The Run Croatia platform is expanding day by day

first_imgThe initiative to join the project came from Berislav Sokač and his team from the Run Croatia project. The goal is to include students in as many high standard races as possible, but also to help in their organization.Less than two months have passed since Croatia received the first Run friendly hotel in Europe, and now there are new hotels on the Run Croatia list that can boast a special offer for millions of runners around the world. Namely, after the LifeClass Terme Sveti Martin, the first hotel in Zagreb, the Westin Zagreb hotel and the Falkensteiner park hotel Punat, joined the Run friendly hotel in Croatia. More importantly, the list of Run friendly hotels will soon increase by a couple of times.Positive energy, passion, vision and a great tourist story – these are the main elements of the team behind the Run Croatia concept, ie the Eco system that is expanding from month to month in Lijepa naša and includes more and more partners building a special and unique platform for runners. The essence of the Run friendly Eco system, ie the entire platform raised by the Run Croatia team with its partners, is that the system starts working for itself. To achieve this, good content and diverse partners are needed who offer a wide range of quality services and products for a specific target group, in this case for runners, said Berislav Sokač from Run Croatia recently in an interview for HrTurizam.hr.Since Croatia is a tourist country, the whole story includes various partners, from Run friendly hotels, health clinics, restaurants, gluten free and organic food producers to banking through eWallet or cashless payment through the blockchain 2.0 loyalty program.Edward Bernays College of Communication Management, Croatia airlines and Duh u Boci distillery – new partners of the Run Croatia platformIn the entire Run Croatia platform, which is expanding day by day, there is already the Bagatin Clinic, the mentioned hotels, Motion Travel – the first travel agency specializing in runners, family farms, the Zdravi Pinklec platform, and recently Edward Bernays Visoka school for communication management and distillery Duh in Boca.”We signed a Contract with the first Run Friendly Academic Institution. Among other things, students will have fieldwork volunteering in races to have a socially responsible activity, and will have a recommendation for employment in Run Friendly companies. ” Sokač points out, and adds that cooperation has also been agreed with the Duh u Boci Distillery, which has become the first Run Friendly Distillery. Old Pilots Gin is the first Croatian craft gin made exclusively from plants harvested in Croatia. “It is the connection with the Spirit in the Run Croatia bottle that wants to show that it is more than running, because running is a symbol of running”Emphasizes Sokač.Also, cooperation has already been established with various family farms that offer gluten free and organically grown food, as well as two cherry and chokeberry plantations. The whole eco system was joined by the Zdravi Pinklec platform, which delivers healthy, home-made, organically grown food, and to make the whole story self-sustainable, these family farms are directly connected to Run friendly hotels, where they distribute.In cooperation with Croatia Airlines, as the first airline in the world with an offer for runners, it will initially offer air tickets at a 20% discount on the routes they fly to encourage domestic runners to experience European races and foreign runners to come in large numbers. run to them. “ The idea is that together with Croatia Airlines we are working on the promotion of the country as a country moving away from car destinations. Our target group is 55 million active people that we want to bring in a faster and more comfortable way. I am already positive with the development of the project, but I will be completely satisfied when we paint at least one Croatia Airlines plane with the slogan: Fly to Run Croatia with Croatia Airlines. In my opinion it is the only real call to action for the development of our tourism and economy. The message is carried by two positive verbs, fly and run. Run has meaning and initiation, so even in a business context it is stimulating. Imagine using that message wisely in marketing and having a plane connect markets where 25% of the population runs on the Run?”Says Sokač.But this story is certainly not the end, because the plan is to include other health institutions, banks through the blockchain 2.0 loyalty program and many other services and products related to runners, because running is not just running, but a way of life. Win – Win and a unique example in Croatia, if not in the world. An example that, I am sure, in a couple of years will be presented at the UNWTO platform for sustainable tourism development and become one of the top Croatian export products.”Run Croatia platform open to all who with their positive energy want to start a better society as a whole and these economic processes”Concludes Sokač. Join the Run Croatia eco system and be part of a positive change. This is how strategic and sustainable tourism is developed.From one small but strong idea, Run Croatia has grown into a big project – a platform for the development and promotion of the entire destination (Croatia) through the concept of running or Run friendly destination. It has grown into a project of strategic importance for our entire tourism, at least it should have such a status. If you think I’m exaggerating, just wake up a little awake and imagine the possible future development and implications of this whole story.The whole concept includes destinations, better tourist spending and better guests, sports, healthy lifestyle, health clinics, gastronomy, family farms, healthy food, air transport, education, specialized travel agency, hotels, banks, clothing and footwear… continue series .In the end, let me conclude, such projects, heroes and ambassadors of Croatian tourism are our future and the direction of development of our tourism. This is how tourism develops strategically and sustainably, this is how it develops before and after the season, because runners avoid the “peak” of the season due to crowds and crowds, this is how tourism develops, and not that tourism continues to develop by inertia.Quality development is not accidental.It is the fruit of strategic thinking, synergy, creativity and proactivity of each individual, company, destination, State.It’s all up to us, whether we want quality growth and development or growth by inertia and the status quo. Individuals such as the team behind the Run Croatia project are struggling in the market and developing day by day, without synergy with tourism institutions, and the question is whether they will continue their “happiness” in Croatia or find it in other environments where their ideas, passion and energy to be recognized.last_img read more

Birmingham moves on PPG15

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People

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ECB’s Lagarde asked euro zone ministers to consider one-off ‘coronabonds’ issue: Officials

first_img“She clearly said it should be a ‘one-off’ issuance,” the second official involved in the meeting said.“There was opposition from the usual corners, but also a lot of support beyond Club Med,” the official said, referring to southern European countries.The rebuff from northern countries shows how the 19-country currency bloc is still divided on sharing the burden of the crisis.Officials said Lagarde did not go into details of the suggested one-off joint debt issue such as an amount, or the legal way in which such borrowing could be set up. European Central Bank chief Christine Lagarde asked euro zone finance ministers during a videoconference on Tuesday evening to seriously consider a one-off joint debt issue of “coronabonds” to help fight the coronavirus pandemic, four officials said.“She said that we should seriously think about it, next to the use of the ESM (bailout fund) instruments. The Eurogroup did not discuss debt mutualization at this stage,” one official involved in the meeting said.A second official confirmed that Lagarde put forward the idea, but said it ran into opposition from Germany, the Netherlands and other northern European countries that have long been against any joint debt issuance. The ministers instead expressed broad support for the possibility that the euro zone’s ESM bailout fund would extend precautionary credit lines, worth some 2% of a country’s GDP, to member states that would like such a safety cushion.A decision on whether to go ahead with that option will be taken by European Union leaders on Thursday.The ESM credit line, kept in reserve, would allow governments to keep financing themselves in the markets at low rates and pave the way for unlimited ECB bond buying under the Outright Monetary Transactions (OMT) program, if it is needed.Officials said Lagarde considered the idea of a blanket ESM program as good insurance policy — a phrase also used by the chairman of euro zone finance ministers Mario Centeno after the videoconference.But officials noted Lagarde considered the bank’s own pandemic emergency bond purchases with 750 billion euros as a more flexible instrument to calm markets, given it was not linked to any conditions like OMT purchases were.But it was clear the OMT option — a tool announced at the height of the bloc’s debt crisis in 2012 and as yet unused — was very much in the arsenal and could be deployed as and when needed, officials said.Topics :last_img read more

US suppliers convene in Kansas City

first_imgNORTH AMERICAN track maintenance experts and suppliers will be congregating in Kansas City, Missouri, this month, for the Expo 97 show organised by the Railway Engineering-Maintenance Suppliers Association. Running from September 7 to 10, Expo 97 will be held in the H Roe Bartle Hall of the Kansas City Convention Centre, with shuttle buses to and from an outdoor exhibition at Norfolk Southern’s North Kansas City yard.Most major suppliers of infrastructure maintenance and construction equipment will be present at Expo 97. Track welding specialist Holland will be presenting a computerised weld monitoring system on its stand, and its latest TrackStar track testing vehicle at the outdoor display. The Miner Enterprises stand will be featuring the remote-controlled version of the AggreGate air-actuated ballast hopper gate, with single and dual-cylinder models fitted to a ballast wagon on show at the outdoor exhibition. Pandrol Jackson will be demonstrating its RTI-10 24-channel portable rail flaw tester, with the System 1000 rail flaw detection truck and Stoneblower ballast injection machine (p595) on show at North Kansas City. Stanley Hydraulic Tools will be complementing its indoor static display with outdoor demonstrations of its rail drills, rail saws, grinders, spike drivers and impact wrenches. Small machinery is also offered by Ballast Tools Inc. Zeta-Tech Associates will be featuring its software for facilities management, maintenance planning and real-time data acquisition.Track material suppliers exhibiting at Expo 97 include Pohl Corporation, displaying rail, spikes and switch stands with ’back-saver’ handles. Rail fastenings specialists A&K Railroad Materials, L B Foster and Pandrol Inc will be participating, as will switch and crossing suppliers ABC Rail Products and VAE Nortrak, and buffer stop manufacturer Western-Cullen-Hayes Inc. Level crossing manufacturers Omni Products Inc and Premier Concrete Railroad Crossings will be exhibiting, as will concrete sleeper supplier CXT Inc and Cleveland Track Material. Amongst the contractors present, Loram Maintenance of Way will be using interactive CD-ROM kiosks to present its range of services. Other track machine specialists include Geismar – Modern Track Machinery and Chemetron True Temper. Operations and maintenance contractor Herzog Contracting Corp will have details of its various projects, which include a contract to operate the Tri-Rail commuter service in Florida.Conference programmeThe Roadmasters & Maintenance of Way Association of America and the American Railway Bridge & Building Association are holding their annual joint technical conference in conjunction with Expo 97 . The theme for 1997 is ’Meeting the Challenges of the 21st Century’. Papers presented to the joint session on September 8 will discuss the reconstruction and reopening of BNSF’s Stampede Pass line in Washington state, the Alameda Corridor project in Los Angeles (p609) and safety improvement trends in maintenance-of-way equipment. oFor show details contactREMSA, 210 Little Falls Street, Suite 100Falls Church, Virginia 22046, USATel: +1 703 241 8514Fax: +1 703 241 8589last_img read more

AP1 invests $250m in low-vol ‘resource-efficient’ equities fund

first_imgHe said sustainability aspects were important considerations in every investment AP1 made.“In our view, efficient use of scarce resources is not only key to addressing global challenges but also contributes to long term returns,” Angberg added.Osmosis said its new fund aimed to produce higher risk-adjusted returns than the MSCI World and MSCI World Minimum Volatility indexes by investing in a minimum-variance portfolio of “resource-efficient” stocks.It is targeting a return of 2% more than that of the MSCI World Developed Minimum Volatility benchmark over a market cycle, while at the same time cutting investors’ ownership of carbon, water and waste relative to the benchmark by more than 70%.Sweden’s AP funds have been reducing their portfolios’ carbon footprints for some time, and agreed a joint reporting system for this in 2015.Ben Dear, founding partner at Osmosis Investment Management, said the firm had been seeing more demand for both style and regionally-based portfolios, where economic and environmental returns were not mutually exclusive.“The growth in assets deployed against our resource efficiency thesis over the past 12 months is further testament to the forward-thinking nature of the holders of long-term capital,” he said. “There is a growing understanding that the sustainable deployment of capital is a potential source of additional alpha.” Swedish national pensions buffer fund AP1 is investing $250m (€235m) in a new fund launched by Osmosis Investment Management targeting low-volatility stocks that are also considered efficient in their use of environmental resources.One of the aims of the new fund is to address concerns that low volatility portfolios have more exposure to resource-intensive industries such as the utilities sector, which Osmosis said have “significant non-financial risks”.The SEK290bn (€30.5bn) Swedish pension fund has seeded the Osmosis MoRE World Resource Efficiency Fund – Low Volatility.Mikael Angberg, chief investment officer of AP1, said: “With respect to AP1’s overall portfolio, this investment not only reduces our carbon footprint but also improves water efficiency and waste management while keeping a low volatility profile.”last_img read more

Hymans calls on trustees to consider commercial consolidators

first_imgHymans Robertson is urging pension fund trustees to fully understand and consider the advantages of commercial consolidators to mitigate against covenant risk.Covenant risk is far higher for members of defined benefit (DB) with B-rated sponsors as they could face a whopping 50% chance of a cut in benefits due to their sponsoring employer going insolvent before the pension scheme is fully funded on a buyout basis, the consultancy said.Based on the average buyout funding level of 70% in the UK at the moment, Hymans Robertson has calculated that even those corporates with better credit ratings did not fare well.For a scheme with a BB rated sponsor there is a 33% chance of a haircut to members’ benefits, while for a BBB rated company – the most common credit rating in the FTSE 350 – there is still a 15% chance of a reduction in benefits. This risk of a ‘haircut’ continues even when the scheme is no longer reliant on sponsor contributions because an insolvency event triggers a wind-up of the scheme, forcing annuity purchase, it added.Alistair Russell-Smith, head of corporate DB at Hymans, said: “In reality the position is likely to be even worse than this because schemes with weaker sponsors unfortunately tend to be more poorly funded.”The Pensions Regulator’s 2020 funding analysis shows the average buyout funding level for schemes with weak or tending to weak covenants is only 62%. ”The likelihood of employer default and a haircut to benefits is therefore very real for the 32% of UK DB members in these schemes,” Russell-Smith said.He believes consolidators can mitigate this risk because scheme wind-up is no longer triggered on the insolvency of the ceding employer, meaning members continue to receive full benefits.“For example, if a scheme moved to a commercial consolidator there is only a haircut to members’ benefits if the consolidator’s wind-up trigger is reached,” he explained.For DB consolidator Clara-Pensions, Hymans has calculated this risk at less than 3%. “The risk is so much lower because of the improved funding and lower risk investment strategy, and because wind-up is no longer triggered on employer insolvency,” Russell-Smith said.“Trustees in these schemes should seriously consider transferring to a consolidator if the funding is available. It improves member security when taking full account of the exposure to covenant risk. In some cases this may even be without the need for a cash injection from the ceding employer.”To read the digital edition of IPE’s latest magazine click here.last_img read more

Senvion TWB II Turbine Contract Now Effective

first_imgSenvion informed on 8 May that its contract for the 203MW Trianel Windpark Borkum II (TWB II) is now effective, following the confirmation of the notice to proceed with Trianel Windkraftwerk Borkum II GmbH & Co KG at the end of April.The conditional contract for the turbine delivery and service for the TWB II offshore wind project was signed in September 2016.With the contract completion achieved, the project can now enter the next phase of development.The TWB II offshore wind farm will consist of 32 Senvion 6.2M152 turbines with a power upgrade, and will be installed in water depths of 25 to 35 meters.The wind farm will produce around 800 million kilowatt-hours of electricity every year, enough to supply around 210,000 households annually. The wind farm will be installed 45 kilometers north of the island Borkum in the German North Sea and will be located close to the alpha ventus wind farm, operational since 2009 and equipped with six 5M 126 Senvion offshore turbines.The installation of the turbine components at the TWB II offshore wind farm site is planned for spring 2019.Jürgen Geissinger, CEO of Senvion, said: “It is particularly significant that Senvion has been awarded one of the last offshore projects under the current German feed-in tariff regime. This confirms our solid position in the offshore market and proves that our product developments and innovations continue to set standards in the cost-effective generation of offshore wind energy.”Klaus Horstick, Commercial Director of TWB II, said: “A half year after contract signing I am very pleased that we could successfully start the realization phase together with Senvion. From spring 2018 onwards the Trianel Windpark Borkum II will be installed in the North Sea and will expand the municipal offshore engagement.”last_img read more

Reduce personal income tax – senator Bazil

first_img Share 103 Views 2 comments Tweet Share LocalNews Reduce personal income tax – senator Bazil by: – July 20, 2012center_img Share Senator Ezekiel BazilEzekiel Bazil, who contested the Wesley constituency at the 2009 general elections on a United Workers Party ticket, has proposed that the government should reduce the personal income tax rate or remove it altogether.Bazil told the Parliament on Wednesday that this reduction should be considered as it will lessen the burden on tax payers if the Value Added Tax (VAT) is being preserved.He explained that it is burdensome on tax payers to pay both the personal income tax and the value added tax.“This government intend to collect taxes of 33 million dollars from this small working pool and an additional 181 million dollars from VAT knowing that every person paying VAT are also paying income tax; this cannot be right to the people”.According to him, citizens who pay these taxes also need to be able to maintain their families and therefore need spending power.“I call on this Labour government Madam Speaker, to remove or reduce personal income tax and to give the working class some spending power, because these are the same persons Madam Speaker, after they have paid all this income tax, they are still subject to VAT, telephone, water, electricity, petroleum products. Madam Speaker if you go to the World Creole Music Festival, Madam Speaker, they are subjected to this VAT”.He proposed that instead of having both taxes; personal income tax and VAT, one should be removed.Bazil also noted that VAT and personal income tax are going to account for “fifty-eight percent of our gross revenue”. Dominica Vibes News Sharing is caring!last_img read more

UPDATE: Police searching for man wanted in Jefferson County

first_imgOriginal Story—Early Thursday morning, the Madison Police Department were dispatched to Central Tavern on Mulberry Street, in reference to a gunshot. Upon arrival, officers allege Brandon Stephens, age 42, had pointed a firearm at a female and fired it, barely missing the victim. The incident is currently investigation by Madison Police Department Detectives. Brandon Stephens should be considered armed and dangerous and should not be approached. If you were a witness to or have any information regarding the incident, please contact Madison Police Department Detectives Ricky Harris or Kyle Cutshaw at 812.534.4407. If you see Brandon Stephens out and about, please call 911. Madison, IN—UPDATE—Early Tuesday morning, Madison Police Department Officers and Jefferson County Sheriff’s Deputies conducted a search warrant at a residence located on Wolf Run Road in Jefferson County, Indiana. Brandon Stephens, 42, was arrested without incident on the charges of attempted murder and criminal recklessness with a deadly weapon. Two others were arrested for aiding or harboring a fugitive.The arrest of Brandon Stephens stems from a shooting that occurred at the Central Tavern in downtown Madison on October 10.last_img read more