The lookout point can be reached by the Biokovo road, which leads from the entrance reception of the Biokovo Nature Park, approximately 6 km east of Makarska, to the highest Biokovo peak, Sv. It runs at an altitude of 1762 meters, which makes it the highest paved road in Croatia. The total value of this project is approximately HRK 31 million, of which grants from the European Structural and Investment Funds amount to around HRK 27 million. The rest is financed by the Fund for Environmental Protection and Energy Efficiency and own funds of users and partners – Makarska Development Agency MARA and the Croatian Mountain Rescue Service – HGSS. Landscaping of the Skywalk Biokovo is part of the project ‘New Adrion – Promoting sustainable use of natural heritage PP Biokovo, which is funded by the European Regional Development Fund under the Operational Program Competitiveness and Cohesion 2014-2020, and is the largest and most demanding financially project in the history of the Public Institution “Biokovo Nature Park”. From the Heavenly Promenade, the view is of Tučepi, Podgora and Makarska, the Dalmatian islands of Hvar, Brač, Vis, Korčula, Pelješac, and in particularly nice weather, after the famous Biokovo bora clears the horizon, the view reaches Cape Monte Gargano in Italy. The lookout is located at an altitude of 1228 meters above sea level, on the 13th kilometer of the Biokovo road, next to the info – center. It is a horseshoe-shaped lookout, with a glass base for walking, which in the most convex point in the length of 12 meters covers the cliffs of Ravna Vlaška. The most impressive and complex part of this EU project is the construction of a horseshoe-shaped belvedere outside the cliff with a glass surface for walking called the Skywalk Biokovo. Approximately eight million kuna was invested in the construction of this building and the reconstruction of the existing lookout. The lookout is open to all visitors from Thursday, July 02nd. Photo: For Biokovo Nature Park Plamenko Cvitić Photo: For Biokovo Nature Park – Plamenko Cvitić As part of the lookout, a geological pillar was built – a three-dimensional view of the cross-section of the rocks that formed the area of Biokovo from its inception until today with a geological table of time and a description of the age and type of rocks. The Skywalk, a unique visitor attraction in Croatia, opened in the Biokovo Nature Park. Skywalk Biokovo is located in the southwestern part of the Biokovo Nature Park, in the area of Ravna Vlaška, at an altitude of 1228 meters above sea level, on the 13th km of the Biokovo road and next to the info – center.
“The stress test will retrieve valuable information on the sensitivity of IORPs (Institutions for Occupational Retirement Provision), sponsoring undertakings and members and beneficiaries to such a scenario,” Bernardino said.The regulator said it was running the stress test and the quantitative assessment alongside each other to minimise the burden on IORPs.Both exercises will run until 10 August, the deadline for data to be submitted to the national supervisory authorities (NSAs).On 19 May, there will be a workshop with participating IORPs, and a Q&A procedure for the institutes will go on between May and August.From the end of August into September, EIOPA will then carry out what it described as a centralised quality assurance of all submissions, and finally, in December 2015, it will publish the results of the stress test analysis.The stress test exercise will be conducted in seventeen European countries and cover both defined benefit (DB) and defined contribution (DC) pensions.EIOPA said it would use the quantitative assessment to gather data from pension funds on the potential uses of its controversial holistic balance sheet (HBS) idea – which critics have said is too standardised – within an EU-wide supervisory framework.The outcomes would, it said, help EIOPA in further developing its advice to the European Commission on EU solvency rules for IORPs.At the same time, EIOPA has published responses to the consultation it launched last year addressing further work on the solvency of IORPs.Among other things, the paper discussed possible uses of the HBS, such as an instrument to set funding requirements.The responses reveal many negative reactions to this idea from the pensions industry.The UK’s BT Pension Scheme questioned whether EIOPA’s proposed one-size-fits-all approach was the best way forward.“Developing and complying with a mandatory and prescriptive regime predicated on the use of a holistic balance sheet will inevitably be time-consuming and costly for IORPs,” it said, adding that it did not see that this would lead to better outcomes for IORPs or their members than the processes already used locally.On the sponsor side, umbrella employers’ association Gesamtmetall in Germany described applying more solvency requirements to pension funds via a “Solvency II-like” approach using the HBS methodology as “objectively unnecessary and counter-productive”.Jerry Moriarty, chief executive of the Irish Association of Pension Funds, told IPE: “Like most people in the pensions industry, we struggle to see why EIOPA is proceeding with the stress tests, since the European Commission has taken the issue of solvency away from the IORP review that’s currently taking place.“It seems to us this is going to cause quite a bit of work and cost to schemes but doesn’t add anything to the protection of schemes across Europe, as it’s largely an academic exercise.” The European Insurance and Occupational Pensions Authority (EIOPA) has announced details of its first stress test for occupational pension funds, as well as a quantitative assessment of the solvency of the institutions.The stress test is aimed at judging how resilient pension funds are to tough market scenarios, as well as a longevity scenario, the EU regulator said.Gabriel Bernardino, chair at EIOPA, said: “Pension funds are already experiencing a challenging environment with low interest rates and rising life expectancy.”He described the long period of low interest rates – combined with the fall in asset prices as risk-on financial markets had been reappraised – as a key vulnerability for the occupational pensions sector.
The house was built by the couple in 2012.The four-bedroom waterfront house offers a pool, waterfront entertainment area, open-plan design and city skyline and Hinterland views. The property was built in 2012 after the couple knocked down the original house, which they spent $1.3 million on in 2008. Rugby league legend Scott Prince and his wife Kristy are seeking more than $1.775 million for their home. Picture: Tara Croser. A price tag has been added to the listing of Scott Prince’s palace.RUGBY league legend Scott Prince has revealed his price hopes for his luxury Gold Coast house, which hit the market in May. The former Gold Coast Titans captain and wife Kristy were originally going to try their luck at auction but a price tag of more than $1.775 million has since been added to the listing. The Prince family are selling to buy two new properties.The pair are selling to buy two new properties, one in Brisbane and another on the Gold Coast, to better juggle their time and work commitments. Prince works with the Brisbane Broncos and their indigenous program, while his wife works on the Coast and their two daughters attend school locally. “The girls love the school and we don’t want to uproot them and of course we all love the Gold Coast lifestyle,” Prince said when the property was listed last month. “This literally was our dream home that we designed and built with Adenbrook Homes — I am sure it will easily become someone else’s dream home.“Being on the water is what the Gold Coast is all about, it’s a great family home and also a great spot for entertaining.”Prince’s long rugby career included stints with the North Queensland Cowboys, Brisbane Broncos, West Tigers, Gold Coast Titans, indigenous All Stars and the QLD State of Origin Maroons. While Prince won’t be taking the field for the highly-anticipated clash, he is still involved heavily with the team. “Go Queensland!,” Mr Euler said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:50Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:50 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenNRL stars tackling the property game00:50 MORE NEWS: Gold Coast records biggest drop in sales activity across Queensland The waterfront home at 6 Garden Grove, Carrara.Scott Euler of @realty, who is marketing the house at 6 Garden Grove, Carrara, with Nicola Buchanan, said Prince had been flat out in the lead up to tonight’s State of Origin game. “Due to Scott’s business and football commitments it meant he was going to be away this weekend for the auction so we felt it was best to put it back to a private treaty,” Mr Euler said. “We have had a great mix of buyers, both local and interstate, show some interest and there are positive signs post-election, which is great for the real estate industry.“There’s a mix of young families wanting it for that space it offers with the 1424sq m block and, the jewel of the crown, the 22m water frontage.More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“And surprisingly some older buyers too … appreciating the low-set position that it offers opposed to having stairs.” MORE NEWS: Qld wins the ‘Real Estate of Origin’