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

Grand National no-fly zone put in place to prevent drone use

first_img Share ITV Racing to host virtual Grand National March 30, 2020 In a bid to crack down on illegal betting activity, the Merseyside Police and the Civil Aviation Authority (CAA) have put a 2,000ft high, one mile wide no-fly zone which is hoped to prevent the use of drones at this week’s Grand National at Aintree Racecourse.Drones have persistently caused problems for horse racing over the last few years. Footage at The Grand National is delayed by two seconds, but drones have previously been used to give punters an unfair advantage while placing bets before the racing footage is screened to bookmakers. A spokesperson for the CAA commented: “There is an airspace restriction in place around Aintree that only applies to drones.“The restriction will be in place from 7.30am to 6.30pm each day from April 4 to 6 and prohibits the use of an unmanned aircraft/drones below 2,000ft.”Specialist firm Crowded Space are said to be working alongside Aintree Racecourse to monitor and prevent the use of drones by utilising detection technology to monitor when the pilot of a drone has broken any regulations, like flying too low or too close to public exclusion zones.Merseyside Police have since confirmed that any breach of the exclusion zone by those using drones would be `classed a criminal offence’, and appropriate action would be taken.The news follows recent efforts made by racecourse officials, such as The Racecourse Association (RCA), to develop plans which will ban drone usage at UK courses. The RCA admitted at the time that there is ‘limited further action’ on what can be undertaken to combat their use, but pointed out that industry stakeholders should collaborate with the CAA to develop new risk assessments. Submit StumbleUpon Related Articles Share Quentin Martin: Luckbox – Esports can bridge COVID-19 divides  March 19, 2020 Virtual Grand National success sees bookmakers donate over £2.6m to NHS Charities April 6, 2020last_img