Hungary and China have signed a loan agreement to finance the construction of a railway link between Budapest and Belgrade, Finance Minister Mihaly Varga announced on Friday.Varga said in a video on his Facebook page that the loan carried a fixed interest rate and an early repayment option but he did not say what the exact terms were.A key piece of data in the loan agreement is what interest rate Hungary will pay. Earlier this month, Hungary drafted legislation to classify all data included in contracts for the $2.1 billion, tax-payer funded rail project for 10 years.”We have a loan agreement that is advantageous and secure for Hungary,” Varga said in the video, adding that the terms of the loan were “favorable relative to the currently available debt financing conditions.”Some 85% of the financing comes from China as a loan, while 15% is provided by Hungary, he said.Varga said the new rail link, to be completed by 2025, would allow Hungary to be a center for European logistical networks as Chinese goods travel from Greece to western Europe. The 150-km (93-mile) Hungarian stretch of the railway will be built by CRE Consortium which includes holding company Opus Global, controlled by Lorinc Meszaros, an associate of Prime Minister Viktor Orban.The other half of the winning consortium is owned by China Tiejiuju Engineering & Construction Kft. and China Railway Electrification Engineering Group Kft., representing the Chinese state railways company.According to a statement by Opus in 2019, the holding company could earn revenues worth about 295 billion forints from the project over the planned construction period.The project has suffered significant delays. China, Serbia and Hungary signed a memorandum of understanding on the 370-km rail route in December 2014 in Belgrade. Topics :
The Indiana High School Athletic Association, with support of its Board of Directors and feedback from its Sports Medicine Advisory Committee, will continue to work in collaboration with Governor Holcomb’s office, the Indiana State Department of Health, and the Indiana Department of Education to provide guidance to its member schools during the COVID-19 pandemic.This Resource Center will continue to be updated with new information as conditions change during the COVID-19 pandemic. The IHSAA believes it is essential to the physical and mental well-being of student-athletes to return to organized physical activity and build team relationships with their peers and coaches. Students who participate learn life lessons in an environment that cannot be duplicated. Academic achievement, the development of leadership and social skills as well as the mental health benefits are known to be greatly enhanced in students who participate in these programs compared to those who do not. There is no doubt that the COVID-19 coronavirus pandemic has already resulted in thousands of our students missing out on these life-shaping educational experiences over the past several months. A study conducted by UW Health & the University of Wisconsin concluded that more than two-thirds of high school athletes report anxiety and depression since the onset of the pandemic. Another report by the group measured the impact of School Closures and Athletic Cancellations on the health of Indiana adolescents.The IHSAA fully supports its member schools in determining what is in the best interests of the health and well-being of their student-athletes and staff. Each IHSAA member school’s athletic department will operate with the approval of its school administration in moving forward throughout the 2020-21 school year. It will be the decision of each local school district to determine if they can safely conduct athletic practices and contests.Due to the nature of the outbreak, there may be inequities due to geography within the state of Indiana as some areas will have higher COVID-19 rates that may not warrant full athletic participation while another area has lower COVID-19 rates that allow full participation.For workouts, practices, and competitions to continue, social distancing and other preventive measures such as face-covering/masking and frequent sanitizing of hands, implements, and equipment are strongly encouraged. This will likely remain in place until a cure, vaccine or very effective treatment is readily available, or so-called “herd immunity” is confidently reached.As the science about COVID-19 evolves, it will be important to remain vigilant and nimble to respond to newdevelopments. Students and their families, along with school personnel, must recognize these risks and implement best practices to reasonably mitigate these risks. Participation in school activities is voluntary and every individual will need to evaluate the risk versus the benefits of athletics participation. Those immune-compromised students and staff, or those who live with family members with elevated health concerns, should evaluate associated risks of participation and may choose not to participate.According to the Center for Disease Control and Prevention (CDC), the virus that causes COVID-19 is thought to spread mainly from person to person, mainly through respiratory droplets produced when an infected person coughs, sneezes or talks, and also may be produced when yelling, cheering, singing and spitting. These droplets can land in the mouths or noses of people who are nearby or possibly be inhaled into the lungs. Spread is more likely when people are in close contact with one another (within about six feet). Risk mitigation strategies should be aimed at reducing the likelihood ofa person being exposed to respiratory droplets coming from another person. Every school is different, and every athletics activity is different. Certain mitigation strategies may be feasible in one school or for one activity, but not another.We are also providing sport-specific recommendations and/or considerations that our team has developed inconjunction with the National Federation of State High School Associations (NFHS) or a similar governing body. These documents have been shared with member school administrators and links are available below. Note that a rule modification is a modification to a playing rule from the governing body of the sport and is a requirement to adhere to and follow. A recommendation is a consideration to the sport and allows for optional guidelines. Recommendations are not required but are permitted.Again, this Resource Center will be updated as necessary.
Hikers male team dominate, but females edged by GCC Spice on opening nightTHE annual Noble House Goals Galore Indoor Hockey Championships got off to an exciting start on Tuesday at the National Gymnasium with reigning champions Pepsi Hikers posting the most emphatic performance of the evening with 19 unanswered goals.The tournament, which follows the unique concept of teams being awarded goal handicaps at the beginning of the tournament, allows junior sides to compete against the more mature and experienced sides.The top-ranked Pepsi Hikers entered their match against Old Fort Gosh with a 14-goal deficit due to the handicap given to the younger side.Hikers dominated possession and made it a long night for Gosh, as they were subjected to chasing the ball around the floor and taking it out of the back of their own net.The Hikers side had scored eight goals by the half to make it 14-8 in favour of Gosh, and would go on to net 11 more in the second half against a tiring young Gosh team to come out with the 19-14 victory.National striker Aroydy Branford led all scorers with eight goals, Jamarj Assanah, Shane Samuels and Andrew Stewart each had hat-tricks while Devin Munroe and Robert France scored one each, all for the Hikers.The most exciting women’s match of the evening saw GCC Spice (+2) try to hold off Woodpecker Hikers (+4).This match seemed to be a foregone conclusion as Hikers scored three unanswered goals in the first seven minutes of play to make up the deficit and take the lead by 5-4.A Nicole Eastman penalty corner in the third minute, a Kenisha Wills finish off a Maria Munroe pass from the right in the 5th and a Latacea Chung goal in the 7th seemed certain to assure the Hikers an easy victory.Spice finally found the Achilles heel of the Hikers, however, in the 16th minute, as Tiffany Solomon managed to squeeze past Latacea Chung on the goal line with a low penalty corner flick to even the score at 5-5.Spice managed to neutralise the potent Hikers attack of the first half and threw the game out of balance once again with a second penalty corner goal by Solomon 8 minutes into the second half. The final 12 minutes of the match failed to produce any goals, leaving the GCC Spice the victors by 6-5.The youngest men’s side in the competition, Old Fort Warriors (+20), suffered an opening defeat to senior counterparts Old Fort Damn (+8) with the latter securing a 24-20 win.With the Warriors starting the match with 20 goals in their favour due to the handicap, they were the only side to score with seven in the first half and nine in the second for the win.SHC Old Dogs (+12) managed to overcome the HHC Recruits (+14) by 17 – 16 in the final men’s clash of the evening while the Old Fort Shooting Stars upstaged the youthful GCC Spartans by 14-13 in a ladies’ matchup.The tournament continued last evening and games will also be played tomorrow and Saturday of this week with the final scheduled to begin at 18:40hrs on Saturday.