EY: We expect record investments in hotel accommodation, 2022 billion euros will be invested in the hotel industry in Croatia by 1,2

first_imgIn addition to domestic, the main word will be given by investors from AsiaThe research also showed significant changes in the country of origin of investors in hotel facilities in Croatia.So far, European investors have traditionally predominated, and by 2022, as many as 42 percent of investments will be made by Asian hoteliers and investors. Thus, Asian investors will be as represented as domestic ones, while only 13 percent of investments will be made by those from European countries. Investors expect their projects to pay for themselves within 4 to 15 years, depending on the investment, while the projected return on average is 10 years.Source: EY”The hotel industry in Croatia will develop rapidly thanks to the millions invested by the largest players in the market, but also by strategic takeovers and mergers. In addition to traditional hotel brands on the Croatian market, the arrival of the world’s strongest hotel companies awaits us. Given that investments will be focused on top service capacities, half of the investments in this cycle will be projects up to 200 rooms, with the average investment per room for four-star hotels 140.000 euros, and for five-star hotels around 370.000 euros”, Concludes Marija Noršić from EY.Most investors will participate with 25 to 40 percent of their own funds, and for the rest they will look for the hinterland of commercial banks, while investors who decide to withdraw funds from EU funds will have to participate with 70 to 75 percent of their own capital. hotel industry in the Republic of Croatia. U narednih pet godina Hrvatsku očekuju rekordna ulaganja u  hotelijerstvo, ističe se u novom istraživanju koje je provela revizorsko-konzultantska tvrtka EY, a u kojemu stoji kako se u navedenom razdoblju, a prema trenutačno dostupnim informacijama, očekuju ulaganja od čak 1,2 milijarde eura samo u ovaj vid turističke ponude.A survey of Investments in Hotel Development 2018-2022, conducted by experts from the Croatian office of EY, detected a total of 83 hotel projects in the advanced stage of planning, development and construction or placing on the market in the period from 2018 to 2022. Of the total number, as much as 50 percent of the project relates to newly built greenfield investments, while all investments will be implemented in a total of 12 Croatian counties.Istria and Split-Dalmatia counties are the most attractive to investorsOf the total number of projects covered by the research, as much as 90 percent of them are focused on the coast and coastal area, but still in terms of number and value of projects, two counties stand out – Split-Dalmatia and Istria – followed by Opatija, Zagreb and Dubrovnik.”It should be noted that 60 percent of the total number of investments will be completely new projects and hotels, while 40 percent refers to comprehensive renovations of existing accommodation capacities. In the mentioned period, the investments will cover a total of 9.700 hotel rooms, of which almost 6.000 rooms refer to completely new or expanded capacities, primarily in high-categorized hotels, those with four and five stars.“, Analyzing the results of the research, points out Marija Noršić, manager in the Consulting Department for Tourism and Hospitality at EY.Source: EYlast_img read more

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Two Sumatra regencies report sudden death of pigs

first_imgThe South Nias Agriculture Agency confirmed separately that thousands of pigs in the particular region had died of unknown causes recently. Up to 3,000 pigs died in Susua district alone, and another 670 in Mazo district.”The residents feel troubled by the incident. They think that the pigs have died of hog cholera [or classical swine fever] but that has yet to be proven,” the agency’s head, Norododo Sarumaha, said.At least 42,000 pigs have died of ASF in 18 regions in North Sumatra in the past few months. The regions affected include Deli Serdang, Karo, Medan, North Tapanuli, Samosir and Simalungun.North Sumatra Food Security and Animal Husbandry Agency head Azhar Harahap said previously that the administration had taken steps to prevent any future outbreaks, such as stepping up biosecurity measures by making it mandatory for pig breeders to clean pig enclosures with standardized disinfectants.The first ASF outbreak occurred in China in 2018, he explained. The virus later spread to Hong Kong, the Philippines and Timor Leste. The outbreak in North Sumatra began in October last year, he added. (vny)Topics : The Medan Veterinary Center in North Sumatra has dispatched a team to probe the recent death of hundreds of pigs in the regencies of Nias and South Nias.The office’s head, Agustia, said Tuesday that sudden deaths of the animals had constantly been reported in the past month. “Between 300 and 400 pigs have died in the two regions within the last month. It’s a quite big number,” said Agustia. She said the team had secured blood samples of the dead livestock to be tested at its laboratory, which would require around seven to 14 days. “With that, we can eventually find out whether the death was caused by the African swine fever [ASF] or other factors,” she added.ASF had killed thousands of pigs across North Sumatra between the end of last year and the beginning of this year, but Agustina claimed that Nias Island was relatively safe from the outbreak. No sudden deaths of pigs were reported in the region at that time.Read also: ASF outbreak only hit, killing pigs in North Sumatra: Ministerlast_img read more

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New figures reveal house prices are on the rise in this suburb

first_imgMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North2 hours agoNew apartments released at idyllic retirement community Samford Grove Presented by 93 Gordon St, Gordon Park. Picture: realestate.com.auAll four bedrooms in the home are on the one level. The Queenslander has been renovated and is on a 600sq m block of land.There are open plan living and dining areas with polished timber floors and a rear deck.The kitchen has stone benchtops, Miele appliances, and a double sink. 93 Gordon St, Gordon Park, Picture: realestate.com.auNEW figures reveal prices are on the rise in Gordon Park with the median house price up by 4.5 per cent in the past year.According to CoreLogic data the suburb has been a solid performer in the past three years with the median house price increasing by 15.5 per cent during that period.There are only 12 houses listed for sale in the in-demand suburb on realestate.com.au.These include a house at 93 Gordon St, Gordon Park which is to be auctioned at 9am on November 11. 93 Gordon St, Gordon Park. Picture: realestate.com.auThere is a meals area/study nook off the kitchen which is next to the living an dining area. The property also has a swimming pool.The main bedroom has a parent’s retreat and an ensuite. It is listed through Ian Cuneo of Ray White Ascot.center_img 93 Gordon St, Gordon Park. Picture: realestate.com.auMr Cuneo said it was a house that had a lot of future potential.It had been fully renovated, rewired and restumped and lifted to legal height, so that meant a buyer could potentially build in underneath.last_img read more

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Bannon Addresses Arrest “Fiasco” After Pleading Not Guilty to Fraud

first_imgSteve Bannon, former adviser to President Trump, had some strong words for detractors on Thursday, after pleading not guilty to fraud charges and leaving a Manhattan courthouse.“This entire fiasco is to stop people who want to build the wall,” he told reporters.Earlier in the day, Bannon and three individuals from the U.S. Postal Inspection Service who organized a group called “We Build the Wall,” had been arrested on a yacht near Connecticut.Federal prosecutors charged them with defrauding donors in order to help pay for Trump’s border wall with Mexico.The 66-year-old, who served in Trump’s administration during its first seven months, pleaded guilty via video conference in the courthouse.Oops! But who cares, somebody up There likes me…— Steven Bannon (@SteveKBannon) August 20, 2020 He was then released on bail, which includes a $5 million bond.Bannon also agreed to bail conditions that keep him from from traveling on private airplanes, yachts or boats without the court’s permission.Meanwhile, each of the individuals involved was charged with conspiracy to commit wire fraud, as well as conspiracy to commit money laundering.Each of the counts carries a maximum penalty of 20 years in prison.President Trump says he was unaware of the group and its effort.last_img read more

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