Arena Hospitality Group opens a hotel in Zagreb

first_imgWhen the hotel opens, it will have 115 rooms, will feature a renowned restaurant and bar, a wellness and spa center, a gym, conference facilities and parking. Arena Hospitality Group announced today that they have signed a 45-year lease agreement for a historic building in the center of Zagreb, for the purpose of developing and managing a modern branded hotel in Zagreb. The hotel is expected to open within 24 months. Two days ago, Arena Hospitality Group announced a new investment cycle in 2020, and the most important news is that the complete renovation and repositioning of the popular Hotel Brioni is finally starting. Read more in the attachment. Although for now there is no official information about the exact location of the future hotel, the first step will be to obtain all the necessary permits to decorate the historic building. “This transaction is another important step for the Group in carrying out its strategy to strengthen its presence in Central and Eastern Europe. The new hotel in the center of Zagreb will increase the geographical spread of the Group’s portfolio, which is currently centrally positioned on the Istrian coast, and will reduce the exposure to seasonality. This addition to the portfolio will also contribute to strengthening the Group’s profile in the senior, senior and lifestyle segments. ” stand out from Arena Hospitality Group.center_img Arena Hospitality Group is expanding its portfolio by opening a hotel in Zagreb. ARENA HOSPITALITY GROUP CONTINUES INVESTMENT CYCLE IN 2020 RELATED NEWS: The complete renovation and repositioning of the popular Hotel Brioni is underwaylast_img read more

Goldman Sachs reviews options for City block

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Wet your hands not your whistle: South Korean ‘soju’ diverted to sanitizers

first_imgTopics : South Koreans drink an average of about 12 shots of soju each week, media say, citing industry figures. (The Jakarta Post/Arief Suhardiman)The chemical can also be made from petrochemical feedstock.Whether used for liquor or disinfection, both have the same chemical structure and can break apart the virus particle, said Lee Duckhwan, a chemistry professor at Sogang University in Seoul, the capital.”If there’s any difference, that is the liquor tax imposed on ethanol produced by liquor makers,” Lee said.The virus fears boosted February sales of soaps and hand sanitizers, including those with an alcohol base, to four times the level a year ago, data from a major retailer Lotte Mart shows. Shares of ethanol producers also jumped.Following Daesun Distilling, Hallasan Soju, based on the resort island of Jeju, also provided 5 tons of ethanol to authorities on Tuesday, a company official said.  “Ethanol demand for disinfection has grown while supply is limited…we have decided to provide it,” an official of Daesun Distilling, based in the southeastern city of Busan, told Reuters.To banish the virus, the company has pledged to donate 32 tons of ethanol for use in disinfecting buildings and public places in Busan and southeastern Daegu, the city at the center of South Korea’s outbreak.”We plan to keep donating until the coronavirus outbreak is stabilized and to donate 50 tons more,” added the official, who sought anonymity as he was not authorized to speak to media.South Koreans drink an average of about 12 shots of soju each week, media say, citing industry figures. Ethanol for alcoholic drinks can be produced by fermentation or distillation, typically from grains and plants.center_img Makers of soju, South Korea’s national drink and one of the world’s best selling spirits, are jumping into the fight on the largest outbreak of coronavirus outside China by sharing their stockpiles of alcohol with makers of sanitizers.Disinfectants, such as hand sanitizers, are flying off the shelves, along with medical-grade masks, as infections in South Korea have surged past 5,000 in just over a month since its first patient was diagnosed.South Korean soju makers have responded to soaring ethanol demand for sanitizers by donating the alcohol that goes into the drink, a distilled spirit with 17% to 20% alcohol by volume traditionally based on rice, but now often wheat or potatoes.last_img read more

FTT to cost Dutch pension funds €250m per year despite exemption

first_imgThe FTT zone is likely to comprise all EU countries except the Netherlands, the UK, Luxembourg, Malta and the Czech Republic.The DNB excluded derivatives and repos from its calculations, as it assumed the trade would move out of the FTT area, Dijsselbloem said.The European Commission is intending to tax each derivatives transaction by 0.01%.The minister suggested that falling demand for derivatives, or the extension of duration triggered by the FTT, could lead to pension funds failing to fully hedge their financial risks.The so-called Tobin tax could also hit Dutch pension funds indirectly, the Treasury warned, as middlemen and clearing members could pass on FTT costs.In Dijsselbloem’s opinion, the introduction of the tax could also reduce liquidity on financial markets, and possibly increase the bid-ask spread and transactions costs.Even an FTT exemption for pension funds would be unlikely to counter this effect, he said. The European Commission’s controversial financial transaction tax (FTT) will set Dutch pension funds back by at least €250m every year, even though the country has chosen not to participate in the tax, according to finance minister Jeroen Dijsselbloem.In a letter to Parliament, Dijsselbloem pointed out the difficulty of measuring overall costs at this time and warned that the financial burden could actually be much higher.Referring to the calculations of regulator De Nederlandsche Bank (DNB), Dijsselbloem said the loss for pension funds would take at least a quarter of a percentage point off their returns, and come at the expense of coverage ratio and pensions.He said the DNB had only taken equity and bond transactions into account, which are to incur a 0.1% FTT levy if they have been issued in the FTT zone, or are traded within the area.last_img read more

IORP rapporteur urges Brussels to back pensions working group

first_imgA Dutch MEP has suggested the revised IORP Directive should be used to encourage the growth of occupational pensions rather than simply focus on matters of governance and risk management.A draft report by Jeroen Lenaers, acting as rapporteur for the European Parliament’s Employment and Social Affairs Committee (EMPL), recommends changes that emphasise that the “introduction of occupational retirement schemes in more member states [sic] remains crucial”.The change was proposed to replace the European Commission’s emphasis on an internal market for occupational pensions that would help foster growth and boost employment.The report by Lenaers, a member of the European People’s Party, also suggested the Commission take account of the need to grow the second-pillar system by providing “significant added value at Union level” by helping coordinate cooperation with individual social partners. It was suggested this would be made possible by a high-level group of experts to “investigate the most important questions concerning pensions policy”, with proposals being put forward on how second-pillar savings rates could be boosted.The proposal is not dissimilar to the Commission’s earlier work on the White Paper on Pensions, which, among other things, proposes various methods by which member states can boost the number of workers contributing towards occupational schemes.The Dutch MEP’s suggestions largely mirror the changes proposed last year during Council of the EU discussions between member states – stripping out the more onerous aspects of the Pension Benefit Statement, for example. In the preamble preceding the amendments, Lenaers said: “The rapporteur has tabled this opinion with the aim to strike the right balance between, on the one hand, the need to have high European standards with regard to governance, supervision, information and transparency, while on the other hand taking into full consideration the much-needed flexibility for member states to efficiently and successfully adapt these standards to suit their specific national situations.”The report was presented to the other members of EMPL at its most recent meeting on 5 March, with the MEPs asked to propose changes to the Lenaers document by 19 March.A second, more crucial report is currently being drafted by Irish MEP Brian Hayes on behalf of the Economic and Monetary Affairs Committee.Hayes was appointed alongside Lenaers and a number of shadow rapporteurs in early January.last_img read more

Old Football Field

first_imgThe other day Jeff Miller and I were talking about press boxes at different football fields from which we have broadcast games.  A lot of you will remember the old field by the Intermediate School.  There was nothing unusual about this field, but the press box was a real gem.  It was set on top of 4 telephone poles.  The poles were buried in the ground, but still towered quite a few feet above game level.  You got to the press box on an extension ladder separate from the box itself.  You entered the press box through the floor.  On nice, calm Friday nights things up there were pretty good.  Of course, you were very careful when you stood up to stretch because the hole was still in the floor.  The fun nights were when it started to rain and the wind blew.  Besides swaying back and forth you always had the thought of going down that ladder in the rain.  One of my partners got so petrified about getting down that athletic director, Glen Butte, had to forcefully pick him up and carry him down the ladder.  He screamed every step of the way.  What a difference today with the bleachers that Batesville inherited from Walhill Pony Farm with their nice covering.  Not only are they covered on top, but they are covered on 3 sides.  The press box is on the other side of the field and is accessible simply by walking up the bleachers with a handrail.  This press box is very nice, but as new fields are build the newer ones are now equipped with air conditioning and/or heat.  Some even have facilities for keeping and storing food.  Yes, I am talking about high school press boxes!last_img read more

Lady Eagles Victorious Over Lady Pirates

first_imgThe Jr. High Lady Eagles traveled to Greensburg & both teams came away victorious.  The 7th Grade won 26-6.The 8th Grade worked well together and started with an early lead 11-0 in the first quarter.  Keeping up the intensity, they went to halftime up 24-0.  They came out in the third to add 19 more points and kept the Pirates at 3.  Working the ball, they ended the game 49-3.  All the Lady Eagles got in the book. Great teamwork ladies.  Williams 11, Fullmer & Sparks 6, Cullen 5, Rider, Newhart, C.Simon, & Wilhoit 4, K. Simon 3, & Cobler 2.They will play at home on Thursday.Courtesy of Eagles Coach Lisa Horn.last_img

West Ham boss Moyes eyeing Bournemouth fullback Smith

first_img Promoted Content6 Incredibly Strange Facts About HurricanesThe Very Last Bitcoin Will Be Mined Around 2140. Read More5 Of The World’s Most Unique Theme ParksPortuguese Street Artist Creates Hyper-Realistic 3D Graffiti7 Universities In The World With The Highest Market ValueWho Is The Most Powerful Woman On Earth?What Are The Most Delicious Foods Out There?9 Facts You Should Know Before Getting A TattooCouples Who Celebrated Their Union In A Unique, Unforgettable Way10 Risky Jobs Some Women DoSome Impressive And Almost Shocking Robots That Exist7 Reasons It’s Better To Be A Vegan Loading… West Ham United boss, David Moyes, is eager to sign Adam Smith from Bournemouth. The Telegraph says Moyes is a fan of the full-back and would prefer someone like Smith who can play on both the left and right when needed. read also:Mourinho fumes over VAR as Spurs held, Ings keeps Golden Boot bid aliveAdvertisementcenter_img Smith could be part of the Bournemouth fire sale that has started since the club was relegated to the Championship. The Englishman is 29 and has played 116 Premier League games, scoring five goals. He was involved in a recent friendly between the two clubs, which Bournemouth won 5-3. FacebookTwitterWhatsAppEmail分享 last_img read more

Sprint Series of Oklahoma dates set at Ardmore, Ada this weekend

first_imgBy David Smith Jr.OKLAHOMA CITY, Okla. – After nearly a one-month hiatus, it’s back to racing for the Sprint Se­ries of Oklahoma presented by Smiley’s Racing Products as a doubleheader looms this weekend for the IMCA RaceSaver Sprint Car series.It all kicks off tonight (Friday) at Southern Oklahoma Speedway in Ardmore where three events have been scheduled with Mother Nature winning twice and Wichita Falls, Texas, driver Chad Koch picking up his first feature victory of the season back at the season opener on March 25.On Saturday, June 24, drivers and officials head east to Oklahoma Sports Park in Ada for the first of two scheduled appearances on the 2017 race season.After five events, Fairview, Okla.’s Jake Martens carries a 23-point lead over Koch in the point standings while defending series and national champion Andy Shouse sits just 28 points out of the lead. Wichita Falls driver Brandon Long, Loyd Clevenger, Joe Wood Jr., Shayla Waddell, Chris Kelly, Justin Fisk and Zach Blurton round out the top 10 and all except Kelly and Blurton are ex­pected to compete this weekend.Also slated to compete are Cody Whitworth, Brandon Anderson, Tristan Oakes, Jerry Jumper, Blake Scott, Michelle and Justin Melton, Eric Mathews, Blake Dacus as well as rookies Dillon Laden, Steven Shebester, Justin Mowery and Josh Toho.Several North Texas drivers have also indicated their intentions on competing “north of the Red River” and, in fact, have won the five events that have been held at the speedway since last year.It all kicks off tonight at Southern Oklahoma Speedway where grandstand adult general admis­sion is $15; $10 for ages 6-10; and all pit passes are $30. Gates open at 5 p.m. with race action slated for 7:30 p.m. For more race and ticket information call 405 627-1766 or click to visit the track’s official website.Saturday at Oklahoma Sports Park will see gates open at 5 p.m. with race action slated for a 7:30 p.m. start time. Grandstand admission is $15 for adults; $13 for ages 11-15 and all seniors while children 10 and under admitted into the grandstands for free. All pit passes are $30. For more track information check out the OSP website read more