Helios Faros comes out of bankruptcy: Valamar and PBZ Croatia osiguranje are investing HRK 650 million in reconstruction

first_imgHelios Faros dd has been the holder of the Starigrad tourist offer for several decades, and has been in bankruptcy since February 2016. It has the capacity of category 2 * -3 *, which includes 1,465 beds in the tourist facilities of the hotel Arkada 2 * and Lavender 3 *, apartments 2 * and camp Jurjevac. Helios Faros came out of bankruptcy, the Zagreb Stock Exchange, and the conclusion of the bankruptcy Valamar Riviera acquires full membership rights as a holder of 2.280.000 shares over the company HELIOS FAROS from Hvar. Through the partnership of PBZ CO and Valamar, which will manage the hotel and tourist facilities and facilities of HELIOSFAROS, a new phase of tourism development will begin in the Old Town on the island of Hvar. As previously announced, PBZ Croatia osiguranje dd and Valamar Riviera dd have proposed a five-year investment plan in tourist property in the amount of HRK 650 million. Through the complete renovation and construction of two high-category resorts with a capacity of about 700 accommodation units, the portfolio of Helios Farosa dd will be repositioned according to the premium offer, which will give the destination Stari Grad its attractiveness and recognizability. According to this plan, Helios Faros would employ about 500 staff after the renovation of the Arkada and Lavender hotelscenter_img Following the subscription of the share capital increase, Valamar now owns 23,61% of Helios Faros shares, and PBZ Croatia osiguranje 70,83%, while the share capital of Helios Faros has increased from today’s HRK 5,36 million to HRK 96,56 million.  All bankruptcy creditors have been settled in the procedure, so the preconditions for concluding bankruptcy proceedings against HELIOS FAROS have been met, reads the decision of the Commercial Court in Split.last_img read more

PDEA, PNP welcomes Robredo to anti-drug body

first_imgvowed full support for Vice PresidentLeni Robredo as she accepted her designation as co-chairperson of theInter-Agency Committee on Anti-Illegal Drugs. Presidential spokesperson Salvador Panelo said in a television interview that Robredo’s acceptance is a good step forward to those who want to help the administration in its war on drugs. PNP spokesperson Bernard Banac The Malacañang also welcomed Robredo’s decision to accept to lead the country’s fight against illegal drugs. PDEA Director General Aaron Aquino,who currently heads the committee, said he believed that Robredo can “wellcontribute” to the campaign particularly in the rehabilitation of drug userswho were arrested or surrendered. “I think the next step is for her to go to the Palace and talk to the President so she would know exactly the parameters of her power as the drug czar,” Panelo said. “This is her moment and I said destiny awaits her and history beckons her.”/PN “There may be different opinions, but with the Office of the Vice President coming in as part of the body, we will have a common stance,” he added. “We will have a whole government approach.” “We are willing to cooperate with the Vice President,” said PNP spokesperson Bernard Banac. “As a collegial body, we expect to have a smooth cooperation between and among agencies.” “It’s always a good step forward for any public official who wants to help this country,” Panelo said in an interview with CNN Philippines. “The fact that she was appointed by the President, it means we are ready for her.” MANILA – The Philippine DrugEnforcement Agency (PDEA) and Philippine National Police (PNP) “She is a good leader on this matter particularly in rehabilitation matter. Rehabilitation is not properly managed. We have a lot of Bahay Pagasa that are not being used I just hope there would be better approach,” he said.last_img read more