“Political Hour” of the XX Congress of Entrepreneurs in the Hotel Industry of Croatia

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Minister Cappelli visited the XX Congress of Croatian Hotel Entrepreneurs organized by the UPUHH association and participated in a panel discussion “Political Hour” which aimed to generate proposals for long-term plans for tourism. In addition to Minister Cappelli, the panel discussion was attended by Dr. sc. Martina Dalić, Deputy Prime Minister of the Republic of Croatia and Minister of the Economy, Entrepreneurship and Crafts; Tomislav Boban, State Secretary at the Ministry of State Property; Kristjan Staničić, Director of the Main Office of the Croatian National Tourist Board and Zdravko Zrinušić, Assistant Minister of Finance and Director of the Tax Administration.Deputy Prime Minister Martina Dalić assessed that Croatia’s attractiveness contributes to the success of tourism, that tourism is a healthy business and that next year, due to the expectation of a series of laws related to strategic investments, investment incentives and tourist land, some tourism problems could be solved more easily. investments and successful results. She told hoteliers to pay attention to the quality of the offer and services, and she also believes that it would be good for Croatia to have more global hotel brands. She announced that the Ministry of Economy, in cooperation with the Ministry of Tourism, and related to EU funds, will consider publishing calls for investments in tourism on the continent up to 100 million kuna, which would be good for Slavonia, for example. “We will not be enslaved to square footage but to quality, and we will do everything on deregulation and decentralization through changes in tourism laws. Next year we will certainly have a stronger pre- and post-season than this year, while in July and August we can expect similar results as this year, which means a large number of tourists. “, Cappelli said.Photo: MintAssistant Minister of Finance and Director of the Tax Administration Zdravko Zrinušić believes that more order should be introduced and the inspection of renting accommodation should be strengthened, and that tourism, in addition to VAT, should be met with other measures, such as reducing corporate income tax. Ronald Korotaj said that the current VAT rate of 25 percent for catering is not competitive and that hoteliers and the entire tourism have not felt much benefit from tax reforms.State Secretary for State Property Tomislav Boban explained that the new law on tourist land should help dispose of that land and stronger investments, while Minister of Tourism Gary Cappelli pointed out that by 2020, if this pace continues, we will approach the planned investments in tourism of seven billion euros. He also announced the (re) categorization of family accommodation with the aim of increasing its quality and better market positioning.last_img read more

Small but rich Dutch fund sees DNB policy as risk to its existence

first_imgThe small but rich Dutch pension fund HAL indicated it considered the policy of supervisor De Nederlandsche Bank (DNB) as encouraging small schemes to liquidate and a risk to its existence.In its annual report for 2016, the €132m scheme, with a nominal funding of 184%, said it had spotted a tendency at DNB to categorically perceive small pension funds as not futureproof.The board of Pensioenfonds HAL, which was established by the shipping company Holland America Line, responded to a warning from its visitation committee for internal supervision, an external body, which had also spotted risks as a consequence of supervisory measures.  However, pension fund HAL – with 42 active participants and more than 1,500 workers – does not feature on a list of 25 schemes deemed to be vulnerable by DNB. The scheme, nevertheless, is afraid that it will be harmed by other developments, such as the pending fundamental update of the Dutch pensions system.“What would be a solution for most pension funds, could become a – possibly insurmountable – problem to us,” it said.According to the visitation committee, “the increased burden of regulation raises the question whether the pension fund should consider alternatives”.The scheme’s board in turn stressed that it wanted to keep the scheme’s set-up as simple as possible.It acknowledged, however, that fundamental system changes had led to increased complexity and insecurity, adding that it was looking at the options to remain independent.In a comment, a spokesman for DNB said that “every scheme that is able to keep on complying with the increased demands from their participants, society and the legislator is futureproof, as far as we are concerned. However, we see that small schemes in particular must put in extra effort to keep on top of it.”He made clear that small pension funds must explain how they see their future.“But this is not because we think they should liquidate, but because we need to investigate and address their vulnerabilities,” he added.At year-end, the coverage ratio in real terms of the Pensioenfonds HAL stood at 142%, which means that the chance of a rights cut was less than 0.2%.The investment policy of the Pensioenfonds HAL is aimed at generating cashflows for the real pension benefits over the next fifteen years.Last year, it had an investment mix of 59% equity, 14% government bonds and 27% cash.The overall return was 3.3%, against 10% over 2015.The pension fund reported implementation costs of €141 per participant for 2016. It spent 0.68% of its average assets on asset management.last_img read more

3 Indians in LPGA event for 1st time; Aditi, Diksha, Tvesa to play at Ladies Scottish Open

first_img COMMENT WE RECOMMEND 4 weeks ago Indians are the most confident in world to travel after coronavirus pandemic: Study 4 weeks ago 114 stranded Indians brought back from UAE in AI flight First Published: 12th August, 2020 11:06 IST LIVE TV SUBSCRIBE TO US 3 weeks ago Over 10 lakh Indians have returned from abroad under Vande Bharat Mission: MEA In a first for Indian women’s golf, three leading players of the country — Aditi Ashok, Diksha Dagar and Tvesa Malik — will tee up at an LPGA event together, the Ladies Scottish Open later this week.The Ladies Scottish Open, a premier event on the Ladies European Tour, has been co-sanctioned with the LPGA since 2017 and this is the fourth time the two Tours are coming together. The Ladies Scottish Open, has however, been around since 1986.Diksha plays with Stephanie Kyriacou and Yu Liu early in the morning at 7.15 am while Aditi plays with Scottish star Carly Booth and South African Lee-Ann Pace at 9.58 am local time. Tvesa has been drawn with Yealimi Noh and Emily Kristine Pedersen, who won the Hero Women’s Indian Open years back and they tee off at 12.22 pm.Diksha and Tvesa arrived in the UK on Friday and then travelled to Edinburgh on Monday.Aditi and her mother arrived on Monday. They had also reached the venue and Aditi had a good look at the course.Col Naren Dagar, father and caddie of Diksha, said, “We were tested at the airport and then again in Scotland by the Tour.”Dagar said, “It was a different kind of a trip. We were helped in India by many people as we got all papers and permissions to travel. Honestly, there was some tension because this is not a normal situation, but the officials back home and the LET here were helpful.”Diksha added: “I have been waiting for this for long. Back home I practiced for a long time and maintained all safety measures on account of the COVID outbreak. We wore PPE suits and took all measures on travel and have been wearing masks, maintaining distance and staying away from crowded areas.”Diksha won the Women’s South African Open last year, which was also her rookie season.While the Ladies European Tour makes a return to golf with the Scottish Open, the LPGA has played two events in the United States.The LPGA Tour arrived in Europe after two events, the LPGA Drive On Championship and the Marathon LPGA Classic. Those two tournaments in Toledo provided back-to-back wins for Danielle Kang as the LPGA returned after the COVID-19 interruption. The two wins gave Kang three wins in the last 10 months.The field this week also includes Minjee Lee, who comes off on the back of two top-four finishes.In 2019, Mi Jung Hur came out on top with six birdies in her final nine holes to earn her first victory since 2014. But she will not defend her title this week at The Renaissance Club, opting to remain home in Korea due to travel concerns related to the COVID-19 pandemic.However, past champions Moriya Jutanugarn (2018) and Mi Hyang Lee (2017) have made the trip to The Renaissance Club, as have 2019 major champions Hannah Green (KPMG Women’s PGA Championship) and Hinako Shibuno (AIG Women’s Open).  The 144-player field also includes 15 of the top 20 in the LET’s Race to Costa del Sol, who are competing for the USD 1.5 million purse, as well as Rose Ladies Series Order of Merit winner Charley Hull.The Scottish Open is the first of two consecutive events in Scotland. The Scottish Open will be followed by next week’s AIG Women’s Open at Royal Troon, and the event is also the final opportunity to qualify for the AIG Women’s Open.Image credits: AP center_img Koushik Narayanan Last Updated: 12th August, 2020 11:06 IST 3 Indians In LPGA Event For 1st Time; Aditi, Diksha, Tvesa To Play At Ladies Scottish Open n a first for Indian women’s golf, three leading players of the country — Aditi Ashok, Diksha Dagar and Tvesa Malik — will tee up at an LPGA event together 4 weeks ago Francona returning to manage Indians after week of rest 4 weeks ago Indians joined by Vietnamese, Tibetans in anti-China protests at Capitol Hill Written By FOLLOW US WATCH US LIVElast_img read more