As a leader in Croatian tourism, Valamar is the first to launch the V-Executive business education, with which it will develop the best talents from the company into future leaders with leading educational institutions and academic experts. Namely, Valamar, the largest tourist company in Croatia, and five higher education institutions in Croatia signed an Agreement on Cooperation in the Improvement and Development of Educational Programs. The V-Executive program will feature more than 25 lecturers from key academic institutions, Valamar managers and leading experts from many fields. The two-year V-Executive business education will offer participants a complete set of knowledge and skills needed to develop a successful career in tourism and hospitality, and as they point out from Valamar is based on modern academic knowledge and practical experience of lecturers and enables professional and personal development. Cover photo: Valamar, Illustration: HrTurizam.hr Vatroslav Škare, associate professor at the Faculty of Economics, University of Zagreb and director of the V-Executive program added: “Tourism is one of the most important industries in Croatia, but the changes that are daily in this industry represent a great challenge for managers in tourism. The special feature of the V-Executive program, as a combination of academic knowledge and business practice, is the answer to this challenge, and that is top knowledge. Through this program, managers will gain specific knowledge from specific areas and respond to all future challenges”. Željko Kukurin. Photo: Davor Puklavec / PIXSELL The V-Executive program is part of the umbrella educational platform Valamar Excellence, a program of lifelong learning and acquisition of knowledge through education and training for business in tourism and hospitality, which offers all Valamar employees a constant opportunity for personal and professional development. V-Executive contains 27 modules divided into eight main thematic directions, and each direction deals with specific topics related to business in tourism. The number of participants at the module level is limited to a maximum of 40. “Caring for employees is a key strategy for managing guest satisfaction. The knowledge and skills of employees are the key competence of service excellence. With these beliefs, Valamar has developed a V-Excellence education and training program that will be implemented in cooperation with the best experts and institutions in Croatia. We are especially proud of the development of the V-Executive training program, where we will provide our talents with management training modeled on numerous executive programs of business schools around the world, using the best academic and business practice in Croatia.” said Zeljko Kukurin, CEO of Valamar Riviere. Depending on their own preferences and work experience, participants will be able to choose the entire program or individual thematic areas and modules related specifically to their job position or desired area of training. The program starts in January 2020. The contract was signed by Željko Kukurin, President of the Management Board of Valamar Riviera, Jurica Pavičić, Dean of the Faculty of Economics, University of Zagreb, Robert Zenzerović, Dean of the Faculty of Economics and Tourism Dr. Mijo Mirković in Pula, Dora Smolčić Jurdana, Dean of the Faculty of Tourism and Hospitality Management Opatija and Maja Fredotović, Dean of the Faculty of Economics in Split. The University of Dubrovnik will also join the cooperation on educational projects.
David and Sandra Jenkins were last week reportedly willing to trade thier Sovereign (Islands home) for 500 bitcoin. Picture: Richard GoslingBITCOIN could become the Uber of the financial world, after winning the support of four out of five Aussie experts and economists — and driving some homeowners to consider trading in their white picket fence for a bit of coin.The latest finder.com.au survey of 33 experts and economists has found that 79 per cent do not believe bitcoin is a “foolish” investment.The backing comes amid a surge in the value of bitcoin to over $10,000 last month, which triggered a rise in Australian homeowners willing to give up their piece of the Australian real estate dream for cryptocurrency.Logan Lincoln of property research firm CoreLogic said the 75 to 80 per cent surge in value of bitcoin in the last month had created a major stir that savvy sellers were piggybacking to lift property profiles.“It’s not just Australia, there’s a lot of interest outside of Australia, I’ve even seen properties marketed in Fiji with bitcoin value,” he said. The owner of 1411 Mountain Highway, The Basin, will accept payment in bitcoin.Mr Lincoln said standard settlement periods would have to go out the window in such a scenario.“What would become more common would be the ability to immediately settle. If they have a smart contract based on blockchain, within five minutes of knocking down hammer, both parties would be ready. I don’t believe you can have same day settlement … but in terms of what we’re going to see with blockchain is the ability to create that kind of transaction.”He said “for all this to become normal, it will actually have to get involvement from banks or lenders” allowing buyers to leverage their bitcoin holding.Among those calling for calm was financial expert Peter Switzer.“While I suspect cryptocurrencies are like most things modern and seemingly illegal, think Uber, Airbnb, etc. (which seemingly break laws that incumbent rivals have to adhere to) they will be here to stay. But the bigger question is: at what price? To buy bitcoin now is a punt and you could do okay but I’m more an expert on investment and that’s why I won’t invest in bitcoin at these prices,” was how he described his trepidation in a column.If you’re still determined to swap your slice of the Australian dream for bitcoin, ATO demands you record four things: Date of transaction, value in AUD (from reputable site), purpose of the deal, and “who the other party was even if it’s just their bitcoin address”. FOLLOW SOPHIE FOSTER ON FACEBOOK FREE: GET THE COURIER-MAIL’S REALESTATE NEWS DIRECT TO INBOX This six bedroom home in Mount Macedon, Victoria, is on the market for $2.5m or its equivalent in bitcoin.The Australian Taxation Office has been eyeing off bitcoin for a while and labelled it “akin to a barter arrangement, with similar tax consequences”.“Our view is that bitcoin is neither money nor a foreign currency, and the supply of bitcoin is not a financial supply for goods and services tax (GST) purposes. Bitcoin is, however, an asset for capital gains tax purposes,” according to an ATO statement.Finder.com.au insights manager Graham Cooke believes there’s no doubting the potential behind bitcoin — “unhackable” technology could revolutionise property and finance.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours ago“The blockchain essentially works as an unhackable record of transactions and interactions,” he said. “Blockchains are being developed today to keep track of property ownership records and to allow expatriates and immigrants to send funds home to their families faster and cheaper than ever before — this could have far wider implications than the cryptocurrency itself.”The fly in the ointment for real estate, according to Mr Lincoln, was that the risk would be on the buyer.“If you consider a price for a 30-day settlement, bitcoin on November 1 was worth $8,000 and if settling (at month end), it would have been valued at $12,000 to $14,000 depending on what time of day. You may value property at $800,000 on day one (100 bitcoin) and in 30 days that bitcoin value goes to $1.3m. If you’ve lost a 10 per cent deposit on an $800,000 investment that’s gone up to $1.3m, you’re going to walk way.”