If someone told you that the Butić family resort is only a few kilometers from Zadar, in the pre-season it hosts over 17.000 guests who also carry a hundred euros to pick olives with the cheerful host Ante, most will say that someone is joking, but that is tourism which we must strive for and tourism that takes place in the family resort Butić.Namely, the family farm Butić picnic area has been working since 2011 on the presentation of local indigenous food, whether it is delicious cheeses, prosciutto that is part of the processing is kept in the Nin Sea or delicious chocolates and meat under the baking lid. The whole family works hard to make the whole story have an authentic story, and most of all they make sure that the guests bring a special story of our region in their mouths and memories.Last year they started with the presentation of the olive picking offer, which had a great response among the guests, so this year they organized the same thing again, driving the guests to the field in a tractor, which was a very funny and interesting experience for most. Or rather an unforgettable experience that they are willing to pay well for. “We have been thinking for a long time how to create additional content that will not require too much investment, and which our guests will gladly accept. Visiting tourism fairs, various conferences, seminars and listening to the profession, we decided to offer olive picking as our trip three years ago. This means that our guests spend 100 euros to spend the day in the olive grove, have lunch outdoors and enjoy the fresh air and olive picking activities. We realized our idea with the help of the oldest agency Globtour-event and offered our guests and our region a new, interesting offer. “ Ante Butić points out and adds that the olive picking trip was recognized by various agencies, and that the reservation for this year done, and for the next one there are very few terms left. This picture speaks a thousand wordsThis year, they hosted over a dozen groups, and guests have no problem traveling even 2 kilometers to come to Brisevo and stay in the countryside. It is the tourism we must strive for, our authentic story in every sense. In the upcoming holiday season, the Butić family resort organizes Christmas parties with the presentation of gift packages from local producers. “It is not easy for people in the hinterland who are engaged in tourism to attend all workshops or seminars, because often the working day ends very late. Through our work, we need quick information and help to improve our offerings and create a sustainable story whose results will benefit the entire community. We thank the Association for Rural Development Ravni kotari and the LAG in Laura, which is not part of our territory, but we are very happy to refer us to tenders and measures that we can apply. In addition, we gladly follow the work of other TZs in Croatia with which we have excellent cooperation and exchange of experiences, and we praise the work of TZ Benkovac, because such energy and programs should be an integral part of all TZ hinterlands, we are sorry that our home TZ counties often do not recognize the offers of the hinterland and the value of the rural part of the county that offers a lot “, the host Ante Butić told us at the end.Tourists want to experience an authentic way and culture of living, and especially local ecological delicacies, which they can pick up and taste immediately. With homemade wine, brandy and liqueurs and homemade food, it is the best possible tourist product. Who was driving the tractor? Who saw live cows, horses, chickens, geese, donkeys, sheep…?Tourists will pay to be you one day, to do your chores around the garden, feed the animals, and so pick olives, grapes, corn, etc.…Yes, someone will pay you to do your job! It is a story we must tell in rural areas as a major tourist product. Organic and organic food is a rapidly growing trend, as well as the need to experience the noise of silence and the smell of nature has become imperative, especially in major European cities.Picking tomatoes in the garden, slicing homemade prosciutto, drinking homemade wine – this is an experience that tourists are ready and willing to pay for. It is tourism.
“At the beginning of 2020, the world was hit by the strongest economic crisis since World War II. The Croatian economy has also been hit hard and the recovery will be difficult. That is why, for the year in which we achieved one of our best results, we proposed not to pay a dividend in order to save Adris in the long run.. “, Said Vlahović and added that it is crucial to preserve liquidity and investment potential and adjust Adris to the new circumstances. The session of the General Assembly of the Adris Group, held yesterday in Rovinj, ended the holding of the annual general meetings of the companies within the Adris Group. During the day, the assemblies of Cromaris, Maistra and Hilton Imperial were held, while the general assemblies of HUP Zagreb and the company Hoteli dubrovačka rivijera were held on July 6, and the assembly of Croatia osiguranje on Friday, July 3. Decision not to pay dividends Proverbial indebtedness and a strong financial position, Vlahović points out, have enabled independence in conducting business policy. In the period from 2005 to 2019, more than HRK 10 billion was invested in business growth and development. Of that, almost six billion in tourism. “Almost six billion kuna has been invested in tourism since 2005, including the acquisition of HUP and Dubrovnik’s Hilton. The structure of the offer has changed, 84 percent of hotels today are at the level of 4 * and 5 *, which is five times more than at the beginning of the investment cycle. Revenues increased four times and operating profit six times. As much as 95 percent of revenues are generated in foreign markets”Vlahović emphasized. In 2019, revenues from the sale of goods and services increased by six percent and amounted to HRK 5,4 billion. Consolidated net profit amounts to HRK 506 million, which is an increase of 13 percent, and net profit after minority interests amounts to HRK 402 million and grew by 31 percent. The consolidated indebtedness of the Group is low, and Vlahović points out that the company has practically no debt. The financial potential of the Group has been preserved, which ensures stability in the conditions of crisis and business uncertainty. “Since we do not know the duration of the crisis, we are keeping liquidity for 15 to 20 months,” Vlahovic points out. Adris has good companies in good industries and our capital is well distributed, said Ante Vlahović at the opening of the General Assembly and that it is crucial to maintain liquidity and investment potential and preserve jobs.
Pierre-Emerick Aubameyang ‘did not look happy’ with Mikel Arteta tactics during Arsenal’s draw with Bournemouth, says Phil Thompson
Arsenal drew in Mikel Arteta’s first match in charge (Picture: Getty)Aubameyang netted his 12th Premier League goal of the season during the match but the Gabon striker ‘did not look happy’ with the formation Arteta opted with, according to Thompson.AdvertisementAdvertisementADVERTISEMENT‘Arteta will be pleased that they showed a bit of spirit to come back from being a goal down,’ the Anfield hero told Sky Sports. ‘But it wasn’t a great performance.‘They had most of the possession but the end product wasn’t there. Lacazette was down the middle and it seemed like Aubameyang was straying further down the left.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘He didn’t look too happy at being pushed out to accommodate this formation to get Mesut Ozil in. But to be fair Ozil was in this game. He caused them problems.‘But Bournemouth got in front and you felt they would get the better of Arsenal at that stage.’Thompson also praised Arteta for his conduct on the touchline, adding: ‘I was pleased to see Arteta more vocal than ever before.Aubameyang with the first goal under Arteta…Trademark, instinctive finish and @Arsenal are level#PLonPrime #BOUARS pic.twitter.com/U8I1aftOtL— Amazon Prime Video Sport (@primevideosport) December 26, 2019 Advertisement Comment Pierre-Emerick Aubameyang ‘did not look happy’ with Mikel Arteta tactics during Arsenal’s draw with Bournemouth, says Phil Thompson ‘We’ve become used to seeing him quite passive but he was passionate, he was directing players. I would think he’s quite happy.‘But Arsenal have now just won once from 14 games. That’s not good enough for this club. Once they got level they should have gone on and won the game.’Arsenal, now 11th in the Premier League, face London rivals Chelsea on Sunday.MORE: Mikel Arteta praises Mesut Ozil after Arsenal’s draw against BournemouthMORE: Granit Xhaka agrees deal to leave Arsenal and sign for Hertha Berlin Metro Sport ReporterThursday 26 Dec 2019 7:59 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3.1kShares Advertisement Pierre-Emerick Aubameyang in action during Arsenal’s draw with Bournemouth (Picture: Getty)Pierre-Emerick Aubameyang ‘did not look happy’ during Mikel Arteta’s first match in charge of Arsenal as the Gunners drew 1-1 with Bournemouth on Saturday.That is the opinion of Liverpool legend Phil Thompson, who says Arteta will be ‘pleased’ with the spirit his new side demonstrated against Eddie Howe’s side despite only leaving the south coast with a point.Arsenal were forced to come from behind to rescue a draw after Dan Gosling put the hosts ahead in the first half, but Aubameyang’s second-half goal saw Arteta secure a draw in his first match as manager.
Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf BLOG: Everything You Need To Know for Election Day April 25, 2016 By: Pedro Cortés, Secretary of State The Blog, Voting & Elections Today, as Pennsylvania’s Chief Election Officer, I am reminding all Pennsylvanians that they can find comprehensive voting information at the Department of State’s website, votesPA.com in order to have a successful election day.The goal of votesPA is to provide the valuable information voters will need when they go to the polls. All eligible voters are encouraged to be fully informed about their rights and what they can expect at their respective polling place.At votesPA.com, Pennsylvanians can:Confirm their voter registration status;Locate their polling place and get directions;Find contact information for each county election office;View a demonstration video of the voting system used in each county;File a complaint if they encounter any difficulty or questionable situation at the polling place.Additionally, votesPA.com includes a direct link to the department’s new voter education toolkit Everyone.votesPA.com. Visitors to the site will find a 2016 Voter Guide and “The Top 5 Things Every Pennsylvanian Should Know About 2016 Elections.” Both publications are available to download and print.Tomorrow, the polls will be open from 7 AM to 8 PM as registered Democratic and Republican voters elect their parties’ nominees for:President of the United StatesOne of Pennsylvania’s two U.S. SenatorsAll of the state’s 18 members in the U.S. House of RepresentativesPA Attorney GeneralPA Auditor GeneralPA TreasurerHalf of Pennsylvania’s state senatorsAll of the state house representativesDelegates and alternate delegates to each party’s conventionBecause Pennsylvania has a closed primary, only voters registered as Democrats or Republicans can vote for the party nominees. However, every registered voter may vote on any referendum or question on the ballot. The primary election ballot this year will include at least one question involving a proposed amendment to the state Constitution.In addition, I want to remind registered voters that they have the right to cast a provisional ballot at the polling place if they believe they are registered at the precinct but are not listed in the pollbook. Provisional ballots will be reviewed by county officials within seven days after the election to determine whether the voter was eligible.Voters appearing at a polling place for the first time will need to show proper identification, which may be either photo or non-photo ID. There is no identification requirement for voters returning to vote at a polling place the second or subsequent election.A voter is also entitled to have assistance at the voting booth if he or she is unable to enter the booth or use the balloting system. The voter can choose who will provide the assistance, except for the voter’s employer, an agent of the employer, an officer or agent of the voter’s union or the Judge of Elections.If you are already registered, be sure to go out and vote tomorrow, because voting is one of our most fundamental rights as citizens! SHARE Email Facebook Twitter
The development was sold by US investors that “do not want to do the refurbishment needed in the near future from their location and were looking for German buyers”, Kretschmer said.He said the ÄVWL was able to take on this kind of development risk because it had been building up a sufficient risk buffer.“Our main aim is not to achieve the highest return possible per year but to achieve stable returns over the long run,” he said.For 2013, the Versorgungswerk reported a net return of 4.4%.It also pointed out that it has used not even half of its risk budget, roughly 16% of overall assets under management (€10bn).“This way we can ensure that, even if the interest rate environment remains low, we will be able to achieve our discount rate annually until 2018,” Kretschmer said.With respect to equities, the ÄVWL will maintain a “low two-digit allocation” and “certainly not 30%”, making “tactical but not strategic adjustments”.“There is too much volatility in equities, and this means it will crash at one point or another, and the equity market is very politically driven, as well as highly leveraged, which all means downturns can happen quickly and strain the ongoing return,” Kretschmer said.Last year, the slight interest rate increase, as well as the sell-off in emerging markets, hurt the overall performance of the Versorgungswerk, while alternatives and real estate generated “above-average returns”.For 2014, the ÄVWL will cut back on covered bonds and go into emerging government bonds, where Kretschmer now sees opportunities after the downturns in May-June 2013 and January 2014.He said the Versorgungswerk’s anticyclical approach also suited a deal it was currently closing in London, where it is selling an asset bought in a fire-sale briefly after the Lehman crisis.“We want to cash in on overheated markets,” Kretschmer said.The ÄVWL said it it had been approached “a lot” for debt investments, which it will be “looking into”, if they generate sufficient returns at a certain level of risk. The €10.5bn Versorgungswerk for doctors in Westfalen-Lippe (ÄVWL) will take on a €200m real estate development project as part of its long-term strategy to generate stable returns and build sufficient risk buffers.In recent years, the ÄVWL – joint winner of the 2013 IPE country award for Germany – has increased its investments to infrastructure and real estate, both via direct investments and loans for developments. Andreas Kretschmer, managing director at the ÄVWL, told IPE the Versorgungswerk wanted to continue to build up these investments this year.“We are about to close a deal on a €200m investment in a real estate project development in an inner-city location of a German city,” he said.
There are, of course, lots of different ways of defaulting. The Greeks do it in a very simplistic way by not giving the money back, but you can do it by inflation or by restructuring. In Japan, the idea has even been floated of issuing a zero-coupon perpetual.If the world moves to an environment where governments do start defaulting in debt, the characteristics of sovereign debt change dramatically. Government bonds would become a much more volatile asset class, and equities would be able to hold their own against that kind of choice of investment classes. The idea of default risk in euro-zone and UK government debt removes a key plank of the intellectual foundation of the doctrinaire approach to LDI.The premise of a doctrinaire LDI approach is that it is purely a risk-management problem rather than an investment problem. It is predicated on the idea there is a legal requirement to pay out a fixed set of cashflows.The problem is how to ensure those liabilities can be met with as much certainty as possible. As pension schemes become more mature, they can be paying out 6% or more of assets every year – well in excess of yields available on any asset – so they have to redeem capital effectively.That creates the risk that they are selling assets when the market has fallen, forcing them to crystallise a loss. Not many schemes are able to ignore that issue, which is the reason for ensuring future cashflows can be matched with certainty through government bonds. As a result, for the majority of pension funds, it is the mark-to-market valuation of equities that matters and not the dividend stream. If, however, there is default risk in government bonds, the mark-to-market volatility of sovereign debt will increase, as it no longer represents a risk-free asset. Comparisons with equities then become a trade-off between income and volatility, even if the issue is a risk-management problem. Given the low government bond yields, pension funds will be trying to find sources of secure income other than government bonds. Whether that pushes them as far as some types of equities is the question. In theory, there are some listed companies where the equity just looks like a slightly subordinated corporate bond.But quality or low-volatility companies have performed very strongly, just like bonds themselves. The market is already giving high valuations to listed tobacco companies, utilities and so on that do offer a low-risk income stream when bond yields are at record lows. Pension funds may have little choice but to look again at equity income streams and their characteristics. In any case, investors are rapidly running out of bonds in certain markets given the rate of central bank purchases.At a basic level, the market value of equities tends to be about twice as volatile as dividend streams. Concentration risk, though, is also a problem, with the 10 largest dividend-paying companies in the UK making up 55% of the total value of dividends paid out by the FTSE 100, and the total sum of dividends paid out by Royal Dutch Shell, BP and HSBC representing one-third of the total value of dividends in the same index. What the UK experience shows is that investors using equities for dividends should be taking a global approach. Investors seeking dividends do have some factors going in their favour. Parts of the market that traditionally have not been dividend-focused, such as Japan, are now paying records levels of dividends.Where global-equity dividend strategies become even more powerful is at the individual level, where there is more flexibility to take on a limited amount of volatility. With annuity rates driven to low levels by government bond yields, it makes less sense for individuals to purchase annuities that disappear on their death, rather than income-producing equity strategies that can be passed onto their children.That also holds true for deferred beneficiaries of defined benefit (DB) pension schemes. It can be a ‘no brainer’ for many to cash in a DB scheme, essentially priced off current, historically low bond yields, and put the proceeds into a portfolio of equities with much higher dividend yields.This should increase the actual pension payments substantially, albeit with increased volatility, and also leave a lump sum their children can inherit. The only issue may be, can they do so before president Trump’s policies drive up bond yields and inflation and drive down the value of deferred DB schemes?Joseph Mariathasan is a contributing editor at IPE Are sovereign-debt defaults are a natural conclusion to our current path, Joseph Mariathasan asksImagine there’s no risk-free debt. It’s easy if you try. That may be a shocking idea to many, but it may also be a source of liberation – there would be no hell beneath us, above us only sky (to paraphrase John Lennon).Such a situation would not be in anyone’s LDI models. Yet some investment managers have the strong belief that government sovereign-debt defaults are a natural conclusion to the current path on which we find ourselves. US president-elect Donald Trump even announced in a CBS interview earlier this year that, if the US economy “crashed,” he would offer to pay creditors less than what they were owed. “You go back and say: ‘Hey, guess what? The economy just crashed. I’m going to give you back half’.” As a self-proclaimed consummate deal maker, he is well experienced in renegotiating debt. Some now argue that it is not only the US, but the euro-zone, the UK and ultimately most of the world’s governments that are going to default on their debt. That will certainly be a source of worry – but a recognition of that possibility might also lead to a less blinkered view of the relative merits of investing in near-zero or even negative-yielding government debt, and equities with yields of more than 3% with built-in inflation proofing.
Promoted ContentThe Very Last Bitcoin Will Be Mined Around 2140. Read More7 Ways To Understand Your Girlfriend BetterWhich Country Is The Most Romantic In The World?7 Ways To Understand Your Girlfriend Better5 Of The World’s Most Unique Theme ParksBig Actors Who Started Off With A Part In A Soap OperaPlaying Games For Hours Can Do This To Your Body10 Risky Jobs Some Women DoHere Are The Top 10 Tiniest Mobile Phones On The Planet!10 Of The Dirtiest Seas In The World14 Hilarious Comics Made By Women You Need To Follow Right NowWho Is The Most Powerful Woman On Earth? Atletico Madrid (52), Getafe (48), Real Sociedad (47) and Valencia (46) are all still in the race for the Champions League spots having played one game fewer. Loading… Read Also: Omeruo’s coach Aguirre to leave Leganes at the end of seasonVillarreal had entered the clash in great form with three successive victories since the resume of football after the coronavirus break, while Sevilla have now been held to their third consecutive draw following their Seville derby win.FacebookTwitterWhatsAppEmail分享 Samuel Chukwueze’s Villarreal failed to claim maximum points since La Liga restart after Sevilla fought back twice to claim a point and move back into third place in a pulsating game on Monday evening.Advertisement Chukwueze, who saw action for 72 minutes before he was replaced by Javier Ontiveros, helped the Yellow Submarine twice took the lead through Paco Alcacer and Pau Torres, but the visitors hit back, firstly through Sergio Escudero and then with Munir El-Haddadi’s stunning equaliser after the break.The result was crucial in the race for the all-important top four positions in La Liga this season, with Sevilla now on 53 points from 31 games with Villarreal five points further back.
AP source: NBA players to continue playoffs after postponements following shooting of Jacob Blake Share This StoryFacebookTwitteremailPrintLinkedinRedditLAKE BUENA VISTA, Fla. (AP) — AP source: NBA players to continue playoffs after postponements following shooting of Jacob Blake. Associated Press August 27, 2020
By Karolos GrohmannATHENS, Greece (Reuters) – The Tokyo 2020 Olympics torch-lighting ceremony in ancient Olympia will be the first in more than 35 years to be held without spectators, after organisers yesterday introduced tighter measures to protect against the coronavirus.Greece’s Olympic Committee said spectators would be excluded from both the dress rehearsal at the ancient site tomorrow and the widely broadcast ceremony on Thursday.This is the first time since the 1984 Los Angeles Olympics that the ceremony will be held without any spectators lounging on the grassy slopes of the ancient stadium in the tiny Peloponesian hamlet. The ceremony – held both for summer and winter Games – usually attracts several thousand spectators, including Greeks and foreign visitors.“The lighting ceremony of the Olympic flame will be done without the presence of spectators and only 100 invited and accredited guests,” the Greek Olympic Committee said in a statement.“The dress rehearsal on March 11 will be closed to spectators and media.”The Olympic torch will be lit in Olympia at a scaled-down ceremony on March 12 before a seven-day relay that culminates with a hand-over ceremony in Greece on March 19.The number of people inside the ancient stadium will also be reduced with only a few dozen representatives of the Tokyo Games from a group of about 150 allowed access to the ceremony.Organisers will also shut the press centre following the ceremony to avoid the gathering of many people in an indoor area and will stage tomorrow’s dress rehearsal without the presence of media. Tokyo had already stopped 340 children from attending.Greece on Sunday announced a two-week ban on sporting events with spectators and on school field trips, as its number of coronavirus cases rose by seven to 73. The prefecture of Ilia, of which Olympia is part, is among areas of the country hardest hit by the coronavirus.The Mayor of Olympia has written to International Olympic Committee president Thomas Bach, proposing the postponement of the ceremony until May.“The danger of staging the torch-lighting with only a handful of spectators, a limited number of officials and delegations, and under a cloud of fear and concern will damage the greatness and prestige of this event,” Olympia mayor Giorgos Georgiopoulos said in his letter.“With a sense of responsibility, the municipal authority – all parties of the city council of Ancient Olympia – in order to secure the global radiance of the event, asks the IOC which has the exclusive responsibility of organising it to consider the possibility of moving the torch-lighting ceremony to May of this year.”
After a bittersweet weekend in Michigan, the Wisconsin men’s tennis team returns to Madison to prepare for two Big Ten matches on its home court.The Badgers hope to recapture some momentum as they host Big Ten rivals Purdue and Indiana this weekend.Nearly a year ago, Wisconsin was coming off a big win against Northwestern and continued the streak by beating Purdue, 5-2. However, things have changed since the Badgers last saw the Boilermakers.Last year, Wisconsin was 4-2 in Big Ten matches when it faced Purdue. This year, the Badgers’ Big Ten record is 2-2. In 2010, senior Marek Michalicka was ranked No. 15 with his partner Moritz Baumann, who now serves as student assistant coach.This season, Billy Bertha replaces Baumann as Michalicka’s partner. During the 2009-2010 season, Wisconsin often struggled to get doubles points. This season, however, the ranked duo of Michalicka and Bertha is adding improvement.As a duo, Michalicka and Bertha are ranked No. 78 and their chemistry is undeniable. Bertha joked about keeping Michalicka in line and admits to meshing well with him.Against No. 22 Michigan Saturday, the Badgers fell early as the Wolverines won two of three doubles matches and the No. 6 singles match. Michigan proceeded to win the Nos. 2, 3 and 5 to clinch the win.Although Wisconsin dropped the match, Michalicka showed his veteran experience in coming behind in his singles match and winning seven consecutive points to beat Evan King.“I got a little lucky there at the end, but I’m definitely more confident, so hopefully that helps this weekend,” Michalicka said.Sunday, Wisconsin faced No. 53 Michigan State and the tables turned. Michalicka and Bertha had the No. 1 spot and claimed the doubles point along with the duo of Rod Carey and Fredrik Ask.When the Spartans fought back, the Badgers picked up some of their senior captain’s toughness from the day before and battled back. Michalicka, Bertha and Ask claimed the final three match victories.Like Wisconsin’s Michalicka and Bertha, Indiana also has a successful duo in Santiago Gruter and Jeremy Langer. The pair is currently on a 12-match winning streak at No. 1 and will prove to be a tough opponent for Wisconsin.Last season, Indiana was Wisconsin’s first Big Ten win. The Badgers were coming off of a tough one-point loss to Illinois and played with raw emotion against Indiana. This year, Wisconsin looks forward to channeling that same emotion and playing with the same decisiveness as last year against this No. 60th-ranked Purdue team.Indiana’s Josh MacTaggert has been leading the Hoosiers to victory and was unbeaten in the month of March. MacTaggert and the 27th-ranked Hoosiers are coming into their match against Wisconsin with momentum after beating both Big Ten opponents (Illinois and Iowa) this past week.The Badgers lead the all time series against Purdue 55-18, but trail Indiana 42-26.Still, the Badgers are looking forward to hosting a challenging match.“We’ve been beating them the last couple years, if I can remember correctly, so hopefully we can win again even though they are ranked higher,” Michalicka said. “We have a pretty good chance to beat them.”