Bosnia Real Estate – FK Leotar http://fkleotar.com/ Wed, 29 Jun 2022 05:29:50 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://fkleotar.com/wp-content/uploads/2021/05/fk-leotar-icon-150x150.png Bosnia Real Estate – FK Leotar http://fkleotar.com/ 32 32 Corruption reigns supreme among EU candidates from the Western Balkans – EURACTIV.com https://fkleotar.com/2022/06/29/corruption-reigns-supreme-among-eu-candidates-from-the-western-balkans-euractiv-com/ Wed, 29 Jun 2022 05:29:50 +0000 https://fkleotar.com/2022/06/29/corruption-reigns-supreme-among-eu-candidates-from-the-western-balkans-euractiv-com/

The Capitals brings you the latest news from across Europe, thanks to on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here.

Before you start reading today’s edition of Capitals, be sure to take a look at Turkey’s Resistance to Sweden’s and Finland’s NATO Membership by Alexandra Brzozowski.


European news you deserve to read. welcome to Capitals by EURACTIV.

Today’s edition is powered by WeMove Europe

Gas is a fossil fuel. Nuclear waste will become a problem for our grandchildren. Why pump billions into the already dying fossil gas and nuclear industries? 92,000 Europeans with WeMove Europe ask the EP to reject the taxonomy.


In today’s news from the capitals:

EU waiting room countries such as Albania, North Macedonia, Montenegro and Serbia have mostly made no real progress in reducing corruption and improving democracy over the past four years, fundamental prerequisites for EU membership.

The plight of the Western Balkan countries was in the spotlight at the recent EU-Western Balkans summit in Brussels. Angry regional leaders took to the stage to point fingers at the EU, its lack of unity, its broken promises, and even accused the EU of not having its own house in order.

While some of their frustrations were justified, EURACTIV wanted to take a closer look at how far they have come in recent years in terms of internal management.

The results are far from impressive. Read more.

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EU SPECIAL REPORT

The Ukrainian “paradox” of Warsaw: the Polish capital’s long road to recovery. Inflation and war in neighboring Ukraine have hampered efforts to rebuild the Polish capital after the pandemic while tackling long-standing challenges in the city center – depopulation and soaring property prices .

Yet industry representatives point out that “paradoxically” the Ukrainian refugee crisis has presented new opportunities for Warsaw’s struggling hospitality industry. Read more.

EU INSTITUTIONS

EU body brings overseas regions closer to Brussels. The Committee of the Regions, an advisory body representing local and regional authorities, will place a citizen from the remote outermost regions of the bloc at the head of an EU institution – a historic first. Read the full story here.

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BERLIN

The German Scholz rallies the G7 countries behind the idea of ​​a “climate club”. G7 countries have backed German Chancellor Olaf Sholz’s idea of ​​creating a climate club of ambitious countries to accelerate their efforts, which is seen as complementary to the EU border carbon tax. Lily the full story here.

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PARIS

The Court condemns the French State for its mismanagement of COVID. The Paris administrative court condemned the government on Tuesday for not having sufficient stocks of masks and for the contradictory statements it made about the virus at the start of the pandemic. Read more.

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VIENNA

Austria will facilitate access to the labor market for third-country nationals. Faced with a serious shortage of skilled workers, Austria will facilitate access to the labor market for third-country nationals by revamping the so-called “red-white-red card” residence system. Read more.

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THE HAGUE

The Dutch coast is experiencing a rapid rise in sea level. Sea levels along the Dutch coast are rising rapidly, scientists from the Delft University of Technology have found. Read more.


UNITED KINGDOM AND IRELAND

LONDON

The UK will not join Macron’s “political community”. Foreign Secretary Liz Truss on Tuesday ruled out the prospect of the UK becoming part of a “European political community” proposed by French President Emmanuel Macron after it was suggested Prime Minister Boris Johnson was interested in to join. Read more.


NORDIC AND BALTIC

HELSINKI

Finland to expand abortion rights following Roe vs. Wade. An initiative to ease abortion requirements in Finland is gaining momentum as the Nordic country gains cross-party support to change its abortion law since the early 1970s. Read more.


SOUTHERN EUROPE

ROME

The Commission supports the Italian LGBTQI law proposal rejected by Parliament. The European Commission has given its backing to Alessandro Zan’s anti-homophobia bill which was rejected by the Italian parliament in October, EU Equality Commissioner Helena Dalli announced on Twitter after meeting lawmakers in Brussels on Tuesday. Read more.

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LISBON

The Portuguese Prime Minister calls on the United Nations conference on the oceans to produce “drastic actions”. The United Nations Ocean Conference, due to be held until Friday in Lisbon, is expected to define “drastic actions” to deal with the ocean emergency, Prime Minister António Costa tweeted on Tuesday after meeting the Secretary-General of the UN António Guterres in Lisbon. Read more.


VISEGRAD

PRAGUE

Central and Eastern European energy hub to coordinate EU gas supply. The new Prague-based Central East Regional Task Force, established within the EU’s Voluntary Energy Platform set up to secure energy supply and phase out dependence on Russia, identify bottlenecks in gas supply in the region and propose urgent solutions. Read more.

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BRATISLAVA

Slovaks are worried about climate change but don’t want a drastic change in lifestyle. Most Slovaks view climate change as a serious threat but reject solutions that would drastically affect their lives, according to a new survey. Read more.


BALKAN NEWS

ZAGREB

Croatian commissioner admits inflation ‘probably’ means fewer COVID stimulus projects. While the size of the EU’s COVID stimulus support is likely to remain the same despite inflation, rising prices are expected to lead to fewer projects than initially expected, Croatian Commissioner Dubravka Šuica said. Read more.

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SOFIA

Bulgaria raises pensions amid political crisis. Parliament has passed a proposal by the ousted government of Prime Minister Kiril Petkov to raise pensions by 10% as Bulgaria heads for its fourth snap election in less than two years. Read more.

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BELGRADE

EU official urges Serbia to join bloc position vis-à-vis Russia. The European Union wants the Western Balkan countries to join its unified position on Russian aggression, including on sanctions, Emanuele Giauffret, head of the EU delegation to Serbia, said on Tuesday, adding that the war in Ukraine had made the enlargement process even more difficult. important geostrategic priority. Read more.

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SARAJEVO

The Council of Europe calls on Bosnia to strengthen access to justice for victims of trafficking. Bosnia and Herzegovina should improve the implementation of the anti-trafficking framework, particularly with regard to victims’ access to justice and effective remedies, the Council of Experts Group has said. Action against Human Beings (GRETA) in its third evaluation report published on Tuesday, where it also welcomed the legislative and policy developments that the country has taken in this area so far. Read more.

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PRISTINE

The visit of the EU representative to Pristina hits the mark. Nothing new came out of the meeting between EU Special Representative Miroslav Lajcak and Prime Minister Albin Kurti, during which the two discussed EU-facilitated dialogue and a recent energy deal between Serbia and Kosovo. Read more.

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TIRANA

Albania ranks seventh in the world for cultivation and distribution of cannabis. Albania is the seventh largest cannabis grower in the world, according to the United Nations Office on Drugs and Crime’s World Drug Report 2022. Read more.


Agenda:

  • EU: Meeting of the College of the European Commission.
  • European Commission President Ursula von der Leyen will attend the NATO summit.
  • Vice-President Dubravka Šuica receives Ukrainian Minister for Social Policy Maryna Volodymyrivna Lazebna.
  • France: Verdict of the trial of the November 2015 attacks in Paris.
  • Court of Appeal to rule on the extradition of former Italian far-left activists wanted by Italy.
  • Publication of the annual report of the High Council for Climate (HCC).
  • Portugal: March for the climate during the United Nations conference on the oceans.
  • Spain: NATO Summit.
  • Anti-NATO demonstration.
  • Serbia: Miroslav Lajčak, EU Special Envoy for Belgrade-Pristina Dialogue and other regional issues in the Western Balkans, will pay a three-day visit to Belgrade.
  • Montenegro: Prime Minister Dritan Abazović visits Serbia.

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[Edited by Sarantis Michalopoulos, Vlad Makszimov, Daniel Eck, Benjamin Fox, Zoran Radosavljevic, Alice Taylor, Sofia Stuart Leeson, Eleonora Vasques]

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Necklaces: The increase in the prices of building materials and utilities, as well as measures to align with ESG requirements https://fkleotar.com/2022/06/28/necklaces-the-increase-in-the-prices-of-building-materials-and-utilities-as-well-as-measures-to-align-with-esg-requirements/ Tue, 28 Jun 2022 11:34:37 +0000 https://fkleotar.com/2022/06/28/necklaces-the-increase-in-the-prices-of-building-materials-and-utilities-as-well-as-measures-to-align-with-esg-requirements/

In a volatile environment generated by rising prices for building materials and utilities, rising inflation, as well as the border dispute and the effects of the pandemic, the local real estate market could still see an increase in value. listing of commercial real estate such as shopping malls, office buildings and logistics centers in the short to medium term, according to consultants at Colliers.

Investor interest in retail products has grown steadily over the past year, focusing on various product categories, such as business parks or shopping malls, shopping malls in secondary cities tertiary to be repositioned, or boxes rented to supermarkets or DIY. Malls are not available in the market for trading, so investors have turned to similar alternative products. However, Colliers’ consultants estimate high interest in any such property that may be available on the market.

The elimination of rent discounts following COVID restrictions has an impact of up to 0.5% on the evolution of shopping center market values, Colliers consultants show, with the positive trend also supported by revenue-based rentals. Although INSSE data shows an 8% increase in retail sales in the first quarter of this year compared to the same period last year, the increase in percentage rent income in large shopping centers has been higher, showing a return even higher than the figures for 2019. Thus, in the short term, we can speak of an increase in the value of commercial properties, but it remains to be analyzed how consumption will influence the end of the year, when the effects of the economic squeeze will be felt more strongly.

“Other important factors that can change the value of shopping center properties relate to changes in lending, interest rates, inflation and utility costs. Consumer credit rose in the first quarter of this year by around 12% compared to the same period last year, which would be almost in line with inflation. The 3-month ROBOR has also increased this year from 3.19% to 5.5% and bank rates are expected to rise further in the near future, which could put additional pressure on lending and consumption. But most likely the increase will be gradual, with effects visible late this year or early next year,” says Raluca Buciuc, Director and Partner of Assessment and Advisory Services at Colliers.

In Romania, excluding volatile and controlled prices, such as food and energy, the core inflation rate is 6-7%, and this high value suggests long-term effects, Colliers consultants point out, adding that the inflation rate will hardly return to the level of the pre-pandemic period, which will again affect consumption.

“The sustainability of the transfer of inflation in the indexation of rents remains under discussion, especially since the cost of utilities has also increased significantly. It remains difficult to estimate how much they will impact the level of sales of a shopping center, but these two elements also influence the cost of money over time, the country risk, which can have a negative impact up to at 2-3% in the value of the property”, adds Gabriela Bosînceanu – Otea, Associate Director Valuation and Advisory Services at Colliers.

In addition, in the next 2-3 years, commercial, office and industrial property owners will also have additional expenditure to align with the requirements of ESG in Europe, which ensures that environmental, social and of governance are respected.

Modern office buildings will be more competitive, with better occupancy rates and stable rents

Rising construction costs will also influence how quickly new office projects get to market, with many developers preferring to delay construction to see how much of the extra cost can be absorbed by higher rents, Colliers consultants note. Thus, the market value of buildings will begin to differentiate even more, fluctuating within fairly generous margins. Specifically, while in the Floreasca-Barbu Vacarescu area values ​​can exceed 3,000 euros per leasable square meter for buildings less than 5 years old, in the emerging Center-West area values ​​average 2,500 euros per square meter lettable.

“The level of annual deliveries, against the backdrop of rising construction costs and general uncertainty, is expected to halve over the next 2-3 years, starting this year when around 130,000 square meters of offices could be delivered.Thus, the vacancy rate will be absorbed differently depending on the type of building, which will create a growing gap between recent buildings, located in good areas with superior technical specifications and constant investments in the improving the performance of buildings, and older ones, located in outlying areas, in which insufficient investment has been made to directly compete with the first category.If the slowdown in deliveries can be perceived as market stagnation, the moment is conducive to delivering new buildings or repositioning existing ones, particularly in the context of redefining office layouts”, d says Anca Baldea, Director in Colliers’ Valuation & Advisory Services Department.

An additional new differentiator in the office market is related to the adaptability of buildings to ESG. In the case of older buildings, Colliers consultants point out, the investment required to meet specific standards could be far too high compared to the market value of the building, based on current leases, and difficult to cover any future rent increases. As a result, prime buildings will have better occupancy rates and a higher and more stable level of rent. Colliers consultants are already noticing that in some areas there is a shift from a renter’s market to a landlord’s market, with gross rents increasing in some cases by 5-7%, despite the fact that there has been an overall decline 10% of actual rents on the Bucharest market.

The logistics and industrial market could lose its competitiveness against regional markets due to high costs of materials and utilities

Romania’s stock of modern industrial and logistics space, which could soon exceed 6 million square meters, has more than doubled over the past 5 years, but on a per capita basis, there is still a significant gap between Romania and other markets in ‘Central Europe. As a result, there is potential for further development of these properties, Colliers consultants point out.

The rapid growth observed in construction prices and utility costs puts pressure on rent levels for newly built facilities and may lead to reduced competitiveness with neighboring countries that will offer higher subsidies or not participate. to the same extent to the application of economic sanctions to Russia, such as Serbia and Hungary.

“However, the outlook for the Romanian industrial and logistics market is very optimistic about the opportunity for Romania to become a regional center for the Balkans (Serbia, Bulgaria, Bosnia and Herzegovina, Macedonia, Montenegro, Albania and even Greece) and e-commerce remains an important driver of future demand for industrial and logistics space, as it requires greater storage volume.An opportunity for growth is also the relocation of production facilities from China, due from rising labor and transportation costs, and more recently from Russia and Ukraine due to war,” adds Mihai Pană, Director of Valuation and Advisory Services at Colliers.

In the short term, the consultants at Colliers believe that the shifts in values ​​driven by both opportunities and challenges appear to be balanced, but in the medium to long term, it remains to be seen how these challenges will materialize in the economy. In addition, commercial building owners increasingly need to align with European ESG requirements. For starters, this alignment will involve additional investment with the goal of reducing carbon footprint and sustainable energy use, which could be recouped within 3-4 years by lowering utility costs and selling electricity. additional energy obtained.

Colliers consultants point out that it is difficult to estimate the impact on the value of real estate, but that over time, non-alignment with new European ESG requirements could influence the commercialization of real estate as well as the main factors contributing to the market value of real estate, such as higher vacancy rates, higher capitalization rates or lower rents.

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The court of Bosnia and Herzegovina acquitted a person accused of financing terrorist activities https://fkleotar.com/2022/06/24/the-court-of-bosnia-and-herzegovina-acquitted-a-person-accused-of-financing-terrorist-activities/ Fri, 24 Jun 2022 17:17:32 +0000 https://fkleotar.com/2022/06/24/the-court-of-bosnia-and-herzegovina-acquitted-a-person-accused-of-financing-terrorist-activities/

The Appeals Chamber of the Court of Bosnia and Herzegovina issued a second instance verdict, which dismissed the appeal of the State Prosecutor’s Office and the acquittal of Sena Hamzabegovic on the indictment for financing terrorist activities as unfounded.

As stated in the statement, the appeals committee issued a second instance verdict on May 25 this year, and Hamzabegovic was acquitted of the charge that she had committed the criminal offense of financing terrorist activities.

“The defendant was acquitted because it has not been proven that she committed the criminal offense charged in the indictment of the Bosnia and Herzegovina Prosecutor’s Office,” the statement said.

In January this year, Hamzabegovic was acquitted of having been involved from 2013 to 2018 in collecting and providing financial assistance to citizens of Bosnia and Herzegovina who were on foreign battlefields in Syria. and Iraq, even though she knew that these people were fighting on the side of the armed forces, the forces of the so-called ISIL, including Jahbet al-Nusra, the Al-Nusra Front and other formations that have been declared terrorist organizations.

According to the indictment, Hamzabegovic traveled to Syria on several occasions, knowing that her husband Muradif Hamzabegovic was there, that he was involved in terrorist activities with other citizens of BiH, and that he used the money to finance these activities. 230,000 convertible marks (BAM) via transaction accounts in EURO, KM and CHF, which she handed over to her husband.

When explaining the verdict, Judge Branko Peric said the key fact was whether the defendant knew what the money she was withdrawing was for and who ended up with her husband.

“Here we have the case of a woman who disposes of her husband’s money on the basis of a power of attorney, which comes from the expropriation of real estate. “She did not know that the money that ended up with Muradif Hamzabegovic would be used to finance terrorist activities,” Judge Peric said at the time.

There is no possibility of appeal against this verdict, writes BIRN.

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Croatia Fortenova set to make a profit in 2021 https://fkleotar.com/2022/06/22/croatia-fortenova-set-to-make-a-profit-in-2021/ Wed, 22 Jun 2022 16:12:00 +0000 https://fkleotar.com/2022/06/22/croatia-fortenova-set-to-make-a-profit-in-2021/

ZAGREB (Croatia), June 22 (SeeNews) – Croatian group Fortenova, successor to collapsed food retailer Agrokor, said it recorded a net profit of 523 million kunas ($73 million/70 million euros ) last year, an improvement of 1.8 billion kuna compared to the loss recorded in 2020.

The Fortenova Group’s total consolidated revenue from continuing operations in 2021 amounted to 31.4 billion kuna, with a consolidated adjusted EBITDA of 1.955 billion kuna, after the gain from the sale of its frozen food unit , the company said in a statement on Tuesday.

Fortenova announced in September that it had successfully completed the sale of its frozen food business to UK-headquartered Nomad Foods for 615 million euros ($712 million).

“These results correspond to consolidated revenue growth from continuing operations of 65% and adjusted consolidated EBITDA growth of 52% compared to 2020. The main driver of the consolidated results performance is due to [Slovenian top retailer] Mercator Poslovni Sistemi, consolidated in Fortenova Group results from May 1, 2021,” Fortenova explained.

Compared to the 2020 end-of-year results, the group’s 18 core business companies, excluding the frozen food business which was sold and including the full-year Mercator group companies, recorded growth in their turnover on a like-for-like basis. 5% revenue, 20% growth in EBITDA and a 64% increase in EBIT.

The Fortenova Group ended last year with 1.872 billion kuna in cash in its accounts.

According to the statement.

The Fortenova Group, which is now able to pursue a regional investment cycle worth more than 130 million euros in 2022, as all its investments are focused on more sustainable and efficient operations, said Fabris Perusko, CEO of Fortenova Group, in the statement.

“We are continuing to implement our plan to strengthen the Group’s finances and simplify it. Thanks to transactions with Mercator, Frozen Group as well as a number of non-core and real estate sales, Fortenova reduced its debt in 2021 by 4.4 billion kuna, which led to an underlying leverage ratio of 4 .3x at the end of the year,” James Pearson, Fortenova Group Chief Financial Officer, said this was a significant decrease from the 6.8x leverage ratio it had at the start. of the year.

In April, Fortenova said its biggest shareholder, top Russian lender Sberbank, had signed an agreement to sell its more than 40% stake in the group to Hungarian asset manager Indotek.

Earlier this month, Fortenova said it was 42.51% owned by SBK ART LLC (whose ultimate majority owner is Sberbank of Russia), while 7.39% was owned by VTB BANK (EUROPE) SE. During the restructuring, a sanctions safeguard mechanism was put in place which prevents the shareholders subject to sanctions from exceeding 50% of the capital, independently or jointly.

Fortenova is the largest private company in Croatia and one of the largest companies in South Eastern Europe. It has more than 50,000 employees and operates in three main businesses: agriculture, retail and food, as well as non-core operations. It has manufacturing plants in several countries. Along with Mercator, it also owns the largest food retail chain in Croatia, Konzum. Konzum and Mercator together have a significant market share in Bosnia.

(1 euro = 7.519 Croatian kuna)

Poslovni Sistem Mercator dd is one of the largest companies in SEE, for more reference take a look at top 100 companies

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Great demand for real estate in Neum https://fkleotar.com/2022/06/19/great-demand-for-real-estate-in-neum/ Sun, 19 Jun 2022 08:15:27 +0000 https://fkleotar.com/2022/06/19/great-demand-for-real-estate-in-neum/

Real estate prices in Bosnia and Herzegovina (BiH) are constantly increasing and apartments are reaching astronomical figures. Despite the increase in prices, statistics show that the number of apartments sold is almost not decreasing, and this concerns in particular Sarajevo, Banja Luka, Tuzla, but also Neum.

In Sarajevo, the price for one square meter in the city center is 5-6 thousand, and on the outskirts – about 2,500 BAM. According to real estate agencies, apartments are more in demand and there is no need to advertise apartments. The demand is huge, but the supply is decreasing, which is why the prices keep rising.

Apartments in Neum are in demand like never before, but supply is very tight as there is simply no construction. The price of apartments in Neum depends on the location, that is, whether it is in the first row to the sea, near the sea or on the other side of the highway. By the sea, a square costs 3,000 euros, a little further from the sea around 2,200, and around the highway 1,500 euros. Of course, the price also depends on the condition of the property. Neum has been extremely desirable in recent years. There are many luxury villas, some for sale and some not. All exceed one million BAM. Villa Gabriel is one of the best in Neum, with a great location and a private beach. It is newly built and decorated with great style. The Villa Gabriel costs more than a million euros. There are other good properties in which there is great interest,” they say of the real estate agency “Adria Nekretnine” in Neum.

The Sarajevo real estate agency Sigenx also points out that there is great interest in buying in Neum.

A few days ago, we sold a commercial space in Neum at the price of 2,000 euros per square meter. Also, there is a great demand for apartments. The new road, which is expected to open soon, will drive the price up even further. Prices have increased due to demand, but also higher prices for construction materials because there is less construction now. A square meter in Neum, depending on the location, ranges from 1,500 euros per square meter (above the highway), up to 3,000 – 3,300 euros for apartments in the first row and overlooking the sea. All this affects the cost of renting apartments, which has increased this year. In the future, the price of offshore real estate will increase even more, says Spaho Ljajic of the Sigenx agency, writes Biznis Info.

E.Dz.

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Ready for business! Sarah Ferguson dons monochrome ensemble in Croatia https://fkleotar.com/2022/06/11/ready-for-business-sarah-ferguson-dons-monochrome-ensemble-in-croatia/ Sat, 11 Jun 2022 15:33:58 +0000 https://fkleotar.com/2022/06/11/ready-for-business-sarah-ferguson-dons-monochrome-ensemble-in-croatia/

Sarah Ferguson cut a diplomatic figure today as she met Ukrainian refugees living in Vukovar on a trip to Croatia.

The Duchess of York, 62, opted for an elegant white blazer and black dress during her visit to Vukovar and met Ukrainian refugees in the country, to whom she presented blue pencils with a crown as a gift.

The mother-of-two, affectionately known as ‘Fergie’, was visiting in her role as chair of the new group of international Montessori ambassadors.

Opting for a natural look, the Duchess, who is divorced from Prince Andrew, wore her hair down and loose and sported understated makeup.

Sarah Ferguson looked like a diplomat today as she met locals in Croatia while continuing to tour the country to promote Montessori

The Duchess of York, 62, opted for a smart white blazer and black dress when she visited Vukovar and met locals, whom she presented with blue pencils with a crown as a gift.

The Duchess of York, 62, opted for a smart white blazer and black dress when she visited Vukovar and met locals, whom she presented with blue pencils with a crown as a gift.

She wore a pop of black eyeliner around her eyes and teamed the look with small hoop earrings.

A few days ago, she met with the mayor of Zagreb, where she also held a press conference in a hotel to promote her new role.

At the meeting, she held a Little Red Doll, heroine of her own series of children’s books and also posed with an edition of her books with Little Red in Croatia.

She also held up a copy of Newsweek from 1985.

Taking to her Instagram after the event, she wrote: “I’m in Zagreb with the @montessori.group as chair of the new International Montessori Ambassadors Group and honored to meet @tomislavtomasevichr, Mayor of Zagreb.

A few days ago she met the mayor of Zagreb, where she also held a press conference in a hotel to promote her new role

A few days ago she met the mayor of Zagreb, where she also held a press conference in a hotel to promote her new role

The Duchess of York opted for a blue shirt dress with an A-line skirt which she teamed with velvet loafers and a dazzling denim jacket for the meeting in the Balkan nation

The Duchess of York opted for a blue shirt dress with an A-line skirt which she teamed with velvet loafers and a dazzling denim jacket for the meeting in the Balkan nation

Opting for a natural look, the Duchess, who is divorced from Prince Andrew, wore her hair down and loose and sported understated makeup

Opting for a natural look, the Duchess, who is divorced from Prince Andrew, wore her hair down and loose and sported understated makeup

MONTESSORI SCHOOL

The school system was invented in the early 1900s by Dr. Maria Montessori to educate poor children in her native Italy.

Today, there are over 5,000 Montessori schools in the United States and about 700 in the United Kingdom, where they are privately funded.

The method discourages traditional competitive measures of achievement, such as grades and tests, and instead focuses on each child’s individual progress and development.

Children of different ages share the same classes and are encouraged to collaborate and help each other.

Special teaching materials are used to keep children interested and the emphasis is on ‘practical life skills’. Most Montessori classes are secular in nature.

The Montessori method has had its share of critics. Some parents think the classroom environment is “too free” while others question Montessori teaching priorities or the fact that children are not normally given homework.

“Zagreb is no stranger to wars and their consequences and has been hosting refugees for many years. 11,000 Ukrainians have sought refuge in Croatia since their country was invaded by Russia and the mayor explained the structures and systems they have put in place to integrate them into the wider community.

“We discussed Montessori’s work in Croatia with Emergency Container Home Shelters, who provide decent shelter for the local refugee population, and the support they provide to teachers and children with child care centers for refugees, and how we can help support him and the Croatian people.

“I spent time talking to Blizhina Maria who fled Odessa with her daughter Alisa on February 24.

“They managed to approach the border and then made the last trip to Moldova.

“It is a great honor to be here, to show respect and love for a country with which I have had a deep connection for three decades.

“My charity Children in Crisis supported Croatian and Bosnian refugee families in the early 1990s who were going through the heartbreak Ukraine is currently experiencing.

“I am immensely proud of our work setting up a refugee camp in Tasovcici, Bosnia, later designated by @refugees, and pledge to do all I can to provide continued support

It comes after the Duchess of York said Prince Andrew was a “wonderful” father and a “very, very good grandfather” to the children of Eugenie and Beatrice.

Fergie remains extremely close to her ex-husband 14 years after their divorce.

The couple, who married in 1986 and share daughters Beatrice, 33, and Eugenie, 32, continue to live at Royal Lodge on the Queen’s Windsor estate.

Sarah previously claimed that Prince Andrew was a

Sarah previously claimed Prince Andrew was a ‘wonderful father and grandfather’, while reflecting on the upbringing of Princess Beatrice and Eugenie (pictured)

The Duchess of York said as grandparents they tried not to 'interfere too much' with the way Sienna and August were brought up

The Duchess of York said as grandparents they tried not to ‘interfere too much’ with the way Sienna and August were brought up

This is Fergie’s latest show of support for her ex-husband after he paid Jeffrey Epstein victim Virginia Roberts Giuffre £12million to settle sexual abuse allegations out of court – allegations he has always denied.

Speaking to Ok Magazine, Fergie said: ‘[Andrew] is a wonderful father and a very, very good grandfather.

She continued, “I think as a grandparent you have to let your kids be the parents they want to be and not interfere too much.

“But I’m always there to pick up the broccoli when it flies around at mealtimes.”

Béatrice who married Edoardo Mapelli Mozzi, 38, in 2020 is mother to daughter Sienna, seven months, while Eugenie who married Jack Brooksbank, 36, in 2018 is mother to son August, one. Beatrice is also stepmother to Edoardo’s son, Wolfie.

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Where there is a will, Hotel St. Rita again finds a way https://fkleotar.com/2022/06/08/where-there-is-a-will-hotel-st-rita-again-finds-a-way/ Wed, 08 Jun 2022 13:46:17 +0000 https://fkleotar.com/2022/06/08/where-there-is-a-will-hotel-st-rita-again-finds-a-way/

VICTORIAN: Originally one of Queen City’s grand old mansions, the St. Rita has changed its look several times over the decades. The most recent includes a four-bedroom summer apartment for weekly rental on the ground floor. Architectural elements such as stained glass are preserved. The classic rooms upstairs will house the personnel of several companies, which are badly needed. (Photos by Jack Reynolds)

The historic St. Rita in Beach Haven begins a facelift as the hotel enters a new era, after being bequeathed to an 8-year-old granddaughter, who was the light of life for the longtime 94-year-old owner years, Mary Coates.

The hotel is preserved against all odds, but with love. These days, it would have been easier to sell him, and the opportunity had presented itself many times uninvited. But that was not the case in this building whose stories intertwine in a few almost mysterious similarities over more than a century. Read her most recent story, then an earlier story below.

Another twist in 2022 to the building’s long life is that, in response to a need, some second-floor rooms will house summer employees of Beach Haven businesses. Nice upgrades to the weekly vacation apartments are in separate wings.

Main building guests will enter a wicker-furnished lobby from an airy porch one block from the ocean at 127 Engleside Ave. The hotel’s neighbor is the Long Beach Island Historical Association Museum. Across the street is the Veterans Memorial Park.

The remainder of the main floor now contains a beautiful weekly summer rental of four bedrooms and 2½ bathrooms. It’s a mix of old and new – a Victrola record player and a Trump Plaza sofa with a 65-inch wall-mounted TV in the family room, a glass shower and an antique king bedroom set in a seafoam green finish from sea. The dining room wall contains a sepia collage of the exterior facade of the hotel over the years. The new owners want to restore the exterior appearance to its stately 1880s original in perhaps five years.

In a garden courtyard are updated cottage-style rentals, outfitted with cozy details like an orange Keurig coffeemaker that wakes up the day with seaside paintings and authentic chenille bedspreads.

Like many other old seaside hotels, if the walls could talk, they would whisper both the ruckus and the rest of decades past. The part that could script a Lifetime movie starts more recently.

The late Marie Coates was a feisty, independent woman whose Eastern European beauty landed her a modeling job for the Sylvania light bulb company in Philadelphia in the 1940s and 1950s, after a difficult childhood with a family in ‘welcome. She married young but found the strength to leave an abusive husband and raise their daughter as a single businesswoman at a time when this was not as supported in society. “People were trying to take advantage of her, but she was still set in her ways,” a friend described.

Her second husband, Harold Coates, became the owner of the St. Rita Hotel. Marie told his closest associates that he won the keys to an island poker game with a pal after Harold lost his house in the 1962 storm. The written version of the story established a trade at $55,000. Marie maintained it until almost the end of her life last year. She was predeceased by her daughter, Caroline.

Jorge Dinis and Slobadanka Aleksic Dinis, both immigrants and now US citizens, were dear friends of Marie and are the parents of young Milana, who turns 9 in July and is the new owner of the St. Rita. Milana’s grandmother, Brankica, a Bosnian green card holder, will lovingly continue cleaning at the hotel. Their new chapter is an emotional adventure backed by hard work and some casual help too.

Throughout the past winter, the family has worked to complete the first of renovations which modernize the accommodation, while leaving many elements of the building’s Victorian character. Meanwhile, Dinis is a full-time manager at Acme Supermarket in Barnegat and Slobadanka Aleksic has been a manager at How You Brewin’ cafe in Surf City for the past decade.

On a recent day, when Milana was still in school, Slobadanka visited The SandPaper through the changes, tearful at the absence of its last owner, but proud of their decision to try to preserve the hotel.

“She left me the choice to sell it or manage it,” Slobadanka recounted, speaking through her tears. “And I had spent a lot of time with her. I know what she really wanted me to do. She left that to my daughter because she was the brightest light in her life and mine too. I don’t even know how to put this into words. The thing she did for my daughter is priceless, it’s exceptional, and there aren’t many people who would ever, ever do something like this.

“When we lost her, it was very difficult to manage the estate. I was getting a lot of calls, e-mails and “sell it” letters. A lot of friends were like, ‘You don’t want to deal with this; it is a money pit. You don’t know how much work you’re going to put into it,” Slobadanka recalls. “It was a very difficult decision.”

Selling would have been “the easy way out”, she said. “But Marie really wanted Milana to take the keys and be the proud owner of the St. Rita after all these years. And I worked all those years for other people. I thought, ‘You know what? If it’s his last wish, I’ll give him a chance; I’m going to try.’ But I don’t expect to be successful by any means, but at the end of the day, I will feel better than I tried for her.

Renting out the small, traditional bedrooms upstairs to more than 16 summer workers was a solution that allowed the family to manage finances now. Coincidentally, after telling Island Baptist Church that yes they could help the church in this way, that’s when a loan was secured for the renovations.

“The Beach Haven community contacted us, and then we decided, OK, it’s an old building, we know we’re going to have challenges, but we’re going to help the employees of the Beach Haven community and be able to have their businesses open all summer, not like last summer,” she proclaimed.

Dinis said the list of Beach Haven properties they offer summer rental rooms for staff include Island Baptist Church, Bistro 14, Fantasy Island and Surflight Theater. A daughter helping at St. Rita, Alina McClain, met her future husband, Grant, at the Harvey Cedars Bible conference, and they are getting married in October. She was born in Russia and was adopted and raised with her sister by parents in Philadelphia.

“Many companies have approached us,” Slobadanka said. “We’re going to have certain rules and we’re going to have to enforce them, but I’m going to help them in any way I can because I was one of them when I first came here.” She came to America in 2003 to work at Drifting Sands Motel and Ship Bottom 7-Eleven. The motel owners invited her back the following year and later the multi-year citizenship process began. “Since then I have been here in the United States, the greatest country in the world.”

Milana was there to help clean up and haul trash during the winter renovations that her mother says made her proud.

“She loves everything about it,” her mother said. “And the thing about her is that she knows how much Mary loved her and she did all of this as the greatest gift anyone has ever given her. And no matter what, she just wants do things to honor Mary. She feels like an extension of Mary and she will take care of it.

mariascandale@thesandpaper.net

A historical monument has a historical past

An abridged history of the St. Rita’s Hotel compiled a few years ago by local historian Gretchen F. Coyle and published in Beach paradise hour began with the purchase of the lot by decorated Civil War veteran George Walker. He bought it from J. Atwood Cranmer in 1892 and built his family a summer residence.

“As was popular in the days when air conditioning and houses blocked any breeze, there were four porches. The house was built from oak, not the usual cedar that was popular at the time. George became the city’s first postmaster in the late 1800s with the post office in the front room.

“After Mr. Walker’s death, the next owners were the Dease family (Deese or Deitze, as it is sometimes written). The story is that Mr. Dease was an alcoholic and could not hold a job. After falling ill, Elizabeth Dease supported her family by turning their home into a boarding house and naming it after her patron saint, Saint Rita.

“St. Rita of Cascia was once Margaret Lotti who lived from 1371 to 1447. After becoming an Italian widow (her husband was murdered by family enemies), she became an Augustinian nun while trying to prevent her sons to take revenge. Unfortunately, they died of dysentery.

“St. Rita was canonized by Pope Leo on May 24, 1900, and given the title of patron saint of impossible causes, including abused women, widows, and broken-hearted women. So Mrs. Dease must have had a lot of hope for her hotel when she decided to name it the St. Rita St. Rita did not disappoint her.

“At the beginning, only a few rooms were fitted out so that they could be rented out during the summer, ironically only to the clergy. It quickly grew, transforming the pension into a real hotel. Mrs. Dease’s hotel has become a big hit, renting to families throughout the summer months. At times, some of the Engleside employees lived at the St. Rita. Mrs. Dease even served meals from time to time.

“During the Second World War, the troops lived in Sainte-Rita. ‘My Deese’, as she was called, was popular with the young men stationed so far from home. She made the hotel a success and was able to support her children.

After his death the hotel was owned by Freddie Herman for a few years before the Harold Coates family.

The building’s Second Empire style architecture features a mansard roof, gabled dormers and Queen Anne windows. It is on the National Register of Historic Places.

—Gretchen F. Coyle

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Apartment prices continue to soar in BiH – Sarajevo Times https://fkleotar.com/2022/06/04/apartment-prices-continue-to-soar-in-bih-sarajevo-times/ Sat, 04 Jun 2022 13:30:35 +0000 https://fkleotar.com/2022/06/04/apartment-prices-continue-to-soar-in-bih-sarajevo-times/

Apartment prices continue to soar. After years of stagnation, prices in the midst of a pandemic are recording their first increases. And there is no stopping. On the contrary. In just one year, the price per square meter has increased by nearly 450 BAM.

According to the Statistics Agency of Bosnia and Herzegovina, the average price of new apartments at the beginning of this year was BAM 2,248 per square meter. This is 23% more than the average price of apartments in 2021. If we only compare the first quarter of 2021 and 2022, then the difference is almost 25%, where we arrive at these 450 BAM.

For comparison, the price of new apartments in 2018 was 1,613 BAM. Which would mean that today, a square meter of new construction, compared to pre-pandemic times, costs 635 BAM more. Practically, this amount is higher than the lowest net salary of the Federation of BH, which currently stands at 543 BAM. And the square this year is more than two average salaries in Bosnia and Herzegovina.

Citizens of BH paid more, but also bought more – thus, the number of new apartments sold at the beginning of this year, compared to the first quarter of 2021, increased by 1.5%, 627 apartments were sold.

If we analyze only the area of ​​the Federation of BiH for the same period, we see that citizens have increased their purchases by 3.9% this year. 265 apartments were sold, the most in the capital of BiH, 117. The average price per square meter was almost 2,400 BAM. In other areas, the average price is almost one thousand and 900 BAM. These are average prices – the most specific, ranging from 2,500 to 6,000.

Although the Republika Srpska entity has more favorable apartment prices, in the first quarter of this year, compared to last year, it recorded the highest price increase, by 37%. This led to a slight drop in sales, of 0.3%.

Experts mainly see the reasons for the increase in the price of building elements. According to data from the Statistical Agency of Bosnia and Herzegovina, in one year the price of building land fell from 185 marks to 226 on average. Construction cost and contractor’s profit increased to 426 thousand, while other costs increased to 596 BAM.

Apartment prices have also increased due to real estate investments. This has increased demand, which is not currently accompanied by supply. But it’s not just our country that’s struggling with this real estate market. An increase in apartment prices was also recorded in the countries of the region – around 30% compared to the previous period. However, the purchasing power of the citizens of Bosnia and Herzegovina must also be taken into account. That’s why most, however, decide to rent apartments, writes Federalna.

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Bosnian Federation to extend benefits to civilian war victims https://fkleotar.com/2022/06/02/bosnian-federation-to-extend-benefits-to-civilian-war-victims/ Thu, 02 Jun 2022 07:00:00 +0000 https://fkleotar.com/2022/06/02/bosnian-federation-to-extend-benefits-to-civilian-war-victims/ The entity government of the predominantly Bosnian-Croat Federation of Bosnia and Herzegovina has voted for a bill that will provide more extensive social benefits to civilian victims of the 1992-95 war.

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Shqip Bos/Hrv/Srp


The Minister of Labor and Social Policy of the Federation Entity, Vesko Drljaca. Photo: Federation Government,

The government of the Federation of Bosnia and Herzegovina voted on Thursday in favor of the adoption of the draft law on the protection of civilian victims of war.

The draft law establishes a legal framework for the granting to civilian victims of the 1992-1995 war of benefits such as a personal invalidity allowance, a personal income allowance and a care and assistance allowance, orthopedic treatment allowance and a family disability allowance.

Other benefits under the bill are vocational rehabilitation and retraining, priority employment and housing status, and psychological and legal assistance.

The new law will recognize, for the first time, the rights of children born as a result of wartime rape.

The rights of civilian war victims are currently regulated by the Law on Social Welfare, Protection of Civilian War Victims and Protection of Families with Children in the Federation Entity.

But the Federation’s Minister of Labor and Social Policy, Vesko Drljaca, said that “it is important to emphasize that this project has brought many improvements”.

Drljaca highlighted the fact that under current legislation, some people are not entitled to benefits because they own a certain amount of real estate or land.

He said that under the bill, “all families of killed or missing civilians will be treated equally” and that people will not be denied benefits based on their monthly earnings.

The bill has been sent to the Federation parliament for consideration and vote.

The other entity of Bosnia and Herzegovina, the Serb-dominated Republika Srpska, has its own separate legislation on war victims. The NGO Trial International has pointed out in the past that due to the lack of state-level law governing the issue, there is “unequal treatment of victims in Bosnia and Herzegovina depending on where they live. “.

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‘RHOBH’ Has By Far a Richest New Star https://fkleotar.com/2022/06/01/rhobh-has-by-far-a-richest-new-star/ Wed, 01 Jun 2022 21:29:56 +0000 https://fkleotar.com/2022/06/01/rhobh-has-by-far-a-richest-new-star/

It will not be surprising to The Real Housewives of Beverly Hills viewers that Season 12 newcomer Sanela “Diana” Jenkins would now be the franchise’s richest full-time cast member – by far. In Episode 3, it became clear how rich she was when co-star Crystal Kung-Minkoff had to explain what a mall is. Not only would Jenkins not buy from one, but she wouldn’t buy at all. She explained that designers just send clothes to her house. “I keep what I like and send back what I don’t like, then I pay for it,” she said. “Nothing humble about it. I need to own it.

Also in the Bravo series, Jenkins owns a “cluster of homes” around the world, including homes in Sarajevo and Croatia, in addition to his Hidden Hills, California mansion. Ahead of his frequent world travels to other locations, Jenkins sends a team to set up all the accommodations to his liking in areas such as “safety, views, bedding and linens, and general comfort.” . Added the new Bravolebrity, “So everywhere I go I feel like home. I feel like it’s really, really important.

However, Jenkins hasn’t always lived in luxury. As she explained on RHOBH, she “grew up very poor” before fleeing communist Sarajevo as a teenager. She later met her ex-husband, Roger Jenkins, whom she described as “one of the best investment bankers in the world”, and the rest is history. “I left the war [and] extreme poverty to extreme wealth,” she said. Now, with a reported net worth of $300 million, Jenkins’ wealth is triple that of No. 2 Kyle Richards’ $100 million.

In 1999, Jenkins married Roger, whose work at Barclays Bank placed him among Britain’s 500 richest people, according to the Daily mail. They share two children, Innis and Eneya. When they divorced 13 years later, Roger, who dated model Elle Macpherson, awarded Jenkins more than $187 million, half his reported fortune of $375 million. They reportedly called the split “the happiest divorce ever” and remained good friends. At the time of their divorce, their assets included a $31 million clifftop Malibu estate, a vacation home in Bosnia and a marble-floored yacht on which she entertained famous friends such as George Clooney, depending on the point of sale. (Jenkins sold the Malibu property to WhatsApp co-founder Jan Koum for $87 million in early 2021, according to the Los Angeles Times.)

Jenkins, who studied computer science and economics at City, University of London, is an entrepreneur. She founded Neuro Brands, a private lifestyle beverage company, in 2009 and is also Chairman and CEO. According to the company’s website, Neuro now has more than 65,000 locations nationwide, including chains and retailers such as Walmart, Target, and Amazon, carrying their various products. The brand, which reportedly generates $34.56 million in annual sales, also touts “some of pop culture’s most recognizable faces” as including Neuro drinks in their daily routines. She also helped launch celebrity-favorite swimsuit company Melissa Odabash.

Besides being a businesswoman, Jenkins is also a philanthropist who has run her Sanela Diana Jenkins Foundation for Bosnia and Herzegovina since 2002. Originally named the Irnis Ćatić Foundation – in memory of her 21-year-old brother, who was killed by Serbian forces. in the final days of the Bosnian war – the charity helped fund the medical faculty at the University of Sarajevo and aims to provide financial support for the establishment of Bosnian schools and orphanages. According to the foundation’s website, they also help build homes for the country’s poor, provide emergency aid and clean up polluted lakes.

As viewers learned on RHOBH, Jenkins also works closely with Elton John’s “very good friend” AIDS foundation. Her other charitable activities also include the Sanela Diana Jenkins Human Rights Project and the Jenkins-Penn Haitian Relief Organization, which she formed with actor Sean Penn after the devastating 2010 earthquake hit the country.

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