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Valamar Riviera awards for the seventh time in a row for the Share of the Year

first_imgToday, for the seventh time in a row, the Valamar Riviere dd share was declared the Share of the Year according to the public’s choice in the traditional choice of the Zagreb Stock Exchange. “It is a great honor for me to hold this valuable recognition in my hands for the seventh time in a row. Expectations of business results for this year are higher than last year, a year that was also a record for Valamar. Valamar continues to grow – this year we realized the acquisition of Hotel Makarska dd, and made the first step in the internationalization of our business by buying a hotel in Austria. The number of employees also grew to 6.600, we increased salaries by more than 11%, introduced a minimum net income of HRK 5.000, and created 2300 new jobs in the last three years. I believe that we have laid a good foundation for continuing to invest in the growth and development of our business. And I am proud that investors recognize Valamar’s potential and that the seventh award for the Share of the Year is already faithfully following us on the path to realizing our business vision, especially in the year when we marked the 65th anniversary of our business.” he said Marko Čižmek, member of the Management Board of Valamar Riviera when receiving the award.By the way, the Zagreb Stock Exchange award is given with the aim of supporting the best and strengthening the recognition of the capital market and its active participants among the financial and general public.”When we founded the Zagreb Stock Exchange Awards in 2012, we were guided by the desire to continuously identify and reward positive examples in our capital market. Over the years, these awards have become a tradition, which the winners often and gladly point out. This year, Valamar Riviera is a double laureate and since its founding has won a total of 10 awards in several categories, which is a clear message that the entire investment public recognizes and rewards excellence.” concluded Ivana Gažić, President of the Management Board of the Zagreb Stock Exchange.Valamar’s total investments reached HRK 5 billion, of which HRK 4,3 billion was invested in raising the quality of hotels, resorts and camping resorts, and HRK 700 million in acquisitions and expansion.last_img read more

Norway agrees new public sector pension arrangement

first_imgThe new scheme would also make it easier for people to switch jobs between the public and private sectors and ensure that all public employees received occupational pensions, the ministry said.Discussions about a new solution for public sector pensions have been going on in Norway since around 2009.The main problem with the old scheme was that changes made in 2009 to account for rising longevity left members born in 1959 or later with much lower pensions than the previous cohort.The new deal was agreed on 3 March between the Ministry of Labour and Social Affairs and labour and employer organisations LO, Unio, YS, the Federation of Norwegian Professional Associations, the Norwegian Association of Local and Regional Authorities (KS) and Spekter.Hauglie said that even though there had been disagreements along the way, the deal was the result of a good tripartite cooperation.Gunn Marit Helgesen, chairman of KS, said her organisation was pleased with the deal, which she said ensured good pension schemes for the employees of municipalities.“Younger workers are now assured of a good pension scheme and greater flexibility,” she said. “This is what we have been working for at KS for many years.”Finn Melbø, chief executive of the Norwegian Public Service Pension Fund, the country’s main provider of public occupational pensions, said the deal was key to the completion of pension reform.However, he added that the reform would take a long time to apply fully, with many scheme members continuing to be subject to today’s rules and transitional rules for many decades to come.“A reform of this kind can not happen overnight,” Melbø said.The public retirement pension had been virtually unchanged since the Government Pension Fund was established in 1917, but in the meantime the workforce had changed a lot, he said.“We are also living longer, so the pension system has to be adapted, and younger people have to work longer to get the same pension level as older cohorts,” Melbø said.Meanwhile, KLP, Norway’s largest municipal pensions provider, also welcomed the agreement between the social partners.Marianne Sevaldsen, executive vice president of KLP’s life division, said: “Now let’s figure out what consequences these changes have for all our customers and members.”The proposal for the new public service pension must now be approved by each organisation before being voted on by the Norwegian parliament. The Norwegian government and labour-market organisations have agreed new terms for the country’s public sector pension scheme, which covers central government and municipal staff.Norway’s Ministry of Labour and Social Affairs said the agreement would make it worthwhile for scheme members to work for longer, and ensure that people who had to end their careers early would be taken care of.Anniken Hauglie, Minister of Labour and Social Affairs, said: “We have established a sustainable pension solution for the public sector that will stand over time.“The new scheme is good for the employees, the employers and the community.”last_img read more

City Council Approves Additional PERF Benefits For Mayor

first_imgCouncil members discuss PERF benefits for mayor on Monday night.In October, Batesville City Council passed a resolution that added the mayor’s position to be eligible for Indiana Public Retirement System’s Public Employees’ Retirement Fund (PERF).Prior to passing the resolution, some citizens voiced opposition to the proposal that it would be retroactive since the mayor’s position was considered fulltime since 2004.Batesville City Council voted on the measure that would retroactively send $20,114.00 to the mayor for past service. In October, the resolution was approved by all but one member of city council and went into the books.Well, that was history until Monday’s council meeting.Batesville Clerk-Treasurer Ron Weigel received another email from PERF on January 9, stating that an error had occurred.According to an email obtained from PERF to Weigel, “Regrettably the original letter contained a typographical error indicating that the amount to purchase past service was $20,114.00. The correct amount is $50,114.00.”The typo forced city council to vote again on the resolution, while first hearing feedback from community and council members.Former utilities manager Mike Vonderheide voiced opposition regarding the proposal.“At the time when this first came up I did a calculation,” Vonderheide indicated. “Just knowing the personnel rules and how PERF works I came up with $43,000, is what the city would have to pay for the mayors portion.”“When they got a letter that said [$20,000], I think a few folks of council was lulled into thinking its just $20,000. ‘We can certainly help the mayor with retirement for $20,000.’”Vonderheide asked council to reconsider the measure, “The time when Rick was elected mayor his first term, I was fully aware that city council had done a review of benefits for the mayor’s position, and had specifically decided not to include PERF in the mayor’s package.”Council President Gene Lambert disagreed.“I was the one that led the salary review during the first term,” Lambert explained. “I can tell you without reservation there was absolutely no such discussion about denying the mayor PERF benefits.”District 3 Council Member Bob Narwold agreed that he did not recall a discussion regarding the mayor’s PERF benefits.Lambert also noted that the program is intended for all government employees and roughly 80 percent of mayors in the state participate in PERF.Prior to the vote, District 2 Council Member Kevin Chaffee stated, “If we were going to implement this, we implement it going forward. I don’t think it is morally right to pay someone for work they have already accomplished.City Council made a motion to approve the additional $30,000 to include the mayor retroactively to 2004. It was approved 4-1, with Chaffee opposed.last_img read more

Football: Breaking down the Badgers’ strength of schedule problem

first_imgA No. 4 AP preseason ranking comes with a lot of excitement, and with that high expectations.As it stands now, the University of Wisconsin football team is currently in position to be one of the four teams to qualify for the College Football Playoff.The team was ranked here last December as well, only to come up just short in the Big Ten Championship once again to The Ohio State Buckeyes. This loss ended up leaving the entire conference out of the College Football Playoff, which is something I’m sure Wisconsin has thought about all off-season.Coming off yet another frustrating late-season loss, this Wisconsin team is looking to finally prove they are playoff material. The AP voters seem to concur by giving them this high ranking, but the team will have to prove it on the field this year versus a schedule featuring a number of difficult matchups: especially on the road.NCAA Basketball: Here is all you need to know about new CBB reformsThe NCAA announced new guidelines Wednesday, in an effort to curb corruption in college basketball and restore accountability to an Read…After the dominant 34–3 victory against Western Kentucky, Wisconsin starts the year facing two more non-conference opponents at home in Madison, which should be an easy start to the year for the defensive powerhouse. In years past, Wisconsin has had a tendency to hold non-conference opponents at home to single digits while running up the score with their impressive ground game. With running back already Jonathan Taylor putting up 143 yards and two touchdowns in the first game, look for him to continue these huge numbers in these next two games as Wisconsin tries to run the clock on their opponents as much as possible.After this easy opening slate of games, Wisconsin travels to Iowa, who received two AP points in the opening preseason poll. Iowa is known for their tough defenses and has given Wisconsin some trouble in the past. Iowa forced two interceptions returned for touchdowns against Wisconsin quarterback Alex Hornibrook in their game at Camp Randall last November and managed a top-five scoring defense in the Big Ten last season. Wisconsin will still be a heavy favorite to win this matchup, but this will be one of the tougher ones all season.Next up, the Nebraska Cornhuskers come to Madison. They typically manage to play Wisconsin close but have had little success of late as Wisconsin has won five straight against them.Football: NCAA to institute new redshirt guidelines, replacing antiquated, unjust rulesLast month, the NCAA Division 1 Council agreed to a proposal to revamp College Football’s ill-considered redshirt policy. Division 1 Read…Following that game is Wisconsin’s first big test of the season against Michigan at the Big House in Ann Arbor. Wisconsin managed to shut Michigan down for a win with their defense in Madison last November but had some trouble generating any offense in Ann Arbor back in 2016 in a 14–7 loss.If Wisconsin can get Jonathan Taylor going in this game, they should be able to pull out a victory, assuming their defense maintains its Big Ten best form from last season. Beyond the Michigan game, the only frightening matchup left on Wisconsin’s schedule is a November 10 game against Penn State at College Park. This stadium of 100,000 is known as one of college football’s toughest places to play and will be the test of the season for Wisconsin. Last time they played was the 2016 Big Ten Championship, a game in which Wisconsin blew a 28 point lead and lost to an impressive passing attack from Penn State. For Wisconsin to prove they are College Football Playoff Material, they will need to be able to win at Penn State as well as following that up with a Big Ten Championship. Wisconsin may only have two ranked opponents on its regular season schedule this year, but that does not mean they won’t be tested. If the Badgers want to break into the College Football Playoff they will need to earn their trip.last_img read more