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Valamar Riviera has concluded a loan agreement with the European Investment Bank

first_imgToday, Valamar Riviera signed a loan agreement with the European Investment Bank (EIB) in the amount of EUR 16 million.This is the first EIB transaction in Croatia directly financing a private sector company with the support of an EU budget guarantee through the European Fund for Strategic Investments (EFSI), which is a financial component of the Investment Plan for Europe, better known to the general public as the Juncker Plan. “.The loan from the European Investment Bank will co-finance the completion of Valamar Girandello Resort, ie the construction of the first Kinderhotel 5 * in the Valamar Riviera portfolio, whose opening in April this year completes the repositioning of Rabac as a leading holiday destination for higher paying guests. This loan is a supplement to the indirect loan in the amount of EUR 44 million granted to Valamar by HBOR in March 2017.”Today we presented the results of the EIB Group in Croatia in 2017, which reached the highest level since 2013. Payments of 729 million euros, or 28% more than in 2016, represent our contribution to the real economy. We also signed the first direct transaction with a private sector company backed by an EFSI guarantee to support tourism in Croatia. Tourism is one of the most important economic sectors and is responsible for 20% of Croatia’s GDP and 10% of jobs in the country. At the same time, we signed an agreement to further improve the quality of the EIB’s advisory centers and established an advisory body, the so-called European Advisory Hub, which offers Croatia a unique approach to support in project preparation. ”Said Dario Scannapieco, Vice President of the EIBThe first EIB transaction in Croatia directly financing a private sector company with the support of an EU budget guarantee through the European Fund for Strategic Investments (EFSI)This EUR 16 million EIB loan is a supplement to the EUR 44 million indirect loan granted to Valamar by HBOR in March 2017. The agreement we signed today with the European Investment Bank is a confirmation of the exceptional trust of large financiers in Valamar Riviera, but also an example of a quality investment project recognized at the highest European level because it contributes to the development of the Croatian economy in a broader sense, said Marko Čižmek. He added that Valamar continuously invests in raising the quality of products and developing the destinations in which it operates, as well as in improving working conditions in tourism.“For Valamar, this cooperation is extremely important in terms of expanding the horizons of financial sources that enable us to implement large investment projects. We hope that we will continue our cooperation with the EIB on future projects within the strategic goals of our company, which include achieving double-digit growth of results and values ​​of the company in a sustainable and socially responsible way.. ” concluded Čižmek.last_img read more

Thurles plays host to its first meeting of 2015 this afternoon.

first_imgHaving been an impressive 11 length winner of a Navan handicap chase last time out Mount Colah looks set to start favourite in the Listed Thurles Races Supporters Club Chase.Arnaud looks his biggest challenger in this afternoons highlight at 1.25.Aidan O’Brien doesn’t have too many runners over jumps these days but MacBride did him proud through the summer, winning three bumpers, and he runs for the first time over hurdles in the opening INH Stallion Owners EBF Maiden Hurdle under Mark Walsh who leads the jockeys championship at present.last_img

Mozgov is a Lakers game-time decision vs. Golden State

first_img“Now I’m good,” Mozgov said. “I’m good now.” Newsroom GuidelinesNews TipsContact UsReport an Error EL SEGUNDO — After completing morning shootaround Friday without any reported setbacks, Lakers center Timofey Mozgov is considered a game-time decision for when the Lakers (2-3) host the Golden State Warriors (4-1) tonight at Staples Center.Mozgov said he will see a doctor Friday afternoon to determine his status after suffering a soft tissue contusion around his left eye and a laceration in his mouth during Tuesday’s loss in Indiana.After missing Wednesday’s win in Atlanta, Mozgov had tests Thursday that came back negative for any fractures or concussions. Lakers coach Luke Walton added the doctors will monitor how Mozgov feels after completing conditioning drills.“My eye is kind of OK, I have some problems,” Mozgov said at the Lakers’ practice facility three days after getting poked in the eye by Pacers forward Lavoy Allen. “But I feel confident I’m good. My lips right now bother me a little more than my eye.”center_img Mozgov has encountered various limitations after receiving four stitches to repair his lacerated mouth thanks to an inadvertent elbow from Pacers guard Jeff Teague.“I can’t eat. I can’t drink. I can’t kiss my wife,” Mozgov said, drawing laughter. “My wife still loves me.”Walton maintained that Mozgov will start if considered healthy after averaging 8.5 points and 6.0 rebounds through three regular-season games. If not, Lakers rookie center Ivica Zubac could start again after posting six points on 3-of-3 shooting and four fouls against Atlanta.“He missed a couple of passes today,” Walton said. “I don’t know if that had anything to do with the vision.”Mozgov said it did not.last_img read more