Reporters Without Borders regrets adoption of law making it a crime to deny Turkish genocide against Armenians

first_img May 10, 2021 Find out more June 2, 2021 Find out more RSF_en Follow the news on France October 13, 2006 – Updated on January 20, 2016 Reporters Without Borders regrets adoption of law making it a crime to deny Turkish genocide against Armenians RSF denounces Total’s retaliation against Le Monde for Myanmar story Reporters Without Borders can only regret the adoption by the French National Assembly, on 12 October 2006, of a draft law making denial of the Armenian genocide a crime. It will now be punishable by five years in jail and 45,000 euros fine.The law complements that of 19 January 2001 in which France publicly recognised the 1915 Armenian genocide.“There is obviously no question of going back on the recognition of the Armenian genocide, but legislating on it will expose anyone denying it to harsh judicial penalties set out by the 18 July 1881 law on press freedom (Article 24a). Memorial laws contribute to the creation of an official historical truth. This practice is incompatible with France’s fundamental values, starting with freedom of expression,” said the organisation.“Not only is it absurd that free expression – however contestable and that is not the question – should be submitted to a constraint which is also an additional threat, but it seems to us that this legalistic concept of history will be much more likely to stoke up antagonism rather than promote debate. “It is particularly symbolic that this vote should have been held on the same day of the awarding of the Nobel Prize for literature to Orhan Pamuk, who was himself taken to court by the Turkish authorities for having raised the issue of this genocide,” Reporters Without Borders stressed.Reporters Without Borders hopes that senators due to examine the law at the second reading, will show less attention to forthcoming elections and will have the wisdom to reject it. If not it could have incalculable consequences for all historians and of course for press freedom. FranceEurope – Central Asia FranceEurope – Central Asia “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says News Help by sharing this information Organisation News News Receive email alerts Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU Reporters Without Borders strongly regrets the adoption yesterday of the first reading of a law that will make it a crime punishable by prison to deny the 1915 genocide. Memorial laws contribute to the creation of an official historical truth, the organisation points out, hoping that senators who will shortly examine the draft law will have the wisdom to reject it. to go further June 4, 2021 Find out more Newslast_img read more

Could Home Price Surge Lead to Another Crash?

first_imgHome / Daily Dose / Could Home Price Surge Lead to Another Crash?  Print This Post Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News August 24, 2020 2,922 Views The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Even in the face of a pandemic, elevated unemployment, and a general nationwide recession, home prices have surged, researchers recently reported. “Prices are defying logic, expectations, and even belief, as they shoot up to record highs amid an unprecedented health and economic crisis,” reported Realtor.com, which went on to weigh the questions: “Are some markets getting too hot? Could a significant correction be around the corner?” Markets in possible peril include “some high-priced California and less expensive Rust Belt, Midwestern, and Southern markets,” Realtor.com reported.  Prices have shot up by more than 20% in the past year in some of these regions. Experts who spoke with Realtor.com discussed the sustainability of this “seemingly irrational home price exuberance” and speculated that “bubble territory” could be looming. They also speculated that a Great Recession-type bust is unlikely. Nationally, the median home list price rose 10.1% year over year in the week ending August 15, according to the most recent Realtor.com figures.  This year’s high prices are driven by many buyers competing for a very limited inventory. More demand than supply means higher prices. “Some markets are overvalued,” said Javier Vivas, Realtor.com’s Director of Economic Research. “Growth of prices in a recession is pointing in that direction. Some markets are seeing increased risks of price corrections.” More likely than a bubble pop is the chance that home prices would come back to reality, Vivas said. “Typically, market corrections happen fairly quickly, within two or three months, as priced-out buyers make a beeline for the sidelines,” Vivas said. “This year, record-low mortgage interest rates are muddying the picture.” Rates at an unprecedented sub 3% are driving more buyers into the market and allowing them to stretch higher on what they’re willing to pay. Lower rates mean lower monthly mortgage payments. That’s allowing sellers to ask—and receive—more for their properties. Those unable to buy in the spring because of the pandemic—along with buyers desperate for larger, single-family homes with big backyards after sheltering in place for months—are adding to the rising demand. However, worries about the pandemic have led to a record-low number of homes for sale, as sellers decided to wait out the health crisis. Meanwhile, many builders were forced to pause projects in some parts of the country. That has led competing buyers to bid up prices hoping to secure a property. The 2020 home price ramp-up is happening in some of the nation’s most expensive and inexpensive markets alike.“In the inexpensive markets, you have a ton of space for prices to grow. You can see them overheat and absorb that overheating better,” says Vivas. That’s unlike the already high-priced coastal areas. “The outlook for them is a faster and broader correction, [with] slight declines in home prices.” Realtor.com explained why America likely will not see the housing-bubble pop it saw in 2008.  Until more properties come online, the low-inventory-high-demand dynamic is unlikely to change. The Great Recession had the opposite problem: There were many more homes available than qualified buyers. “In the aftermath of the housing bust, it’s become harder for buyers without good jobs and strong credit to score mortgages. This weeds out riskier borrowers. And unlike the last go-around, when builders were erecting residences at what seemed like a break-neck pace, the under-building of the last few years has exacerbated the housing shortage,” according to Realtor.com.“Even if the economy doesn’t improve by next year and a vast swath of Americans remain unemployed, we are not likely to see the flood of foreclosures that characterized the housing crash, partly because government protections could be extended.” The report goes on to evaluate the potential future of over overvalued markets as well as potential increases in cheaper markets.   Previous: A Closer Look at Latest Forbearance Report Next: Landlords Fight Foreclosure Ban Related Articles Could Home Price Surge Lead to Another Crash? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Christina Hughes Babbcenter_img Share Save Tagged with: Forbearance Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Forbearance 2020-08-24 Christina Hughes Babblast_img read more

Champlain names new director of Criminal Justice program

first_imgBURLINGTON, Vt.Champlain College has named Robert Lee Edwards, JD, of Colchester as the new director of the Criminal Justice program.Edwards brings more than 32 years of experience in international, urban and rural law enforcement, as well as roles as an attorney and college professor. Most recently, Edwards has been a member of the Independent Judicial Commission in Bosnia and Herzegovina as the head of office in Tuzla. His team investigated complaints of misconduct of judges and prosecutors, verified applications for appointment to judicial posts, and reviewed proposed legislation relating to judicial procedure.This was fulfilling, history-making work that was highly appreciated by the citizens, Edwards said. The courts had been ethnically cleansed and politicized and we reversed a substantial portion of that sad piece of the history of Bosnia.Edwards earned his doctor of law and master of public administration degrees at Golden Gate University. He has served as a detective sergeant at the Oakland Police Department in California and bureau commander and legal advisor at the New Milford Police Department in Connecticut. Hes had a solo attorney practice since 1981 and was a regional chief of investigations for the United Nations International Police Task Force in Bosnia and Herzegovina in 1996-97.Ive been in the business of criminal justice for more than 30 years, he said. By integrating my first-hand experiences into the classroom, I hope to energize a high level of interest in the subject matter.Because of my assignments in Bosnia, I have developed an interest in the public policy issues of international civilian police working with locals in post-conflict and reconstruction situations, he said. Working with lawyers and police officers from so many backgrounds has enhanced my understanding of legal cultures throughout the world.Edwards was the founding director of a degree program in criminal investigation at the State University of New York-Canton. Previous teaching positions included Sierra Nevada College, Golden Gate University and the University of Wisconsin.# # #last_img read more

New study shows almost 7GW of battery storage in U.K. pipeline

first_img FacebookTwitterLinkedInEmailPrint分享BusinessGreen:The UK’s nascent energy storage sector is surpassing all expectations and is set to deliver close to 7GW of capacity in the next few years, over a decade earlier than previously thought. That is the conclusion of a new analysis by trade bodies RenewableUK and the Solar Trade Association (STA) published ahead of the groups’ first energy storage conference in London today.It shows that planning applications for new battery storage projects have soared from just 2MW of capacity in 2012 to a cumulative total of 6,874MW today. Crucially, the bulk of the pipeline of proposed projects has a good likelihood of being built. Currently 92 per cent of storage projects secure planning permission from their first application, while investors are increasingly attracted to projects that promise to tap into a range of new revenue streams through the grid balancing services they can offer.The analysis forms part of a new database, which will allow RenewableUK members to access comprehensive information on nearly 400 UK energy storage projects. It will show where operational projects are located on an interactive map, and highlight those projects in planning or under construction, including those sited alongside solar, wind and tidal energy projects.The study also shows that improvements in battery technology mean the size of battery projects is increasing. The average capacity of applications for new battery storage projects has risen from 10MW in 2016 to 27MW today.RenewableUK said that there is already 3.3GW of storage capacity, including hydro projects, operational in the UK and a further 5.4GW has planning consent, including 4.8GW of battery storage.The data provides further evidence of the speed at which the UK power sector is transforming. Writing on Twitter, Green Alliance’s Chaitanya Kumar noted that 7GW of energy storage capacity would be higher than most National Grid projections for the sector in 2030.More: Powered up: New database reveals stellar growth of U.K. energy storage sector New study shows almost 7GW of battery storage in U.K. pipelinelast_img read more

10 Best Blue Ridge Byways for Fall Leaf Peeping

first_imgTake the scenic route on your next leaf peeping adventure with these 10 iconic drives and roadside hikes.Blue Ridge ParkwayVirginia—North CarolinaThe Drive: Weaving for 470 miles from Virginia to North Carolina, the Blue Ridge Parkway has consistently ranked among the top five most popular national park units for its accessibility, historical significance, and of course, those classic Blue Ridge views. The parkway is like a traveling timeline. Visitors can glimpse the life of an 1800s homesteader in the morning and sip on locally made wine from state-of-the-art vineyards all in a day. Consider the changes in elevation when on the hunt for fall colors. Peak foliage hits a lot later at 649 feet along the banks of Virginia’s James River than at 6,047 feet atop North Carolina’s Richland Balsam.The Hike: For a moderate hike with outstanding views, head to Flat Top Mountain, the tallest of three peaks that form the Peaks of Otter. The parking area is located at milepost 83.5. Follow the Flat Top Trail into the forest, where the gradient is mellow and fast. Don’t be fooled—the summit trail climbs 1,900 feet over the course of 2.6 miles, making those tight switchbacks feel punishingly endless. Stick with it for picnic-perfect boulders and views from 4,001 feet of the Piedmont Valley.The Linn Cove Viaduct snakes around the slopes of Grandfather Mountain, N.C. —Photo by Tommy White.Skyline DriveVirginiaThe Drive: This 105-mile paved drive traverses the spine of the Blue Ridge as it passes through Shenandoah National Park. Nearly every bend in the road here is bursting with life. The park and its backbone byway are home to 1,600 species of trees and plants, over 90 streams, and 60 peaks above 3,000 feet in elevation. With 75 overlooks stacked along the drive (that’s almost one overlook for every mile-and-a-half), you might get so caught up in the sightseeing you never make it to the trailhead.The Hike: Short and ever so sweet, the Bearfence Mountain Trail has it all—rock scrambles, tough terrain, and front row seats to the best view in the park. Totaling 1.2 miles round-trip, this is the perfect excuse to get out and stretch your legs. Head to milepost 56.5 to begin your trek. At one point, the rocks atop Bearfence were volcanic lava, but millions of years of exposure have morphed them into greenstone.Highland Scenic HighwayWest VirginiaThe Drive: Nothing brings out the vibrant reds and oranges of autumn like the stark evergreen of spruce trees. Driving along the tree-studded, 43-mile Highland Scenic Highway feels like a northeastern road trip, both in scenery and in temperatures. Meandering along the Allegheny Highlands above 4,000 feet, the drive cuts right through the heart of the Monongahela National Forest and alongside the Cranberry Wilderness for 22 miles. The weather here is notoriously stormy, so don’t be disappointed if the view is socked in—the moody fog just adds to the Mon’s mystique.The Hike: For a short day hike, explore the Black Mountain Trail, which connects both the Williams River Valley and Big Spruce Overlooks. The 2.4-mile trail weaves in and out through a rhododendron-choked forest of birch, beech, and red spruce before arriving at a boardwalk and interpretive sign about a devastating wildfire that hit here in the 1930s. For an overnight backpacking trip, and a lesson in humility, head into the Cranberry Wilderness via the North/South Trail to Hell For Certain Branch. You might feel like hell once you slog your way to this creek, but the dreamy campsites there are like stepping through Heaven’s gates.Laurel Highlands Scenic BywayPennsylvaniaThe Drive: Beginning just north of Johnstown, Penn., and traveling for 68 miles southwest to the Pennsylvania–West Virginia border, this backroads cruise will change everything you ever thought about the Keystone State. The byway links together some of southwestern Pennsylvania’s most cherished public lands like Roaring Run Natural Area, Bear Run Nature Reserve, and Ohiopyle State Park.The Hike: Photographers, bring the camera for this one. The Meadow Run Trail is only three miles in length, so you won’t be far from the car, but the roaring Cucumber Falls will make you feel miles from the nearest anything. Get up early, or stay out late, to catch the falls in all of its golden hour glory. If the water levels are up, keep a lookout for kayakers paddling the rowdy section of the Meadow to its confluence with the Lower Youghiogheny.[nextpage title=”Read on!”]Red River Gorge Scenic BywayKentuckyThe Drive: Travel through the land of pioneer Daniel Boone on this 46-mile drive. Beginning in Stanton, Ky., drivers will arrive first at the Nada Tunnel, a 900-foot passageway used to transport logs by rail in the early 1900s. Now considered the gateway to the Red River Gorge, this tunnel is only wide enough for one car to pass, so take extra caution when driving through. From here, the byway continues alongside sandstone rock formations and the lazy Red River, a designated wild and scenic river, before ending in Zacharia.The Hike: The Red River Gorge itself is estimated to have over 500 miles of hiking trails, not to mention the nearly 2,000 rock climbing routes hidden among its endless sandstone cliffs and limestone rock faces. Hikers can still get a taste for the unique geology here without roping up. The Sand Gap Trail begins and ends in the Natural Bridge State Resort Park near the end of the byway. At 7.5 miles, this challenging loop, which utilizes part of the Sheltowee Trace National Recreation Trail, will take the better part of a day, but is well worth the hard-earned solitude and access to the 78-foot long Natural Bridge.Roan Mountain Tennessee—North CarolinaThe Drive: Begin on either side of the state line. In North Carolina, take NC Highway 261. In Tennessee, follow TN State Route 143 to the entrance of Roan Mountain State Park. The drive itself climbs high into the Roan Highlands, crossing Carver’s Gap at 5,500 feet. Even in the dead of summer, visitors to Roan Mountain should definitely bring a jacket, as the higher elevations can be upwards of 20 degrees cooler than your starting destinations. This is one of the few mountain passes that is maintained year-round, so you can still hit the road if the temperature drops below freezing or there’s an unseasonably early snowstorm.The Hike: Roan Mountain is revered for its mountain vistas and treeless balds. Experience both by beginning at the Carvers Gap trailhead near the North Carolina–Tennessee state line and taking the Appalachian Trail north. Veer off of the white blazes onto the spur Grassy Ridge Bald Trail to climb up and over a total of three mountain balds. Soak in the distant mountain views of Grandfather Mountain and Mount Mitchell in all of their autumn majesty before heading back to the car for a 4.7-mile out-and-back hike.Indian Lakes Scenic BywayNorth CarolinaThe Drive: Through sprawling farms and quaint art districts, unspoiled wilderness and mountain lakes, the Indian Lakes Scenic Byway takes visitors on a 60-mile tour of western North Carolina’s natural splendor. This two-for-one route connects both the Cherohala Skyway and the Nantahala Byway. Though it can easily be driven in a day, with multisport adventure pitstops like the Nantahala Outdoor Center, Fontana Lake, and Santeelah Lake, what’s the hurry?The Hike: Hike beneath the ancient boughs of the region’s few remaining old-growth trees at Joyce Kilmer Memorial Forest. If you’re starting from Almond, N.C., this pristine chunk virgin forest is located around mile 41.5 off of the Indian Lakes Scenic Byway near Santeetlah Lake. An easy two-mile hike gets you into the heart of Joyce Kilmer, with the upper Poplar Cove Loop sporting the most impressive trees. Many trees here are over 400 years old and skyrocket more than 100 feet in the air.Mount Mitchell Scenic BywayNorth CarolinaThe Drive: Take exit 9 off of I-26W to begin your journey. Short of a few quiet mountain towns, this route is nothing but you and the open road set against a backdrop of soaring ridgelines and dense canopy. For 52 miles, this western North Carolina drive climbs up to Mount Mitchell, the highest peak east of the Mississippi at 6,683 feet, by way of N.C. 80 and the Blue Ridge Parkway. Start out with a full tank, as the fueling options are few and far between once you start ascending.The Hike: A short hike en route to the summit is Roaring Fork Creek Falls. It’s only a half-mile to the base of this 100-foot cascading beauty, so there’s no excuse to pass it by. The dense canopy above the falls is pure magic when the colors are peak, so don’t get distracted solely by the allure of mountain landscapes. While you can and should drive to the summit of Mount Mitchell, you’ll never truly know how rugged the terrain is without walking it yourself. The 5.5-mile summit trail begins just past the parkway and climbs a grueling 3,500 feet to the top. A shorter option is the Deep Gap Trail, which is only two miles round-trip and begins and ends at the summit of Mount Mitchell.Cherokee Foothills National Scenic BywaySouth CarolinaThe Drive: Once used by the resident Cherokee Indians and early fur traders of centuries past, this 130-mile mostly country roads route is a Sunday driver’s dream. Riding along the base of the Blue Ridge Mountains, Highway 11 takes drivers past some of the Upstate’s gems like Lake Jocassee, Table Rock, Keowee-Toxawa, and Lake Hartwell State Parks. Don’t bypass the Table Rock entrance off of 11 without taking a shot of the granite monolith’s mirror reflection in Carrick Creek. No matter the season, the view here feels like a scene plucked from the Rockies, not the base of the Blue Ridge Mountains.Photo by Tommy White.The Hike: The hike to Table Rock’s summit is a classic and extremely popular on the weekends for the wide-open mountainscape at the top. But what’s even more appealing about this hike is the trail itself. Chugging for 2,000 feet over the course of 3.6 miles, the path initially curls through a hardwood forest littered with boulders, eventually morphing into dense stands of pine and hemlock. Avoid the crowds by coming when the weather looks iffy or early on a weekday. Having that formidable rock face to yourself is a powerful experience.Russell-Brasstown National Scenic HighwayGeorgiaThe Drive: Journey into the heart of the Chattahoochee National Forest, past the Bavarian modeled town of Helen, and up to Georgia’s highest point along this 40.6-mile north Georgia drive. The underrated Southern Appalachians here are magnificent in the height of fall, and driving along the byway you’ll have plenty of views of the mountains and piedmont alike.The Hike: Park at the Tesnatee Gap Trailhead off of the Richard B. Russell Scenic Highway and head south on the Appalachian Trail. Immediately from the parking lot, the trail begins to ascend, switchbacking and becoming increasingly rocky for the next three-quarters of a mile. Though steep, the hike is short, and in just under a mile, you’ll arrive at the summit of Cowrock Mountain. Compared to Amicalola and Blood Mountain to the south, Cowrock as a destination is often overlooked but the views here are quintessential Appalachian. Continue for another half-mile past the official summit for prime sunset seats.last_img read more

Uncharted Waters: Offshore Drilling Along the Eastern Seaboard

first_imgIn January Secretary Ryan Zinke of the United States Department of Interior announced a proposal that would open over 90 percent of Outer Continental Shelf for offshore drilling. The proposal is part of the National Outer Continental Shelf Oil and Gas Leasing Program for 2019-2024.According to a press release issued by the U.S. Department of Interior, the Draft Proposed Program includes “47 potential lease sales in 25 of the 26 planning areas,” nine of which are located in the Atlantic Region. This gives energy companies access to leases off the coast of California as well as over a billion acres along the Eastern Seaboard and the Arctic.Although this proposal is only the beginning of what could be an 18-month process in developing a definitive National OCS Program, citizens and leaders across the Southeast  are outraged.Immediately after the Zinke’s announcement, Governor Rick Scott of Florida expressed opposition to the proposal as tourism was hit hard after the Deepwater Horizon rig explosion in 2010. As a result, Florida was removed from the proposal.On Twitter, Zinke wrote, “I support the governor’s position that Florida is unique and its coasts are heavily reliant on tourism as an economic driver.”On March 5, 227 members of the National Caucus of Environmental Legislators signed a letter in opposition to the proposal that would be sent to Zinke. The signatures represent legislators from 17 coastal states.But politicians are not the only ones that have expressed stiff resistance to the plan. Coastal communities are concerned about their health and their economies. In 2015, a report published by Oceana found that offshore drilling could put nearly 1.4 million jobs at risk.The National OCS Program would also reverse President Barack Obama’s permanent ban on offshore drilling in the Arctic and Eastern Seaboard and upend efforts to protect and preserve our planet’s ocean ecosystems.Despite severe opposition from the governors of California, Delaware, Maryland, New Jersey, North Carolina, South Carolina, Washington, Virginia and Oregon, Florida is still the only state that remains exempt from the plan.last_img read more

Will the monkey ever get off our back?

first_imgI was perusing the credit union web the other day, and I found an interesting article out on NACUSO.org. It was a summary of a survey done by CU Service Network back in 2016. The survey was given to 60 credit union CEOs whose assets ranged from 30 million to 1.6 billion. These CEOs were asked about their credit unions top issues and burdens. I will give you three guesses on what they said was the top issue…go ahead…If you guessed the weather, you were off by just a bit; it was actually compliance. 93% of the CEOs surveyed said they are concerned about meeting all of their compliance requirements. This is just a shot in the dark, but I am guessing this would be a pretty standard response if you asked any other CEO this same question.Trust me guys and gals, I get it. It is my job to dive in and dissect this stuff every day, and I have to admit that there are days it seems like a never ending jungle of information. Unfortunately for those of you that feel like you are lost in the jungle, it doesn’t look like that rescue helo is coming anytime soon. But just because the rescue squad might not be coming, doesn’t mean we can’t Bear Grylls our way out of this forest. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

‘Harvest Share Tables’ offer fresh produce to anyone who needs it

first_imgNorthern Tioga Center for Family Health at 13293 State Route 38 in Richford Tioga County Rural Ministry at 143 North Ave in Owego “I said this is a great solution because gardeners who have too much produce can easily drop it off 24/7 and people who need it can pick it up 24/7,” she says. “You drop it off in the morning and it’ll be gone in the afternoon.” Over the past few years ‘Harvest Share Tables’ have popped up around Tioga County as an opportunity for farmers to share their extra produce with folks who are in need of a good healthy meal. Creator Barb Neal says the project came about one day when she found herself with too many zucchinis to use herself and wanted to come up with a way to get that extra food to someone who needs it. You can find the tables at places such as Tioga County Rural Ministry as well as the Lions Club in Spencer among other locations. She says the only thing they ask is that people avoid leafy vegetables that could easily wilt in the summer heat. You can find the tables at the following locations: OWEGO (WBNG) — Tioga County Master Gardeners has created a way to get farm fresh fruits and veggies or share them with others, without spending a dime. CommonGround Christian Community Center at 28 West Main Street in Owego. The Lions Club Community Garden at 57 E Tioga Street in Spencerlast_img read more

By 2023, Adris will invest 2.2 billion kuna in the tourism part of the group

first_imgMaistra – continued growth of all key business indicators In 2018, the Adris Group generated total revenue in the amount of HRK 5,79 billion, which is an increase of five percent. Operating revenues amounted to HRK 5,65 billion or 13 percent more than in the previous year. Revenues from the sale of goods and services amounted to HRK 5,06 billion, which is 16 percent more than last year. Revenue of HRK 3,55 billion was generated on the domestic market, and HRK 1,51 billion on foreign markets, or 12 percent more than last year. Net profit amounts to HRK 446 million, which is an increase of 19 percent. By 2023, Adris will invest almost three billion kuna in the development of its business. The majority of investments, worth 2.2 billion kuna, relate to further raising the quality of service in the tourism part of the business. In 2018, the process of ownership consolidation in the company HUP-Zagreb was completed. The session of the General Assembly of the Adris Group, held in Rovinj, ended the holding of the annual general meetings of the companies within the Group. HUP-Zagreb is a company that significantly contributes to the strengthening of the tourism part of the Group and which also achieves the growth of all key business indicators. These indicators, in addition to Zagreb hotels, include the operations of Dubrovnik hotels in the branch Dubrovnik Riviera Hotels. In 2018, HUP-Zagreb achieved seven percent more overnight stays, with an increase in the average price of overnight stays of eight percent. Operating revenues increased by 10 percent and amounted to HRK 448 million. Profit before interest, taxes, depreciation and amortization (EBITDA) amounts to HRK 176 million and is 17 percent higher than last year. Earnings before interest and taxes (EBIT) increased by 25 percent and amounted to HRK 135 million.  In accordance with the published agenda, after the General Assembly adopted the financial statements for 2018, it also made a decision on the use of the 2018 profit. In 2018, Maistra achieved four percent more overnight stays, with an increase in the average price of overnight stays of four percent. Operating revenues increased by nine percent and amounted to HRK 1,25 billion. Profit before interest, taxes, depreciation and amortization (EBITDA) from ordinary activities amounts to HRK 449 million and is five percent higher than last year. Profit before interest and taxes (EBIT) from ordinary activities increased by four percent and amounted to HRK 275 million. The realized net operating profit amounts to HRK 201 million.  Ante Vlahović is leaving the head of the Adris group  In accordance with the decision of the General Assembly on the payment of a dividend of HRK 18,2 per share, the amount of HRK 298,5 million will be allocated from the undistributed retained earnings of the Company for the payment of a dividend. The dividend will be paid on July 19, 2019, to the accounts of the shareholders according to the balance and statement of the Central Depository and Clearing Company on June 28, 2019. The calculated amount of dividend on treasury shares is retained in retained earnings.  At the beginning of 2019, Adris completed the process of acquiring a 2018% stake in the company. In June 75, the process of functional merger in the tourism part began in order for Maistra and HUP-Zagreb to function as a single system, which will enable the use of economies of scale and synergy effects. The tourism part of the Group has 84 percent of products in solid facilities and as much as XNUMX percent of hotel accommodation at the level of four and five stars. Maistra is a leading Croatian tourist company according to the quality criteria of the tourist portfolio. A dividend of HRK 18,2 per share will be paid on July 19 By 2023, Adris will invest more than two billion kuna in the tourism part of the Group, which will put 95 percent of hotel capacity at the highest level of supply. In addition to investments in Rovinj, Vrsar, Zagreb and Dubrovnik, investments are also planned in Split, a growing and recognizable Croatian tourist destination. In addition to capital investment, a key lever for growth is investing in visibility and experiences in tourist destinations, which directly and positively affects pricing management policy. In 2018, all Adris companies recorded growth in key quantitative and financial business indicators. All three businesses saw double-digit net profit growth: healthy food 11 percent, tourism 24 percent and insurance 33 percent. Consolidated, growth is 29 percent. If the company HUP-Zagreb is added to that, Adris’s operations recorded a consolidated growth of net profit of 52 percent. With the acquisition of HUP-Zagreb, Adris has further strengthened its tourism business, and has made all the necessary reservations related to Agrokor, reports Adris. Finally, the Assembly gave discharge to the members of the Management Board and the Supervisory Board. The current President of the Management Board, mr. Vlahović, was elected a member of the Supervisory Board with the beginning of his term on January 1, 2020. Vitomir Palinec, Finance Director of the Adris Group, was also elected a member of the Supervisory Board, and his term of office begins with the conclusion of the General Assembly at which he was elected.last_img read more

Rights activist urges Australia to raise Papua rights violations during Jokowi visit

first_imgAmnesty International Australia and Indonesian human rights lawyer Veronica Koman have urged the Australian government to bring up the human rights situation in Papua and West Papua during President Joko “Jokowi” Widodo’s ongoing visit to Canberra.Veronica highlighted the plight of 56 indigenous Papuans and Jakarta-based activist Surya Anta, who are currently facing trial for treason following widespread protests in favor of Papuan self-determination between August and September last year.Read also: After rallying to support Papua, protestors jailed, forced to listen to patriotic songs “These people were arrested when expressing their opinion during mass protests against racism and for an independence referendum in August and September 2019 and during a commemoration of West Papua’s national day on Dec. 1, 2019,” Veronica said in a statement on Sunday. “We demand their immediate and unconditional release.”She also mentioned the ongoing military operation against armed rebels in Nduga regency, which has displaced thousands of people in the region. According to Amnesty International Indonesia executive director Usman Hamid, 263 displaced Nduga residents had died from hunger and illnesses as of the end of last month.Read also: Jokowi urged to withdraw troops from Papua’s Nduga“We are also concerned about the increased troop deployments and activities in Intan Jaya regency since December last year,” Veronica said. “Indonesia must end these operations and immediately withdraw troops from Nduga and Intan Jaya regencies, so the indigenous West Papuans can return to their homes and be free from living in constant fear.”Jokowi arrived in Canberra on Saturday and is set to address the Australian Parliament on Monday.Foreign Minister Retno LP Marsudi said the President would discuss the planned capital relocation, the newly ratified Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) and future Indonesia-Australia cooperation. (kmt)Topics :last_img read more