. That means slower greens, different tees and rough that isn’t quite as high this week. VanMeter banned after racist Facebook postLEXINGTON, Ky. (AP) — A prominent Kentucky horse owner and breeder has been banned from racing and sales at Keeneland Race Course after his racist post on social media. Keeneland says it is banning Tom VanMeter from the premises, including participation by his sales company, while the Lexington track further reviews circumstances related to the recent “reprehensible comments” he made online. The posting drew condemnation across the racing industry. VanMeter later said he was wrong and was disgusted by his actions. In Facebook post last weekend on Kentucky Thoroughbred Farm Managers’ Club president Donnie Snellings’ page that called on followers to “Re-post if you are still boycotting the NFL.” VanMeter, who is white, responded with a post that used an abbreviation of the N-word. He later posted, “Put em back in their cage!!!” Associated Press last_img read more