CEE roundup: Third provider targets North Macedonia [updated]

first_imgNorth Macedonia’s supplementary pension market is set to add a third provider with Slovenian pension and insurance group Zavarovalnica Triglav filing documents with the country’s regulator.The Slovenian company said in a press release that it had “initiated procedure to establish a pension insurance company in [North] Macedonia”.Triglav said it aimed to manage both mandatory and voluntary pension funds.Approval has yet to be granted by North Macedonia’s Agency for the Supervision of Fully Funded Pension Insurance (MAPAS), but the regulator announced the filing of Triglav’s application on its website. Credit: Jacqueline Schmid The Archaeological Museum in Skopje, MacedoniaWhen the system was set up in 2005, all people employed after 2003 who had reached a certain age had to join one of the two pension funds that had been set up for the new mandatory system.People employed before that date and born before 1967 could opt into the system, and roughly 60,000 workers did.They can now choose to opt out of the second pillar or stay with one of the pension funds by writing to MAPAS by the end of September. If they do not make a selection their membership in the second pillar will be terminated and the accrued assets paid out.Since inception there were only ever two providers in the Macedonian pension fund market – both of which are co-owned by Slovenian providers.The larger provider, KB First, is co-owned by Slovenia’s Skupina Prva and North Macedonia’s largest bank Komercijalna Banka. KB First managed €529m in its pension subsidiary as of the end of January 2019.The second provider, NLB Nov Penziski Fond, has been owned by Slovenia’s Sava Re since last year. NLB managed MKD31bn (€500m) in pension assets both in its mandatory and voluntary fund as of the end of 2017.For last year, both mandatory pension funds achieved around 3.2% in net returns with similar levels reported for the previous 5 years.Triglav – Slovenia’s largest insurer – has offered life insurance services in North Macedonia since 2017, and has insurance and pension subsidiaries in various other central and eastern European countries.In April 2018, it bought a majority stake in the only pension insurance company in Croatia, the €12m Raiffeisen Mirovinsko osiguravajuče društvo, from its owner Raiffeisen Bank Austria.IMF says Croatian pension reform ‘an important step’ “This step confirms the stability and reliability of the pension system and is an opportunity for greater competitiveness and development of the pension system, as well as more possibilities for selection in the interest of the members of the pension funds,” MAPAS said.Triglav’s decision to enter the Macedonian pension market follows the introduction of a new law at the end of last year, which allows some people in the mandatory second pillar to change pension funds.center_img Zagreb, CroatiaThe International Monetary Fund (IMF) has praised recent system reforms in Croatia designed to respond to rising life expectancy.The statutory retirement age for both men and women in Croatia is set to increase to 67 by 2033.In addition, the government has introduced tougher penalties for early retirement, and retirees are now allowed to work half-days without losing their pension benefit.In an assessment paper, the IMF described the reforms as “a significant step in the right direction” towards more sustainability in the pension system.However, public pension spending has been increased in order to compensate retirees whose second pillar pension did not generate expected returns. They now have the option to return to the first pillar once they retire, with a 27% increase to their pension.The country’s pension deficit was 4% of GDP and the IMF did not expect it to go down with these measures alone.“There is still room to eliminate group-specific pension provisions and strengthening the second pillar of the system,” the IMF said.According to the international body, Croatian authorities “agreed that the pension reform could have been more ambitious but highlighted that this was the best of the politically feasible options”.This article was updated on 19 February to amend the name of North Macedonialast_img read more

Libertad houses LSIs in new quarantine facility

first_img“We are preparing to transfer to the St. Peter’s Seminary in Barangay San Pedro before the end of the month,” he added. SAN JOSE, Antique – Locally stranded individuals (LSIs) and overseas Filipino workers (OFWs) who arrived in Libertad are now under quarantine in the municipality’s covered court.Mayor Mary Jean Te said Friday they decided to relocate as early as July 1 although the Department of Education in the province has allowed the use of its schools as quarantine centers until the end of this month.“We have the municipal covered court converted as isolation facility,” she said. According to Te, LSIs and OFWs who are staying in the quarantine center are separated.“The new isolation facility is able to meet the Department of Health’s minimal standard,” she added. As of Friday, Te said that there were five LSIs and three OFWs undergoing quarantine in the isolation center which could accommodate at least 30 people. “The LSIs arrived last July 15 after the travel moratorium was lifted,” she said. The OFWs, meanwhile, retuned separately last July 6, 7, and 15.San Jose Mayor Elmer Untaran, for his part, said they are still using the Antique National School as their isolation facility.center_img According to Untaran, St. Peter’s Seminary has a 60-bed capacity.As of July 17, 37 LSIs and OFWs were undergoing quarantine at the ANS. (With a report from PNA/PN) “We have the municipal covered court converted as isolation facility,” says Mayor Mary Jean Te of Libertad, Antique. RARElast_img read more

Holy Cross looks to end streak vs Lehigh

first_imgLEADING THE WAY: Lehigh’s Jordan Cohen has averaged 14.7 points and 4.3 assists while Jeameril Wilson has put up 9.1 points and 4.9 rebounds. For the Crusaders, Joe Pridgen has averaged 16.4 points and 6.9 rebounds while Austin Butler has put up 11.8 points and 6.4 rebounds.DIALING IT UP A NOTCH: The Mountain Hawks have scored 68.6 points per game against Patriot League opponents thus far, an improvement from the 62.4 per game they managed in non-conference play.JUMPING FOR JORDAN: Cohen has connected on 38 percent of the 79 3-pointers he’s attempted and has made 5 of 12 over the last three games. He’s also converted 85.4 percent of his free throws this season.SLIPPING AT 74: Lehigh is 0-13 this year when it allows 74 points or more and 6-5 when holding opponents to fewer than 74.COMING UP SHORT: Holy Cross has dropped its last 12 road games, scoring 67.1 points and allowing 80.6 points during those contests. Lehigh has lost its last four home games, scoring an average of 67.3 points while giving up 80.8.DID YOU KNOW: Holy Cross has scored 64.4 points and allowed 76.8 points over its last five games. Lehigh has averaged 60.8 points and given up 74.2 over its last five. Holy Cross looks to end streak vs Lehigh Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditHoly Cross (3-22, 2-10) vs. Lehigh (6-18, 3-9)Stabler Arena, Bethlehem, Pennsylvania; Wednesday, 7 p.m. ESTBOTTOM LINE: Lehigh looks to extend Holy Cross’s conference losing streak to six games. Holy Cross’ last Patriot League win came against the Lehigh Mountain Hawks 96-95 on Jan. 22. Lehigh is coming off a 62-59 win over Lafayette in its most recent game.center_img February 11, 2020 ___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comlast_img read more

Durant helps Warriors dispatch Rockets 14-100 in Game 1

first_img(REUTERS)-Kevin Durant scored nine of his team-high 35 points in the final 5:35 and Stephen Curry buried a back-breaking 3-pointer with 25.9 seconds remaining Sunday afternoon as the Golden State Warriors outlasted the Houston Rockets 104-100 in Game 1 of the Western Conference semifinals in Oakland, Calif.The second game in the best-of-seven between the top-seeded Warriors and fourth-seeded Rockets is slated for Tuesday night in Oakland.In a tight game that featured poor 3-point shooting and turnovers, the Warriors found themselves in an 89-89 tie with six minutes remaining before Durant took charge.His two free throws with 5:35 left gave Golden State the lead for good, and his three subsequent free throws and two field goals seemingly put the Warriors in command at 100-95 with just 1:26 to go.But a three-point play by James Harden got Houston back within two, before Curry countered with his 3-pointer that proved to be decisive.A dunk by Harden with 21.3 seconds to go kept the Rockets alive, and when Chris Paul stole the ball from Durant, Houston had a chance at a tie.But Paul was pressured into an awkward pass and Eric Gordon stepped out of bounds while retrieving it, allowing the Warriors to hold on.Paul thought he was fouled on the play and argued the non-call, for which he received a second technical foul and was ejected from the game with 4.4 seconds left.Curry made the foul shot to complete the scoring.Durant shot 12-for-15 from the line during his 35-point outing for Golden State, which won despite committing 20 turnovers.Curry (18 points), Andre Iguodala (14), Draymond Green (14) and Klay Thompson (13) also scored in double figures for the Warriors, who are attempting to win a third consecutive NBA title.Green also contributed nine rebounds and nine assists to the win.Harden matched Durant’s 35-point total, but shot just 4 of 16 on 3-pointers and was 9 of 28 overall. He made 13 of his 14 free throws.Eric Gordon had 27 points and Paul 17 for the Rockets, who are playing the Warriors in the playoffs for the fourth time in the last five seasons.The Rockets shot just 29.8 percent on 3-pointers, making 14 of 47.The Warriors led 85-76 in the first minute of the fourth quarter after a pair of Shaun Livingston free throws, before the Rockets took advantage of Curry’s foul trouble to draw even at 89.Two free throws by Nene at the 6:00 mark finally got Houston even, setting the stage for the late heroics by Durant and Curry.The Rockets took advantage of 13 Warriors turnovers to forge a 53-53 halftime tie.Houston shot just 9 of 28 on 3-pointers in the half, but managed to stay even by shooting 12 of 13 on free throws, as compared to Golden State’s 2 of 4, and getting off one more field-goal attempt despite the large foul-shot discrepancy.last_img read more

Senioritis: Badgers win final home game

first_imgJEFF SCHORFHEIDE/Herald photoMichigan thought it could trample on Wisconsin inpreparation for next weekend’s marquee matchup against Ohio State.Instead, it was the Wisconsin running game and seniorquarterback Tyler Donovan’s ability to walk the fine line between organizedchaos and disaster that ran over Michigan 37-21 Saturday on Senior Day. The win extends the Badgers’ home winning steak to 14 gamesand ends the Wolverines’ eight-game run.”I think it’s a great win for us personally,” tight endTravis Beckum said. “It really means something to us.”Freshman Zach Brown took the bulk of the carries afterbackup Lance Smith went down with a shoulder injury at halftime and starterP.J. Hill was limited to five carries — all in the third quarter — due to alingering leg injury. Inspired by the presence of legendary back Ron Dayne,whose No. 33 was retired at halftime, Brown eclipsed 100 yards rushing for thefirst time in his young career and scored two touchdowns late in the fourthquarter to put the game out of reach.”Today, winding down to the last minute, you have to step itup a notch, and I was glad to be able to do that to get a victory,” Brown said.Donovan escaped, eluded and shredded the Michigan (8-3, 6-1Big Ten) defense all day with a season-high 49 yards on the ground and 245yards through the air.”Tyler Donovan, he’s phenomenal,” said Wisconsin seniorreceiver Paul Hubbard, who finished with 134 of those yards on seven catches.”He got out of the pocket, scrambled, made guys miss, took the hits and gotback up and did it again.”I don’t know how many times we got big plays down the fieldbecause he was scrambling. … Just for him to have the eye to find the openreceivers while he was on the run from big linemen who are about to clobber himas they’d done all day just shows a lot.”Wisconsin (8-3, 4-3) wanted to start strong to take awaysome of Michigan’s options with the football in hand. The game couldn’t havebeen better scripted, as the Badgers built a 17-0 lead before Michigan couldmuster anything offensively.”I think we came out from the get-go and definitely endedwith a bang,” Beckum said.Following the first of two interceptions by safety ShaneCarter on a poorly thrown ball from the arm of Michigan quarterback Chad Henne,Wisconsin marched down the field thanks to a pair of personal foul penalties byAll-Big Ten nominee Shawn Crable and scored on a 10-yard touchdown pass fromDonovan to Beckum.Beckum was the receiver of choice again on UW’s next possession,hauling in a 34-yard pass to set up a Taylor Mehlhaff field goal that made it10-0 Wisconsin.The Badgers extended the lead to 17 when Donovan dove insidethe right pylon for a two-yard touchdown.Already without injured running back Mike Hart — he was ableto go, but Michigan head coach Lloyd Carr opted to lean on the side of cautious— Henne left the game for good after his pick. Freshman Ryan Mallett took hisplace.A combination of an ineffective running game, which finishedwith a season-low 47 yards, and the fact Michigan was playing from behind, putmore pressure on a highly erratic Mallett.”I really thought our defensive line and linebackers reallytook the running game away in certain points, and it had a huge effect on thegame,” UW head coach Bret Bielema said.The freshman finished 11-of-36 for 245 yards, with threetouchdowns and two costly interceptions. “It was really a gift,” cornerback Jack Ikegwuonu said ofhis first interception of the season that set up Brown’s six-yard touchdown runto make it 30-21 late.Not until midway through the second quarter did Michiganeven put together a string of first downs. Mallett connected with MarioManningham for a 12-yard touchdown to cap the 80-yard drive.Michigan wasn’t done. A 97-yard touchdown pass to Manninghamto start the fourth made it 23-14. Two series later, the Wolverines cut thelead to 23-21 when Mallett found a streaking Adrian Arrington, who had beatencornerback Aaron Henry, for a 26-yard touchdown.Despite the big game — two touchdowns and 113 receivingyards — for Manningham, UW cornerback Jack Ikegwuonu held him in check.Of 14 passes intended for the star wideout, only threeresulted in completions.”Jack went out there and competed, and really the last threeor four weeks has shown the Jack of late that can go out there and [produce],”Bielema said.From there, the Badgers’ defense tightened up and wrapped upMallett, sacking him and forcing him into poor decisions. Its play ultimatelysaved Wisconsin from disaster after Donovan was forced to leave the game withan apparent wrist injury after his hand collided with Obi Ezeh’s helmet on apass attempt.”Weknew it was going to be a four-quarter game, we knew it wasn’t going to beeasy, tried to keep a good head about ourselves even though we had a bit of alead there in the beginning,” defensive tackle Mike Newkirk said. “It did getcloser there at the end, but we were able to put the nose back to thegrindstone and get it back.”last_img read more

Badgers celebrate anniversary, down Wildcats

first_imgJEFF SCHORFHEIDE/Herald photoAs the University of Wisconsin continued its celebration ofthe Kohl Center?s 10th anniversary, this time with halftime remarks fromAthletic Director Barry Alvarez (among others) focused heavily on the winningways the stadium has brought to programs housed within it, the men?s basketballteam fittingly notched their ninth-straight victory Saturday night with a 62-50win over Northwestern.After scoring a mere 22 points in the first half, andholding just a two-point lead at the midway point, No. 17 Wisconsin (15-2, 5-0)finally got it together in the second half, opening with an 13-2 run thathelped the team remain perfect in Big Ten play with the win over Northwestern(6-9, 0-5).?Coming out in the second half [Wisconsin] just reallydefended,? Northwestern coach Bill Carmody said. ?It quickly went from a closegame at half to a 10-point game.?They do what they had to do on a night when maybe it wasn?ttheir best night.?Wisconsin improved their shooting percentage from 41.2percent in the first half to an impressive 55.6 percent in the second half andshowed late in the game why they were atop the conference standings whileNorthwestern remains stuck at the bottom.?Sometimes you just have to get smacked, figuratively, tounderstand what we need to do with the ball,? Ryan said, ?but it?s a 40-minutegame, and we got it corrected in the second half.?UW?s win was largely sparked by the defensive effort turnedin by Joe Krabbenhoft who drew the assignment of covering NU?s leading scorerKevin Coble and shut the sophomore down for most of the night.Though Ryan offered credit to Krabbenhoft for his defensivestand, he also cited the other four players? roles. ?You don?t shuta Coble down [with] just one guy, but one guy is the start of it, and thenyou?ve got to make sure your support is there. Our support was good, and[Krabbenhoft?s] positioning was very good.?Though Coble entered the game averaging 18.4 points percontest, Krabbenhoft?s defense limited the forward to a season-low eight pointson 3-8 shooting from the field.?Tonight was a very tough matchupfor me,? Krabbenhoft said. ?Kevin Coble is a very tough player; ? collectivelyI thought we all did a good job on him. I thought our whole team just did agreat job.?Marcus Landry led the Badgers on the offensive end, and witha 21-point effort became the fifth different Badger in each of the team?s firstfive conference games to notch a 20-plus point effort.On a night that featured a highlight video commemoratingmemorable moments in the Kohl Centers history, Landry?s performance added a newaccomplishment to the list.?I don?t think it?s ever happened in the history of thegame,? Ryan said. ?Would anybody in their wildest dream ever imagine that thatwould happen??Freshman Jon Leuer?s 25-point effort against Michiganstarted the streak, and Brian Butch, Trevon Hughes and Michael Flowers were theother Badgers contributing to the achievement.?I believe someone else will have 20 points the next game,?Landry said. ?The scoring is so well-balanced that on any given night a guy canscore double-digits. ? Tonight just happened to be my night.??I?m very proud because it just shows how unselfish we areas a team, and it shows that we can get the job done.?Also helping the Badgers in the win was the team?s abilityto get to the free-throw line. Wisconsin shot 24-37 from the stripe whileNorthwestern?s mark was just 10-14. Six of UW?s free throws came from Trevon Hughes, and they werethe sophomore?s only points. The guard shot 0-6 from the field and did not makea field goal for the first time all season.Leuer was the only other Badger playing who did not sink abucket, but the freshman only logged four minutes in the game.?I didn?t play Jon Leuer as a freshman very much today,?Ryan said, but he added the move would not be a season-long one.?Jon?s still going to play a lot this year,? Ryan said.?Against NU?s tricky 1-3-1 zone defense and Princeton-styleoffense, UW was forced to favor experience over depth, ultimately going withjust a six-man rotation for most of the game that left the young Leuer on thebench.?We had the guys on the floor that could handle thisoffense,? Ryan said. ?Those are the guys that have handled it well and haveexperience against it.?Wisconsin?s next game will come Tuesday when they hostMichigan at the Kohl Center.last_img read more

Janitors to vote on new contract Saturday

first_imgAfter two days of negotiations, the Service Employees International Union, the labor union representing USC custodial staff, has reached an agreement about the workers’ labor contract with their employer, Aramark. USC service workers will be voting on whether or not to accept the terms of the new labor contract on Saturday at the SEIU headquarters.The negotiations, which concluded Wednesday night after months of back-and-forth dialogue, had focused strictly on economic issues, such as workers’ wages and health care benefits, for the past several days. Janitors, represented by their union, are asking for wages at least $1.50 above the minimum wage, according to SEIU spokesman Edmundo Garcia. The terms of the new contract have not been released to the public.Representatives from USC, which subcontracts its custodial staff through Aramark, were not present at the negotiations. Rallies on campus in August and earlier this week have urged the University to intervene by pressuring Aramark to meet the janitors’ demands, despite not being their direct employer.The vote, which was originally set for Friday, was postponed in order to allow the maximum number of workers to attend, according to Garcia.If workers decide to reject the terms of the contract, they will also take a vote to decide whether or not to go on strike. Garcia, however, told the Daily Trojan that he is hopeful for a positive and cooperative outcome.Janitors have been negotiating with Aramark since their contract expired in June. According to Garcia, working without a contract is dangerous, because the workers lack a written guarantee of their wages and working conditions.“Workers that have a contract are going to have fewer issues at the work site, because the parameters are set,” Garcia said. “There’s not an arbitrary, subjective decision-making by a supervisor. Everybody knows what they’re going to be getting – I think that’s fair.”last_img read more

Board of Trustees elects Lionsgate’s Corii Berg

first_imgThe Board of Trustees has elected Lionsgate Executive Vice President and General Counsel Corii Berg as its newest member, according to USC News. Berg previously held the position of USC Alumni Association Board of Governors president. In addition to promoting inclusion on campus, Berg said he wants to prioritize USC community members’ health and safety amid the pandemic. On Tuesday, the University announced a plan to reopen campus in the fall with the majority of classes available both in person and online. Berg has served on the USC Annenberg Alumni Advisory Board and currently works on the school’s Board of Councilors. “Corii Berg is a passionate and inclusive leader whose strategic communication and management skills make him a valuable addition to our board,” President Carol Folt said. “We are excited to welcome him to this important new role.” Berg is a 1989 graduate with degrees in journalism from the Annenberg School for Communication and Journalism and political science from the Dornsife College of Letters, Arts and Sciences.  “When I came to USC, my world was very small,” said Berg, who went on to earn a law degree at Loyola Law School in 1992. “I took my first international trip as part of a study abroad program. USC literally opened my eyes to the world.” Berg’s wife Cari is also an Annenberg graduate, and the couple’s son, Eben, earned his undergraduate degree at USC this year.center_img “It’s really important to be open and inclusive and ensure we make all opportunities available to our very qualified students to contribute their experiences and knowledge to all our programs,” Berg told USC News. “I feel like I grew up at USC,” Corii Berg said. “It’s been my and my family’s home for so long. To have this opportunity to be even more engaged and positively impact the University is exciting and also really humbling.” Berg has spent more than the last two decades in stints with Lionsgate and Sony Pictures, heading business affairs at each corporation. He assumed a prominent legal role with Lionsgate and, before working at Sony, gained experience in legal work with law firm Skadden, Arps, Slate, Meagher & Flom. “Everyone feels a little disconnected from everything right now,” he said. “One of our strongest attributes at USC is the constant connectivity with our alumni. It’s incumbent on all of us to continue to engage those alumni, including young alumni, to make sure we can harness everything that is great about the Trojan Family.” During his tenure, Berg, who was a first-generation college student at USC, hopes to emphasize diversity and accessibility at the University, he told USC News. last_img read more

Leinster name side for key Champions Cup tie

first_imgJohnny Sexton starts for the second week in a row and is partnered by Luke McGrath.Isa Nacewa starts at full back and Rob Kearney is on the bench. Leo Cullen’s side are five points clear at the top of their pool with two matches remaining.last_img

Colossus Bets delivers Jackpot dynamics to RaceBets daily coupons

first_img Submit Betsson AB European racing property RaceBets has moved to strengthen its customer engagement dynamics, integrating Colossus Bets jackpots market capabilities.Moving forward, RaceBets customers will be able to wager on new Colossus multi-leg pools markets, boosting their RaceBets daily raceday coupons.Acquired in 2016 by Stockholm listed Betsson AB for €34 million, RaceBets offers European racing’s most comprehensive wagering portfolio featuring horseracing markets from the UK, Ireland, Australia, France, South Africa, United Arab Emirates, Japan, USA, Germany and Sweden.RaceBets’ Managing Director Alex Haig, said, “We are pleased to announce our partnership with Colossus, which aligns with our mission to offer the best and most comprehensive online horse betting experience. Colossus racing pools, with their substantial prize guarantees and competitive take-out rates, offer stand-out value to bettors and we therefore expect the product to appeal to our core demographic and beyond.”The partnership sees Colossus Bets announces its second major commercial partnership of 2019, with the ‘next generation’ pools provider detailing that it has secured totalizator licence with the Oregon Racing Commission significantly expanding its US profile.Colossus Bets’ COO, David O’Reilly, commented, “This is an exciting development for the Colossus network given RaceBets’ pedigree as a specialist racing operator. Since the launch of our British and Irish racing jackpots last July, we have consistently beaten our competition in terms of dividends and user experience, so widening our distribution is the inevitable next step in the journey.” StumbleUpon Share Share Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 Related Articles Andy McCue returns to betting with Betsson AB June 22, 2020 GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020last_img read more