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

BT targets banks and retailers with FM offer

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Queensland’s property flipping hotspots rise as profits roll in

first_imgThe bathroom after the renovation work.Queensland’s worst place to flip properties owned between one to two years was Townsville last year where 48.8 per cent were losses.Across the combined capitals, property flipping has gone from 5.1 per cent in 2012 to 5.7 per cent last year — a rise that was being mirrored across regional Australia as well, the report said.Renovation queen Cherie Barber has worked on over 100 flipped projects and trained hundreds of Queenslanders to “manufacture equity” in property through renovations and upgrades.“You can buy a profitable property at any time, but not every property on the market will be profitable,” she warned potential flippers. Bathroom before celebrity renovator Cherie Barber got stuck into it. TV presenter and renovator Cherie Barber has helped hundreds of Queenslanders add equity through renovations. Picture: Luke Marsden.PROPERTY flipping is on the rise with profit hotspots emerging across three parts of South East Queensland.A massive 90 per cent of properties flipped last year — that is, bought and re-sold within one to two years of purchase — went for a profit across Brisbane, with the figure sitting at 88.3 per cent in regional Queensland.The latest CoreLogic data found three hotspots had emerged in the state — the Gold Coast, Moreton Bay North and Ipswich.“Property flipping was most prevalent in the Gold Coast, comprising 7.9 per cent of re-sales for properties held between one and two years,” according to CoreLogic’s Flipping Report, released yesterday.The GC region also experienced Queensland’s biggest growth in flipping, up 1.3 per cent over the previous year’s data.Queensland’s highest percentage of successful flips came from Moreton Bay North in 2017, where 95.6 per cent of properties re-sold within two years were profitable. A kitchen before it was made over by celebrity renovator Cherie Barber’s company Renovating For Profit.More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours ago The kitchen after the renovation using White Knight products.And for those in the market for a quickie, the area that was able to deliver the highest percentage of properties bought and flipped for a profit in under a year was Ipswich (92.7 per cent).According to the report, short term property trading profits come off “buying undervalued property and reselling at a higher price, buying property at market value and riding the capital growth curve, or by adding value to the property in some way (renovation, subdivision, development approval etc)”.CoreLogic warned that flippers needed to take into account transactional costs such as stamp duty and conveyancing, as well as selling costs like marketing and real estate agent commission, plus interest payments on the debt as well as capital gains tax on the profit.“When housing markets are running hot, it makes sense that flipping would become more popular while when a market is weaker, owners are likely to have to hold onto properties for longer in order to return a profit.”last_img read more

Lothian in-house manager to target alternatives, private sector mandates

first_imgThe focus on alternative assets would see Lothian build on its partnership with the £1.8bn Falkirk Council Pension Fund, for which it currently advises on a £30m infrastructure mandate.The fund also cited its alternatives portfolio as one of the driving forces behind its 16.5% return over the course of the most recent financial year. Lothian is not the first LGPS to work closely with fellow local authority funds, following on from several collaborative efforts by the London Pensions Fund Authority (LPFA) with both Greater Manchester Pension Fund and Lancashire County Pension Fund.The initiatives were spurred by the UK government’s desire to pool LGPS assets, currently worth £230bn across 101 funds.The partnership between the LPFA and Lancashire has also said it will apply for FCA authorisation, as has the collective investment vehicle backed by London’s 32 boroughs.But Lothian is believed to be the first to declare publicly its intention to work with funds outside of the LGPS.Lothian’s statement added that the corporate structure for its SPV would emulate that of equivalent private sector funds, which would allow the further development of its in-house team.Funds including those for employees of BAE Systems, Barclays and BP have in-house asset managers. As of May, LPFE Limited, the company wholly owned by Edinburgh council, directly employs five of Lothian’s in-house team, including investment and pensions service manager Clare Scott.Lothian added that, in applying for FCA authorisation, it would “further support and reinforce” the in-house team’s status as professional investors, alluding to changes to financial regulation requiring a greater focus on staff expertise.The emphasis on the team’s professional status is a likely reference to the revised Markets in Financial Instruments Directive, which will classify LGPS clients as retail investors.The Local Government Association has warned that a reclassification could trigger a fire sale of LGPS assets worth £115bn. Lothian Pension Fund’s in-house investment team will compete for private sector mandates once it receives approval from the UK’s regulator, the first local authority fund manager to do so.The Edinburgh-based scheme said it filed for Financial Conduct Authority (FCA) authorisation, a year after winning approval for a standalone, limited company and two special purpose vehicles (SPVs) to house its investment staff, and hoped to receive approval by early 2016.In a statement, the £5.5bn (€7.5bn) local government pension scheme (LGPS), which currently manages 60% of its assets internally, said FCA authorisation would offer regulatory certainty.“The structure will also allow [Lothian] to collaborate more effectively with LGPS and other private sector pension funds/institutional investors in the alternative investment and other markets in which it operates,” it said.last_img read more

Only largest Dutch schemes implement UN’s sustainable goals

first_imgAccording to the VBDO, the most cited reason why Dutch pension funds embraced the SDGs was that they considered it part of their fiduciary duty. They also cited “ethical” and reputational reasons.The organisation said that just seven of the participating schemes – including the €407bn civil service scheme ABP, metal industry pension funds PME and PMT, and multi-sector scheme PGB – reported SDG-related investments or policies.Jacqueline Duiker, researcher for the VBDO, said that most pension funds were discussing how to meet SDG targets, such as combating poverty and climate change, before 2030.“Such an approach takes much time, whereas most SDGs still lack very concrete investment criteria,” she said.She suggested that a pension fund could also opt for a step-by-step implementation, citing as an example PME, which intends to invest 10% of its €47bn of assets in SDGs over the next five years but hasn’t yet decided how to do so.“Such a decision, however, indicates a direction and acts as a dot on the horizon for everyone in the organisation,” Duiker said.APG, PGGM and MN – the providers for the Netherlands’ largest four pension funds – are considered as the frontrunners on the implementation of the SDGs, with APG and PGGM having developed a taxonomy that could assist other schemes when assessing their investments.Duiker said she expected that a dozen other pension funds would start implementing and reporting about the UN’s sustainable goals in the near future.In her opinion, SDGs were not an ad hoc phenomenon “as they are easy to understand and less abstract than ESG criteria”.“Moreover, these targets generate a common language, enabling better communication between governments, investors and asset managers,” she argued.The VBDO found that pension funds had a significant preference for the SDGs relating to climate and affordable clean energy, as many of the goals were not defined in terms of measurable targets.Duiker said pension funds already involved in the implementation of SDGs could educate other schemes by being transparent about their activities.The survey showed that 17% of the participating schemes never discussed SDGs and one-third did so only once a year. Only a limited number of large Dutch pension funds have incorporated the UN’s Sustainable Development Goals (SDGs) into their investment policies, according to a survey.The Netherlands’ largest schemes have adopted the SDGs because they have the necessary capability and expertise, reported the Dutch Association of Investors in Sustainable Development (VBDO).The lack of clarity about financial consequences and the measurability of progress also limited uptake of the SDGs, according to the VBDO’s report.The lobbying organisation, which looked at the 42 largest schemes, said that smaller pension funds in particular found it difficult to apply the UN goals.last_img read more

1000 Kiwi doctors sign letter against euthanasia

first_imgNZ Herald 23 June 2019Family First Comment: The doctors said they were “committed to the concept of death with dignity and comfort”, including effective pain relief and excellence in palliative care. And they uphold the right of patients to decline treatment.One thousand doctors have signed a letter saying they “want no part in assisted suicide”.They have urged politicians and policy-makers to let them focus on saving lives and care for the dying, rather than taking lives, which they deemed unethical – whether legal or not.The letter comes as Parliament is due to start the second reading debate on Act MP David Seymour’s End of Life Choice Bill on Wednesday.The doctors said they were “committed to the concept of death with dignity and comfort”, including effective pain relief and excellence in palliative care. And they uphold the right of patients to decline treatment.But the 1000-strong group said it believed “physician assisted suicide and euthanasia are unethical, even if they were made legal”.“We believe that crossing the line to intentionally assist a person to die would fundamentally weaken the doctor-patient relationship which is based on trust and respect,” the letter reads.“We are especially concerned with protecting vulnerable people who can feel they have become a burden to others, and we are committed to supporting those who find their own life situations a heavy burden.”Finishing, they said: “Doctors are not necessary in the regulation or practice of assisted suicide. They are included only to provide a cloak of medical legitimacy.“Leave doctors to focus on saving lives and providing real care to the dying.”The letter – along with 1000 names of the doctors who support it – has been published as a full-page advertisement in today’s Herald on Sunday.https://www.nzherald.co.nz/index.cfm?objectid=12242957&ref=twitter (behind paywall)Keep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

Ohio Crash Claims Jennings County Couple

first_imgWAYNESVILLE, Ohio — A North Vernon couple was killed in a three-vehicle crash in Ohio on Tuesday afternoon.Authorities say the crash happened after an Ohio woman failed to stop her car at an intersection in Waynesville, about 35 miles northeast of Cincinnati.The Republican is reporting that the car struck a box truck, leading to a head-on collision with a minivan driven by Robert Large, 66, of North Vernon. A passenger in the vehicle was identified as his wife, Margaret Large, 66.The couple was pronounced dead at the scene.The drivers of the car and truck were taken to the hospital with injuries. No word on their current condition.The crash remains under investigation.last_img read more

Update on the latest in sports:

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditMLB-OBIT-BECKERTFour–time All-Star Beckert diesCHICAGO (AP) — Glenn Beckert’s baseball exploits can be overshadowed by his four Hall of Fame teammates, but his contributions were vital to the success of the Chicago Cubs during the late 1960s and early 70s. The four-time All-Star second baseman has died of natural causes at age 79, according to his family.Beckert won a Gold Glove in 1968 before earning All-Star berths over the next four seasons. He had the best strikeout-to-at-bat ratio in the National League five times and finished third in average when he hit a career-high .342 in 1971.Beckert teamed with shortstop Don Kessinger for his entire nine-year Cubs career to form one of the best double-play combinations in baseball.Beckert compiled a .283 average in an 11-year career that began with the 1965 Cubs and ended with the 1975 Padres.GOLF-SANDERS OBIT Golf standout Doug Sanders diesUNDATED (AP) — Doug Sanders brought a flamboyance to golf fashion ahead of his time, a colorful character known as much for the 20 times he won on the PGA Tour as the majors that got away.Sanders died Sunday morning in Houston, the PGA Tour confirmed through a text from Sanders’ ex-wife, Scotty. He was 86.Sanders was still an amateur when he won his first PGA Tour event in 1956 at the Canadian Open in a playoff. His best year was in 1961 when he won five times and finished third on the PGA Tour money list.But he is best known for four runner-up finishes in the majors, the most memorable at St. Andrews in the 1970 British Open. Needing to sink a 3-foot par putt on the final hole to beat Jack Nicklaus, Sanders muffed it before losing to Nicklaus in a playoff the following day. Associated Press AUTO RACING-OBIT-MOSSFormer Formula One driver Stirling Moss dead at 90LONDON (AP) — Motor racing great Stirling Moss has died at the age of 90.The daring and speed-loving Englishman was widely regarded as the greatest Formula One driver never to win the world championship.Moss’ wife said he died peacefully at his London home following a long illness. Susan Moss says “it was one lap too many. He just closed his eyes.” April 12, 2020 Update on the latest in sports: UNDATED (AP) — A Spanish soccer team plans to have its players resume training individually this week. Real Sociedad would become the first Spanish soccer club to resume activities during the coronavirus pandemic.The club says players will have the option to start practicing at the team’s training center after the Spanish government decided to ease some of its lockdown measures. Non-essential workers will be allowed to return to their positions this week while observing social-distancing guidelines and other restrictions.In other developments related to the coronavirus pandemic:— Former British soccer star Kenny Dalglish has expressed “immense gratitude” to National Health Service staff after returning home from the hospital following his coronavirus diagnosis. The 69-year-old former Celtic, Scotland and Liverpool forward was hospitalized Wednesday for treatment on gallstones and subsequently tested positive for COVID-19 despite not showing symptoms.— Smaller cities and communities are dealing with the cancellation of showcase sporting events. For Oklahoma City, that means losing the Women’s College World Series. The annual event determines the NCAA softball championship. It has been hosted by Oklahoma City every year but one since 1990. Last year, it brought in an estimated $14 million to the city and its businesses. Even more was expected this year because of a stadium seating expansion.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Moss was affectionately known as “Mr. Motor Racing” and had a fearless and often reckless attitude. That took a toll on his slight body and his career ended at age 31 after a horrific crash. Moss won 16 of the 66 F1 races he entered.He said, “If you’re not trying to win at all costs, what on earth are you doing there?”Moss was hospitalized with a chest infection in 2016 that led to him retiring from public life in 2018.SPORTS-VIRUS OUTBREAKSpanish soccer team to resume traininglast_img read more

Former athlete Rocky McPherson, Guyana’s treasure, remembered

first_imgTHE athletics fraternity was plunged into mourning a few days ago, with the passing of Rocky McPherson, considered by many as one of Guyana’s best athletes in the late 40s through to the 60s.“His impact on track and field in Guyana was significant,” said former Athletics Association president Claude Blackmore, who remembered the ‘pint-size’ athlete after his athletics career was over. He was employed as one of three County coaches by the Government of Guyana through the Ministry of Education.Speaking to Chronicle Sport, a former athlete, Neville Denny, who competed during McPherson’s reign on the track, recounted: “Rocky was our champion. Back in those days, you had the 100 yards dash and he used to beat whoever they brought.”“Barry Massy used to keep Games twice a year, around the Easter and the August holidays, when all the top athletes from around the Caribbean used to come to Guyana to compete. Athletes like George Lewis, who used to run for Trinidad and represented them at the 1948 Olympics. He came to Guyana and Rocky used to beat them all of them,” Denny said.“I also remember one time they brought McDonald Bailey to Guyana. Those times, Bailey was a top athlete. He had won an Olympic medal (bronze in 1952), and Rocky was right up there. He was a special talent, Rocky, and everyone loved him,” Denny recalled.According to Denny, McPherson was also very helpful to other athletes. “I used to run the 400m and he used to come to us, help with technique and so on, always there to correct you and always ready to assist in any way. He went to Germany to be a coach and when he came back he was responsible for a lot of athletes back in those days.”Former Prime Minister Hamilton Green, an athlete himself during McPherson’s track career said, “To the older generation Rocky, his household name, was one of our best known athletes. In my early athletic days Rocky was small in stature but technique and speed earned the admiration of many of us.”“Rocky never gave up athletics and won many medals and acclaims as he continued into his later years, never giving up or accepting advancing age as a hindrance or impediment.Rocky’s continuous athletic progress is a sterling example to many of us who gave up our sporting activity as we approached the proverbial middle and later age,” said Green who is also Georgetown’s longest-serving Mayor.Green believes that the Athletics Association of Guyana (AAG) and the Ministry of Social Cohesion should, “do something to remember this sporting giant. I remember Rocky on and off the athletic track, always pleasant with a smile, and his conversations were always optimistic and uplifting.“He ran an excellent race; he has taken the inside track of the final bend and has now passed the finish line into eternity. May his soul rest peacefully!”last_img read more

Three first division female clashes on opening day of National Indoor Hockey Championships

first_imgTHREE first-division female games, including one between defending champions the Woodpecker Hikers and Saints will highlight the opening day of the 2019 GTT National Indoor Hockey Championships, which starts this afternoon at the Cliff Anderson Sports Hall.According to president of the Guyana Hockey Board, Philip Fernandes, all systems are in place for today’s openers.Speaking to Chronicle Sport during a practice session yesterday, Fernandes, who plays in the veteran division and serves as the GCC female teams’ coach, indicated that the one-week event is expected to be competitive.“This year we have more juniors than in the past and we expect really good quality hockey.”The juniors in both male and female divisions will look to prove themselves against their peers and their older counterparts. Again, club pride will be at stake in the multi-category championships.Various clubs are using the tournament as a warm up for the upcoming Diamond Mineral Water International Hockey Festival.Today’s scheduleThe feature female game on the opening day is scheduled to start at 20:20h, followed by the men’s first division opener between Bounty GCC and YMCA Old Fort.Action bullies off from 17:00h, with Saints Sensations tackling YMCA Old Fort Hard Ball in a second division Men’s Group A battle.GBTI GCC Spice and YMCA Old Fort Bloods will then match sticks from 17:45h in the female first division opener, which will be followed by another female clash with GBTI GCC Tigers playing against the GBTI GCC Spartans.The lone Over-35 clash is scheduled to start at 19:35h between Bounty GCC Vintage and Antonio’s Hickers.The male defending first division champions, the Pepsi Hikers, who are again favourites to win the title, will be in action in the feature clash of another six-game battle tomorrow evening.At least six games will be played per night for the rest of the week before quarter-final actions takes place on Saturday from midday. The semi-finals will take place on Sunday morning and early afternoon, before the over 35-final is played at 16:00h, the men’s second division final is at 17:00h, while the women’s first division final is at 18:00h and the men’s first division final at 19:00h.last_img read more