CNTB has announced a call for the annual “Anton Štifanić” awards and lifetime achievement awards

first_imgLifetime Achievement Award – Frane SkoblarAnnual award “Anton Šifanić” – individual – Ivan SabljicAnnual award “Anton Šifanić” in the category of company, institution or association – ID Riva Tours GmbH Last year’s winners for 2018 were: The award is given for 2019, as a special recognition for the exceptional contribution of individuals and companies and / or institutions in the development of tourism in the Republic of Croatia, and applications are accepted until November 17, 2020 by 12:00 p.m. The award can be given to individuals, companies and / or institutions and / or associations (Anton Štifanić Annual Award) and an individual for lifetime achievement (Lifetime Achievement Award). The incentive for awarding the Prize to the Commission may be proposed by all natural and legal persons of the Republic of Croatia. Photo: HTZ The Croatian National Tourist Board recently announced a public call for the Croatian Tourist Award in 2020 in the category “Man – the key to success, employee of the year”, And now an invitation is open for two categories – as the Annual Award”Anton Štifanić“And the Award for life’s work. center_img The public call is available on the official one page of the Croatian National Tourist Boarde, and the application form is available via the following links. The selection of the winners in 2020 within the category of the Croatian Tourist Award is exceptionally carried out within the changed time frames in relation to the prescribed propositions and procedures due to the circumstances caused by the coronary virus pandemic. Related news: CNTB opens online applications for the Annual Croatian Tourist Awardslast_img read more

Turkey’s Garanti Pension to launch commodity, global equity funds

first_imgGaranti Pension and Life, the largest pension insurance company in Turkey in terms of the number of pension savers, is planning to launch new funds investing in commodities and international equities.Cemal Onaran, managing director at the TRY4.6bn (€1.3bn) firm, told IPE the new funds would be launched within the next four years.“Our foreign stock market investment fund will most likely invest in both developed markets such as the US and Germany, as well as in emerging markets like Brazil, China and Russia,” he said.“This will respond to the need for alternative investment vehicles, provide tool for diversification away from the domestic risks and vulnerabilities.” Most pension fund assets in Turkey are at present invested in T-bills and Turkish government bonds (59.83%), which lost 0.32% last year.The remainder of pension portfolios are invested in other investment vehicles (17.97%), stocks (12.87%), reverse repos (7.08%), foreign securities (1.24%) and money markets (1.01%), according to Turkey’s financial regulator (SPK).Turkish private pension investments pulled in an average total return of -0.76% last year.Onaran believes that, although Turkish investors still strongly prefer fixed income investments, equities will be the most rewarding instrument for pension funds in the long term.Garanti Pension has some 813,000 customers at present.“Until 2008,” Onaran said, “interest rates in Turkey were quite high, at around 25%, so the optimal strategy was to invest in money market or government bond funds.“From 2008 on, however, interest rates fell down to 7-8%, and investors started to demand higher returns.“This, as well as growing knowledge and experience on financial markets, is increasing interest in alternative investment vehicles such as foreign equity funds.”Garanti Pension is also planning to grow its overall exposure to equities, where it currently has some 13.5% of its assets.In addition, some 68.8% of Garanti Pension’s assets are invested in local fixed income, 9.8% in reverse repos and 7.9% in time deposits, foreign exchange fixed income instruments and commodities.“Already now, we allocate more funds to equities than the average firm in the market,” Onaran said.“We are planning to increase our equity exposure further, up to 15% of all assets in 2-3 years, and to 20% in the long run.“We will gradually increase the average equity ratio within our flexible and equity funds as the market prices test reasonably low levels.”last_img read more

CAF CHAMPIONS LEAGUE: Top 4 emerge as champions bow out.

first_imgRelated2017 CAF Champions League: Holders Mamelodi Sundowns Booted OutSeptember 24, 2017In “Africa”CAF Champions League Curse Strikes Again As Al Ahly, Zamalek, Raja And Wydad Make Last FourMarch 8, 2020In “Africa”CAF Champions League: Etoile Setup Huge Semifinal Clash With Al AhlySeptember 25, 2017In “Africa” USM Alger progressed to the semi-final thanks to Darfalou first leg goal against Ferroviário Beira in Mozambique which ended (1-1) after both teams uncharacteristically settled for a goalless score in Algiers.Defending champions Mamelodi Sundowns failed in their quest to join the few teams who have as part of their history the tag of successfully defending the CAF Champions League after losing 3-2 on penalties to Moroccan team Wydad Casablanca in tade Prince Moulay Abdallah. The South Africans lost 1-0, which made the aggregate score locked at 1-1, but penalty misses from Percy Tau, Yannick Zakri and Bangaly Soumahoro sealed their fate and brightened Wydad’s hope for continental success.Semi Final Fixtures:Étoile du Sahel Tunisia vs Egypt Al-AhlyAl-Ahly Egypt  vs Tunisia Étoile du Sahel The winners of the 2017 CAF Champions League will qualify as the CAF representative at the 2017 FIFA Club World Cup in the United Arab Emirates, and also earn the right to play against the winners of the 2017 CAF Confederation Cup in the 2018 CAF Super Cup.center_img Tunisia’s Étoile du Sahel set up a combustible semi-final tie against eight-time winners Al-Ahly, as champions Mamelodi Sundowns crashed out of the 2017 CAF Champions League.Review of the quarter-final matches:In Sousse, two well taken goals from Egyptian striker Amr Marey in the 16th & 46th minute was all Étoile du Sahel needed to see off Libya’s Al-Ahli (2-0) on aggregate.At the Stade Olympique de Radès, the tie of the round produced the expected spectacle. Espérance with the slight advantage after holding off (2-2) in the first leg got off to a flying start when Taha Yassine Khenissi converted a 40th minute penalty which sent fans present into a frenzy. Unfortunately for the locals, Tunisian Ali Maâloul defender of Al-Ahly made it 1-1 in the 50th minute, before Nigeria’s Oluwafemi Ajayi ensured a (4-3) aggregate score for the Egyptians with a 62nd minute strike.last_img read more