The newly built Sub City shopping centre in Zupa near Dubrovnik has been sold. Less than six months after the shopping centre was opened the owners, Agrokor, have sold the centre to the South African investment company, Tower Property Fund, for a 28 million Euros.
Agrokor is currently in the final negotiations with Tower Property Fund and it is expected that the 28.7 million Euros plus VAT deal will be finalised soon. The deal will see Agrokor remain in the shopping centre on a property management contract for the next twelve years.
A statement from the PR department of Agrokor read that, "Agrokor is in final negotiations on the sale and lease back of the centre in cooperation with Tower Property Fund Limited listed.”
It is reported that the negotiations will be completed by April this year. “These retail centres have been sold by Agrokor in a sale and lease back in order for them to utilize the cash more effectively in their business given they are a retailer and property is not their core strength,” commented Marc Edwards, CEO of Tower.
On the eve of the opening of the “Mercedes Global Training” event in Dubrovnik representatives of Daimler AG for Croatia met with the mayor of Dubrovnik today.
Dean Torti, the marketing and PR manager for Star Import, the general importer of Daimler AG for Croatia, said the choice of Dubrovnik for this major event was not accidental. “Mercedes Global Training is organized every year and is intended for sales staff and sales coordinators to learn about new models before they are placed on the market,” commented Torti at a press conference held with the mayor of Dubrovnik, Andro Vlahusic.
Mercedes are based at two different locations in Dubrovnik, at the Radisson hotel in Sun Gardens, Dubrovnik and at Valamar Hotels in the Babin Kuk suburb of Dubrovnik. Over the past weeks hundreds of different classes of Mercedes cars have arrived in the city and over the past days more and more German number-plated Mercedes have been driving around the city.
At the press conference today Vlahusic took the opportunity to thank all involved in this project, adding that the city can look forward to an increase in the number of overnight stays as well as the marketing effect of having this top brand car company in the city.
The Dubrovnik Times has been informed from an inside source that on the last day of the Mercedes training a special event will be organised. An “unmanned” Mercedes will drive from the Radisson hotel in Orasac to the Old City of Dubrovnik. This has yet to be confirmed by Mercedes. According to information we have received the car will drive using GPS and a high-end computer system. Of course the road from Orasac to Dubrovnik will have to be closed during this “driver-less” journey, which should take around 30 minutes.
Daily flights from Dubrovnik to Moscow could be a possibility this summer season 2016. The Russian based Red Wings Airlines recently applied to the Croatian Air Transport Agency for a licence to operate flights to Dubrovnik, Pula and Split. And according to reports by the Russian news agency RIA, and the licence has been granted opening up the possibility of daily flights from the Russian capital to Dubrovnik.
Red Wings Alliance, which is based in Moscow's Domodedovo airport, was founded in 1999. According to their website the airline “performs year-round charter flights to the most popular tourist destinations.” The airline has been given permission to operate daily flights between Dubrovnik and Moscow and Pula and Moscow. Whilst from Split to Moscow they have been granted five flights a week. But as Red Wings website is only in Russian we can predict that the flow of tourists will be one-way.
The Dubrovnik-Neretva County tourist board is currently presenting the tourism attractions of the region at one of the most important travel exhibitions in the world. The Destination Holiday and Travel Show in London opened yesterday, the 4th of February, and will continue until the 7th of February. This is the UK's biggest and longest-running travel show and has hundreds of leading and independent tour operators as well as over 70 tourist boards from across the globe.
This is the County tourist board sixth appearance at this travel exhibition and this year they are sharing a stand with the County tourist boards of Split, Sibenik, Zadar and Lika. The Destination Holiday and Travel Show attracted around 37,000 visitors last year and this year there will be over 300 exhibitors from all over the world at the fair in the Olympia Centre.
The British market has long been the most important one for the Dubrovnik region. The most numerous tourists in Dubrovnik last year, in terms of nationality, were from Great Britain. In 2015 around 14 percent of all of the tourists who visited the Dubrovnik-Neretva County were British. Of course the number of flights to and from Dubrovnik and the UK is the main reason for the growth in British tourists. British Airways even operates flights through most of the winter months to Dubrovnik.
Our partners at LMT Studio have created a video to mark the Day of St. Blaise. Yesterday Dubrovnik celebrated the day of the patron saint of the city for the 1044th time. As ever the Stradun was awash with colours and sounds as the main procession made its way in front of thousands of people.
If you were unable to be at Dubrovnik’s biggest day of the year catch a glimpse of the atmosphere in this new video from LMT Studio.
The mayor of Dubrovnik, Andro Vlahusic, received at visit from the mayor of the German city of Bad Homburg Alexander Hetjes, one of Dubrovnik’s sister cities, yesterday.
Alexander Hetjes has been the mayor of Bad Homburg since September 2015. Dubrovnik and Bad Homburg signed a memorandum on mutual cooperation in 2002 and since then the two cities have cooperated on a number of important projects.
Speaking of the previous cooperation between the two sister cities mayor Vlahusic stressed the pivotal role of Mrs. Olga Stoss, the president of the humanitarian organization Kroatienhilfe and winner of an award from the City of Dubrovnik.
Alexander Hetjes arrived in Dubrovnik to celebrate the Day of St. Blaise and the Day of the City.
The 1044th day of the patron saint and protector of Dubrovnik, St. Blaise, was celebrated today the 3rd of February. After the mass that was held this morning at 10.00am the procession started down the Stradun in the heart of the Old City of Dubrovnik.
Banners, flags, costumes and music filled the historic Old City as Dubrovnik celebrated its patron saint.
Check out our photo gallery by Niksa Duper of today’s procession.
TOP FIVE DUBROVNIK “I NEVER KNEW THAT”
Lokrum saved a King - Richard the Lionheart was cast ashore on Lokrum after being shipwrecked in 1192
Heaven on earth - George Bernard Shaw, visited the city in 1929 and said: "If you want to see heaven on earth, come to Dubrovnik."
Old drug dealer - The third oldest pharmacy in Europe is located in the Old City, it dates from 1317
Gardens from the past - The Arboretum Trsteno, is one of the oldest arboretums in the world, dating back to before 1492
The Dubrovnik Synagogue - The Dubrovnik Synagogue is the second oldest in Europe established in 1352
MOL is planning to reduce investments and focus on assets closer to Hungary that can still generate cash after a plunge in oil prices and Croatia is on the radar as an investment possiblity.
MOL owns almost 48 percent of shares in the Croatian oil company INA and has expanded into Norway and the U.K. in the past two years.
“Our priorities for this year are focusing on what we have, extracting value from the assets,”said Berislav Gaso, the chief operating officer in charge of the exploration and production division. He added for an interview in Bloomberg that, “I like barrels but I like dollars even more and in a $30 environment it is all about dollars when you operate in upstream.”
MOL is the second-largest listed company by market value, and operates in 40 countries, is betting on lower spending as oil prices slumping to the lowest in more than a decade force industry players worldwide to rethink strategy to stay afloat. MOL will cut operating costs and will only invest in projects that can break even at an oil price of $30 a barrel, according to Gaso.
The company is intensifying production in Hungary and Croatia, which together account for close to 80 percent of the group’s overall output as “there’s still a lot of value to be extracted from these assets,” Gaso said.
As a result, production in Hungary rose in the last three months of 2015 from the previous quarter and Croatian onshore oil production rose on an annual basis, he said.
The Dubrovnik Times has teamed up with Soundset Ragusa for a new project, the Voice of Dubrovnik Weekly Review.
With the growing number of foreigners living in Dubrovnik on a year round basis The Dubrovnik Times and Soundset Ragusa have joined forces to produce a weekly radio show to better inform the international community. The Voice of Dubrovnik was launched as a daily radio program four years ago and has proved to be a valuable source of information for tourists through the summer months. The show, which is broadcast twice a day through the tourist season, features news, information, weather and events and many restaurants, cafes and hotels tune in so that their guests can catch up on the news from the city. The Voice of Dubrovnik is produced by the editor of The Dubrovnik Times, Mark Thomas.
“We have the Voice of Dubrovnik through the season for the visitors, but now we broadcast a weekly review for the Dubrovnik international community,” commented Mark Thomas speaking to the Soundset Ragusa radio station. He added that “We will broadcast every Saturday, in the morning and again in the afternoon, and will roundup the week’s news in Dubrovnik, along with upcoming events.”
The international community is slowly increasing year after year and now there are between 300 and 500 foreigners who live in Dubrovnik. When you consider that there are more foreign owned hotels in the city, and that foreign nationals are often employed, that number could be even bigger.
The Voice of Dubrovnik Weekly Review will be broadcast every Saturday on Soundset Ragusa at 10:50am and repeated at 16:50pm starting from this Saturday the 6th of February. You can also listen to the show on The Dubrovnik Times and Soundset Ragusa websites.