Liquidity loans are the only real measure to save entrepreneurs. A measure that everyone is waiting for like a straw of salvation

first_imgPhoto: Francis Desjardins from Pexels Burilović said that we must already think about the financial instruments we can offer to the economy in the future, and it was jointly concluded that we should work on improving the communication of institutions with entrepreneurs, in order to be as informed as possible about the opportunities offered to them.  In this regard, the Croatian Chamber of Commerce has offered all its capacities in order to convey information as directly and clearly as possible to businessmen, points out Burilović and adds: The problem is that there is no cash flow, ie that the tourist market can expect only the first turnover in the spring of 2021, and it should survive until then. Also, it should be emphasized that all previous measures have been focused on preserving jobs, ie employees, and not to the entrepreneurs themselves and the preservation of the company. “As business institutions, we need to see how we can further improve our cooperation, and above all we wanted to convey to you the questions and suggestions of our members. One of the most current topics is loans from Hamag Bicro and HBOR, the allocation of which must be accelerated and simplified because entrepreneurs desperately need all possible means to preserve liquidity. We have a lot of constructive suggestions that we will pass on to you in order to make life as easy as possible for entrepreneurs”, Said the president of the Croatian Chamber of Commerce Luka Burilović. “We can help a lot through our network of County Chambers and business associations and communities. Also, within the Digital Chamber, we have an e-financing module with all tenders, from the EU to local self-government, and offers from all commercial banks. As part of that, we can also put a section with the offer of Hamag Bicro and thus additionally connect digitally”, Concluded Burilović.  This is the biggest help to entrepreneurs, and especially to the tourism sector, which is among the most affected industries, which everyone is eagerly awaiting. Although it seems logical that all sectors are looking for this measure and are waiting for it as a lifeline, so far there has been no major progress on this topic. The measures taken so far are commendable and well-hit, but they will not save entrepreneurs. center_img As they point out from the Croatian Chamber of Commerce, through their County Chambers, they collected the requests of businessmen from all over Croatia and structured them and passed them on to Hamag Bicro. Entrepreneurs, among other things, are looking for extension of loan terms, refinancing of existing liabilities, and torment them and whether they can Hamag Bicro funds used in addition to job preservation grants. The problem is that they receive contradictory answers to these questions from different institutions.  Liquidity loans are a burning problem of the economy and the only real chance for entrepreneurs to survive this year, especially in the tourism sector. Everyone is looking for one thing – not free money, but the opportunity to borrow over HBOR or Hamag Bircoor that the state provides a certain guarantees, so that entrepreneurs can borrow through commercial banks. It is commendable for an open dialogue, but entrepreneurs no longer have to wait, they have been waiting for half a year for concrete steps on this issue, and also banks and leasing companies also want to collect their receivables. This is an extraordinary situation, and we need extraordinary steps, ie urgent concrete decisions. “We communicate all our projects and we are open to all suggestions and suggestions on how to improve and speed up our work, especially when they come from companies. Unfortunately, we had a situation where we received an enormous amount of requests in a short period of time, which burdened our capacities to the extreme. Despite that, next week we will finish processing all requests for the so-called covid loans, of which there were over 5500”, Said the CEO of Hamag Bicro Faithful Vrbanec, noting that, according to their data, Hamag Bicro placed more funds in the corona crisis than all commercial banks and HBOR combined. On this topic, a meeting of the leaders of the Croatian Chamber of Commerce and Hamag Bicro was held at the Croatian Chamber of Commerce, and the main topic of discussion was improving inter-institutional cooperation with emphasis on speeding up and simplifying procedures for granting liquidity loans. last_img read more

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Malmaison opens More-London Bridge hotel

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Race to ready Dubai’s mega Expo despite one-year delay

first_imgArmies of workers in protective masks are racing to complete the mammoth Dubai Expo 2020 site despite the coronavirus that has sickened some employees, forced a one-year postponement, and created a logistical headache.The six-month world fair, a milestone for the emirate which has splashed out $8.2 billion on the eye-popping venue in the hope of boosting its soft power and resetting the economy, will now open its doors in October 2021.But organizers grappling with the complexities of rescheduling the event are intent on delivering the main buildings of the Expo by the original start date. They are keeping the Expo 2020 name and logo, which is emblazed on everything from billboards to aircraft.As well as the onset of the scorching Gulf summer, organizers have had to contend with coronavirus infections and layoffs among a large workforce recruited from across the world.”Of course, the impact of COVID-19 has affected the logistics and the processes of delivering some of the remaining works,” said Ahmed Al Khatib, chief development and delivery officer.But “work continues and some of the pavilions have actually reached a very final stage. 2020 is the year of delivery,” he told AFP during a rare visit to the site, which will be mothballed once the major work is done. Difficult decisions Once a tangle of concrete and dust, the 4.5 square kilometer venue has now risen from the deserts of Dubai. Many of the buildings’ main structures have been completed.The United Arab Emirates pavilion, built in the shape of a falcon in flight, is only a few feathers away from completion, while the adjacent Saudi Arabian pavilion is now a huge window opening up into the sky.Tunnels are open and streets have been paved. The sound system and 5G towers have been installed, and transplanted mango and olive trees are flourishing.Before the coronavirus pandemic, Dubai hoped the largest event ever staged in the Arab world — billed as the “World’s Greatest Show” — would attract some 25 million visitors.It will showcase dozens of pavilions among the 192 participating countries including Israel, despite the Jewish state having no diplomatic ties with the UAE.Since the first “World Expo” was held at London’s Crystal Palace in 1851, global fairs have been used to showcase new ideas and technology as well as serving as nation-branding exercises. With a lavish promotional campaign featuring superstars such as Lionel Messi, Dubai hopes the Expo will be a lifeline for the property, tourism and trade sectors, after years of malaise in the region which has now been aggravated by the global coronavirus-induced slowdown.Chief Engagement Officer Manal AlBayat said the postponement approved in May by the governing Bureau International des Expositions (BIE) had no impact on the “commitment to deliver an Expo that inspires the world”.But as the timeline stretches out, putting pressure on budgets, it has led to layoffs among staff that once thronged the air-conditioned temporary buildings on site.”Very sadly, a number of Expo employees will be leaving us. Of course, the decision was very difficult taken in [the] context of the postponement and it’s difficult because they’re members of the tribe,” said AlBayat, without specifying how many jobs were lost. Daily challenges On the vast Expo site south of the city, the pandemic creates daily challenges, as workers converse and share crane boxes, at a time when the UAE is still registering hundreds of new infections every day.AlBayat said that among the many precautionary measures are a testing facility built on site and awareness sessions held for workers.But like many workplaces in the region, infections have emerged.”We have had some positive cases with our workers as well as with our Expo staff,” she said, declining to say how many. “We ensure that if anyone has tested positive they do not come back until they have tested negative and have been approved by the health authorities to come back to work regardless of whether they are workers or Expo employees”.More than half of the coronavirus cases registered in the six Gulf countries — which now exceed 355,000 and rising — are among foreign workers, who often live in cramped conditions that do not allow for social distancing.Measures to contain the coronavirus pandemic forced Dubai — which attracted 16.7 million visitors last year — to close its doors in March. It is aiming to reopen ahead of the start of the tourist season in September, when the summer heat dissipates.”We believe that Dubai will come back to its number of visitors and we will work closely to achieve the best number of visitors for our Expo,” said Al Khatib when asked whether original goals would need to be revised.”One year of postponement means more… room for improvement,” he added optimistically. Topics :last_img read more

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On “Jobs that Pay” Tour Governor Visits Greiner Packaging, Discusses Apprenticeships

first_img April 26, 2017 Budget News,  Jobs That Pay,  Press Release,  Workforce Development Pittston, PA – Governor Wolf today toured Greiner Packaging in Pittston and participated in a roundtable discussion focused on apprenticeships and manufacturing workforce needs with Greiner employees, student interns, and community leaders. Representatives from the Governor’s Action Team and the Department of Labor & Industry’s Office of Apprenticeship also participated.“Apprenticeship programs such as the one Greiner Packaging has developed are providing access to great career pathways in manufacturing,” Governor Wolf said. “What better way to connect people to jobs that pay than an employer creating a training program that meets its needs for a skilled workforce.“I also see and understand the need for innovative and expanded apprenticeship programs; that’s why I have included an apprenticeship grant program in my 2017-18 budget.”The grant program – both for those leaving the K-12 education system and those transitioning into a new industry sector – can receive training aligned to business workforce needs, so workers are not training just to train, but have a job, a career path established.Greiner Packaging partnered with Luzerne County Community College on its “Gold Apprentice Program,” to train technicians needed to fill the workforce at the packaging manufacturer.“We are extremely honored to have the opportunity to showcase our growth and accomplishments to the Governor and his action team; specifically, through our Greiner Gold Apprentice Program,” David Kirkland, president of Greiner Packaging said. “Our program is unique to the area since students earn a degree whilst getting hands on experience from specially trained mentors. We are proud of our apprentices and excited to be part of their journey towards a successful long-term career at Greiner Packaging.”Governor Wolf’s budget continues to invest in 21st century manufacturing, workforce development and training programs while also implementing new safeguards to ensure taxpayer dollars for economic development projects are spent appropriately and intended outcomes are met.In addition to investments in apprenticeship and manufacturing training-to-career grant programs, Governor Wolf continues to make “jobs that pay” a top priority.Since taking office, his administration has secured over $2 billion in private sector investments in the commonwealth and commitments for the creation and retention of over 200,000 full-time jobs.Over the past two years, the governor has worked to increase the number of residents with college degrees and high-value industry-recognized credentials and to expand economic opportunities for residents and businesses while fighting for a minimum wage increase.Governor Wolf continues to travel the commonwealth to talk to business owners and workers about what the commonwealth can do to help them thrive. In this year’s budget, Governor Wolf is committed to continuing to grow our economy and create jobs.Greiner Packaging Corporation is a subsidiary of Greiner Packaging International and the company’s first U.S. location was established in Pittston to serve as the company’s corporate headquarters. In production since October 2014 with new technologies and state-of-the-art equipment, technologies include thermoforming, extrusion, injection molding, and direct print.For more information about the Governor’s Action Team or DCED visit dced.pa.gov/. On “Jobs that Pay” Tour Governor Visits Greiner Packaging, Discusses Apprenticeshipscenter_img SHARE Email Facebook Twitterlast_img read more

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ANL Charters Boxship from GSL

first_imgContainership charter owner Global Ship Lease (GSL) has inked a new time charter with ANL, a subsidiary of CMA CGM, for GSL Keta.Built in 2003, the 2,207 TEU containership was previously known as Delmas Keta.The new charter, commencing later this month, is for a period of between seven and ten months at a rate of USD 8,450 per day, up from USD 7,800 per day under the preceding charter.What is more, the company has exercised options to extend the existing charters of the 2002-built, 2,207 TEU Marie Delmas and Kumasi to CMA CGM through December 31, 2019, at a rate of USD 9,800 per day. The company retains additional options, in its favor, to further extend both charters through 2020.“Our success entering into this new charter at a higher rate highlights the firming fundamentals for mid-size and smaller containerships. Furthermore, through both this new charter and the exercise of two options at attractive rates, we are pleased to have further expanded our contracted revenue backlog and consolidated our relationship with the CMA CGM group,” Ian Webber, Chief Executive Officer of Global Ship Lease, said.Earlier this month, CMA CGM decided to charter four boxships from Poseidon Containers. Poseidon Containers recently announced a merger with GSL, aiming at creating a containership charter owner focused on mid-sized and smaller vessels.As of September 30, 2018, Global Ship Lease owned 19 vessels with a total capacity of 85,136 TEU and an average age, weighted by TEU capacity, of 13.7 years. All 19 vessels are fixed on time charters, 17 of which are with CMA CGM.last_img read more

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CHC chief executive resigns. Interim CEO named

first_imgPresident and chief executive officer of helicopter operator CHC has resigned to accept an opportunity outside of the oil and gas industry.CHC said on Wednesday that president and CEO Karl Fessenden would resign from the company on August 2.Dave Balevic, SVP of engineering and operations, will assume the role of interim CEO while the company looks for Fessenden’s successor.Fessenden said: “It has been a privilege working shoulder-to-shoulder with the best team in the business. I want to thank the team and the board of managers for their support.“CHC is in a strong position both financially and competitively in the marketplace, and the course to a bright future is set by continuing to execute our strategy.”John Gremp, chairman of CHC board of managers, added: “On behalf of the board, we thank Karl for his service and many accomplishments during his tenure as CEO. We will always be grateful for his leadership at a critical juncture in CHC’s history. We wish Karl and his family the very best.“[…] we are fortunate to have Dave step in as interim CEO. He has the board’s full confidence and will ensure continuity while we conduct a thorough search for a permanent replacement.”Fessenden was named president and CEO of CHC Helicopter and a board member of its parent company, CHC Group, in February 2015. He came to CHC from GE.Fessenden led multiple global-service business units at GE Energy and GE Aviation. Most recently he directed GE’s integration of the Alstom power-generation business, the largest acquisition in GE’s history.Before that, he managed GE’s $8 billion Power Generation Services unit, the largest industrial-services business at GE. His background includes 15 years in the aviation sector with GE and Pratt & Whitney.As for Balevic, he was appointed to his current position in May 2015, coming to CHC with 26 years of progressive leadership experience at General Electric.During his time at GE, he held roles in aviation, power generation, and oil and gas.Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

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400 kilos of ‘ice’ seized in Australia

first_imgA search of an air cargo consignmentthat arrived at a Sydney freight depot from the US on Oct. 15 found 768 bottlesof sriracha chili sauce, “with presumptive testing returning a positiveindicator for methylamphetamine (ice),” New South Wales state police said. SYDNEY – Four men were arrested forsmuggling 400 kilograms of crystal meth, “or ice” worth an estimated A$300million ($210 million) concealed in bottles of sriracha hot chili sauce fromthe United States (US), Australian police said on Thursday. Seized bottles of sriracha hot chilli sauce, which were later found to conceal “crystal meth or ice,” are seen in Sydney, Australia on Oct. 15. MANDATORY CREDIT NEW SOUTH WALES POLICE FORCE/HANDOUT VIA REUTERS Police arrested a 36-year-old man onSunday and made two more arrests on Monday at the car park of a hotel inSydney’s central business district. A fourth man was arrested on Thursdaymorning. Ice, or crystal methamphetamine, isone of the most potent varieties of amphetamine drug. The name “ice” becamepopular due to its white little “crystals” and glass-like appearance.(Reuters)last_img read more

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EIAC Golf Meet At Brookhill

first_imgThe Batesville Lady Bulldogs shot their best 18 hole score of the year, but finished 3 strokes behind the Connersville Lady Spartans at the EIAC Championship at Brookhill Golf Course on Saturday.Team Scores:  Connersville 357, Batesville 360, Franklin County 366, East Central 389, Greensburg 407, Rushville 474, South Dearborn INC, and Lawrenceburg INC.Madison McCreary-Batesville won her third straight EIAC MVP shooting a2-over par 73.  2nd Lindsay Hackelman C 77, 3rd Madison Harsh B 82, 4th Tate Adams C 82, 5th Dana Bransetter FC 83, 6th Taylor Erfman FC 85, 7th Brianna Stagge G 87, 8th Skyler McHahon EC 89, 9th Payton Ewing G 94,10th Anna Hensley SD 95, 11th K Ryan EC 96, T-12th Maddie Rose C 98, T-12th Kendyl Brack FC 98, and T-12th Meghyn Kischoff R 98.Courtesy of Bulldogs Coach Tom Meyer.last_img read more

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Bulldogs And Panthers Split Middle School Football Games

first_imgBatesville’s 7th grade football team fell to Jennings County 20-6.The Bulldogs scored first on a 7 yard pass from RJ Powell to Pros Moorman. Jennings County scored right before half to make it 6-6. It stayed this score until midway through the 4th quarter when JC returned a punt for a TD. On the ensuing kickoff the Bulldogs fumbled and JC returned it for another TD. Damon Grieshop, Adam Longstreth, and Jerimiah Lemmel played well for the defense. Kody Hooten, Logan Adams, and Ben Schebler opened good holes on the offensive line.Courtesy of Bulldogs Coach Tony Gausman.The 8th grade beat a very good Jennings County team 22-6 on Tuesday night.The 8th grade offensive line consisting of Owen Hudepohl, Abe Peetz, Carson Fulton, Ethan Meyer and Max Foutch was dominate all night. The dominate play of the line opened several holes which allowed Isiah Riffle to score three touchdowns. Also playing very well for the Bulldogs were Braydon Linkel and Seth Gausman.Courtesy of Bulldogs Coach Clay Kellerman.last_img read more

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Car show, test and tune Saturday at Sheridan

first_imgSHERIDAN, Wyo. – Sheridan Speedway’s car show and test and tune are this Saturday, April 28.The car show will be held at Holiday Inn’s north parking lot from 11 a.m.-1p.m. Fans are invited to come visit with their favorite drivers and see how the new rides look for the 2018 racing season.The test and tune will follow from 2 p.m. sharp to 4 p.m. Driver/car fee will be $10 and there is no charge for spectator admission.Sheridan sanctions both the IMCA Modifieds and IMCA Sunoco Hobby Stocks.last_img read more

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