Today, 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.
Categories: Letters to the Editor, OpinionI am a little up set with the paper this morning [Feb. 3]. After a major news story broke yesterday [Feb. 2] with the GOP document being released, your front page led off with the flu cases on the rise. If I didn’t stop to read the small print, you would have never known that the Democrats tried to pull a fast one on the American people. It’s a shame that all news outlets are in bed with the liberals. Upstate New York is more Republican then you think. It’s only our inner cities that are liberal. But we are slowly chipping away at that. But as long as they have outlets like yours to try and bury it in small print, it only makes it a little harder.Steven Santore Sr.Ballston SpaEditor’s Note: The 1,033-word, three byline article appeared on the front page, above the fold, with a 40-point headline and two photos.More from The Daily Gazette:EDITORIAL: Beware of voter intimidationFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the censusGuilderland girls’ soccer team hands BH-BL first league lossEDITORIAL: Thruway tax unfair to working motorists
LOS ANGELES: Four-time Olympic gold medallist Simone Biles wants more than good wishes from USA Gymnastics. The US federation wished Biles a happy 23rd birthday on social media on Saturday.Biles — who also owns 19 world titles and is expected to be among the stars of the Tokyo Olympics — used their tweet as a chance to demand an independent investigation into the Larry Nassar sex abuse scandal.”how about you amaze me and do the right thing … have an independent investigation,” Biles snapped on Twitter after the federation’s birthday tweet.”HAPPY BIRTHDAY to the most decorated gymnast of all time, @simonebiles!” USA Gymnastics wrote, posting a video of Biles in action in a floor exercise. “We know you will only continue to amaze us and make history!”Former national gymnastics team doctor Nassar was jailed for life for abusing more than 250 athletes, including stars of the United States’ 2012 and 2016 gold medal-winning Olympic teams.A US Senate investigation found that “multiple institutions” failed to adequately respond to credible allegations against Nassar, but Biles has said that USA Gymnastics and the US Olympic and Paralympic Committee still owe his victims, including herself, more answers and a framework to ensure such abuses won’t occur again.”Wish they BOTH wanted an independent investigation as much as the survivors & I do,” she tweeted earlier this month.As Biles and other elite gymnasts ramp up their preparations for Tokyo, USA Gymnastics in January offered a $215 million (194 million euros) settlement to victims of Nassar to settle legal claims — a plan a lawyer for more than 200 women called “unconscionable.”Olympic gold medallist Aly Raisman, who is now retired, called the settlement offer “offensive” and accused the federation of attempting to prevent the release of details which would show how Nassar was able to abuse athletes for years.Attorney John Manley, who represents more than 180 clients with active claims against USA Gymnastics, said the settlement offer releases too many people from further claims, including the USOPC, former USA Gymnastics chief Steve Penny and former national team directors Bela and Marta Karolyi. AgenciesAlso Read: Djokovic, Biles Win Laureus Sports AwardsAlso Watch: East Siang District Administration in Arunachal Pradesh cautious over corona virus