The countdown continues: Dubrovnik caterers close bars for 60 minutes in the “3 to 12” action

first_imgCaterers: If there are no us, there will be no jobs 4. Access to investment credit lines (HBOR) A survey based on almost 500 caterers from all over Croatia found that almost 60% of caterers recorded a decline in business of more than 50%, and almost 40% face the fact that in these conditions will not survive until next season. On the other hand, as many as 80% of employers will be forced to resort to terminating contracts with employees. World coffee day with free coffee 3. Access to liquidity lines (HAMAG) Survey: 80% of employers will be forced to resort to terminating employee contracts Photo: Kod Kapetana Hvar / Source: Udruženje ugostitelja Split The measures required by caterers are: 1. Suspension of VAT collection until 1.3.2021. 2. Permanent reduced rate of 10% on all food according to the Croatian Tourism Development Strategy from 2013 (according to the law on food – food, coffee, beer, juices, water and wine) center_img The countdown continues: On Wednesday, September 30, Dubrovnik caterers will close the bars for 60 minutes in the “3 to 12” action, but they will also call for free coffee the next day. “If there are no us, there will be no jobs. We do not ask the Government to give us money or give us anything to the detriment of other taxpayers. We just want to be taken less in the name of taxes in the coming years and to be provided with credit lines that we would of course return through business in the coming, hopefully better years. The widely announced credit lines through Hamag Bicra and HBOR have remained empty letter on paper, and commercial banks do not grant loans to vulnerable companies and crafts in their arrangements”Point out the Association of Caterers Dubrovnik. – For the first time, we have decided to activate, unite and ask the Government for concrete measures to save the economy of our city and the whole of Croatia., emphasize from the Association of Dubrovnik caterers. Following the actions “5 to 12” organized by the Association of Caterers of Kvarner and Istria, and “4 to 12” organized by the Association of Caterers Split and colleagues from all over Dalmatia, the Association of Caterers Dubrovnik together with caterers from the area joins the action “3 to 12”. Because of all this, the Association of Caterers Dubrovnik, together with colleagues from the surrounding area, decided to take action. “3 to 12 ”and on Wednesday 30.09. from 11.57 to 12.57 suspend serving your guests to draw attention to the seriousness of the situation. Numerous companies such as travel agencies, agencies for organizing “events”, carriers, shipping companies, laundries, traders, small renters and of course our fellow caterers, without serious proactive measures will not wait until the beginning of next season, they point out. Dubrovnik Restaurant Association and add that the government’s measures to preserve jobs have really helped their employees, but now employers also need help to keep those jobs safe until next season. As a continuation of the action, the next day 01.10. on World Coffee Day, the locals participating in the action will serve coffee to their guests free of charge in the same time period from 11.57 to 12.57. 5. State guarantees for loans with commercial banks, following the example of other European countrieslast_img read more

​Folksam’s foreign cull pays off, new chief warns of challenges ahead

first_imgSwedish pensions and insurance group Folksam says the halving of its foreign equities portfolio – an exercise the firm carried out last year to lower its carbon footprint – has been more effective than anticipated, and has cut carbon by 30%.Separately, in its 2019 results announcement, the firm’s new chief executive officer warned that there were challenges facing the company in the near future, in spite of the set of strong investment results it reported, with assets under management rising to SEK455bn (€43bn) from SEK404bn in 2018.Folksam said it had expected the decision – announced in May last year – to cull its SEK84bn foreign equities portfolio in order to achieve a 20% reduction in carbon emissions, but the move had in fact shrunk its carbon footprint by 30%.At the same time, the portfolio had beaten global stock markets, it said. Michael Kjeller, Folksam’s head of asset management and sustainability, said: “We are very pleased that the actual outcome has exceeded our expectations.”In the nine months of 2019 that the new portfolio had been in operation, its return surpassed that of global stock exchanges by between 1.3 and 1.5 percentage points, he said, adding that this positive outperformance trend had continued in early 2020.Reporting annual results, Ylva Wessén, Folksam group CEO, said: “In a changing environment, a higher rate of change is required in the business.”She highlighted three new areas of focus for the firm in the near future: an increase in digitisation; the need for increased pressure on companies to lower their carbon footprints in order to achieve net zero by 2050; and changing working methods and office structures within the company as a means of cutting operating costs to SEK5.3bn by 2022.Folksam reported total group premiums in 2019 rose by SEK1.7bn from the year before, to SEK56bn.Folksam Life, the life and pensions division, produced a 10.4% return in the year, up from 1.5% in 2018, with solvency increasing to 169% from 163%.Meanwhile, Folksam’s municipal pensions subsidiary KPA Pension reported a total investment return of 11.2%, up from 2018’s 0.5%, and a solvency ratio of 171%, increasing from 165% last year.Wessén was appointed in December as the permanent successor to the Folksam’s previous CEO Jens Henriksson, having been running the pensions and insurance group on a temporary basis since his departure at the end of last summer.last_img read more