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Istanbul Was Named As One Of The Planet's Best Performing traveller Destinations In 2011, Primarily Based On Mastercard's New Worldwide Index Of Worldwide Destination Towns
Istanbul was named as one of the planet's top performing visitor destinations in 2011, primarily based on Mastercard's new Worldwide Index of World Destination Cities, published on Wed.. The company predicted that in 2011, Istanbul will be the town with the biggest growth in tourism expenditures -- up 30.1% compared with the year before.
The Greek administration concluded on Monday (June 6th) to sell its 10% position in Hellenic Telecoms (OTE) to Germany's Deutsche Telekom for 400m Euro dollars. After the deal, Greece will hold 10% plus one voting share in OTE, while Deutsche Telekom will control 40 percent and one vote. The remaining 50% are in the hands of world and Greek prescribed shareholders.
The Albanian lek hit an all time new low Monday (June 6th), changing hands at 142.55 lek per Euro dollar. Matched against the beginning of 2011, the price of the euro has increased by four leks.
The official minimum wage in Bulgaria will be raised from around 120 euros to 135 EU Bucks, P. M. Boyko Borisov articulated on Sunday (June 5th). He revealed the government will start procedures to implement the hike, which should take one or two weeks.
Web giant Google will open an office in Zagreb by the end of June, Croatian Times reported on Wed. (June first). The office will serve the organization's operations and supply local support to advertisers in Croatia, Serbia and Slovenia. Also, Croatia has a large amount of beautiful summer destinations for visit. Many that come here, want buy some Croatia real estate. One of the few places left in Europe where buying a place or residence close to the sea is still reasonable, Croatia enjoys acceptance with property customers from across the world who appreciate the opportunity to have a house in a lovely, mostly untouched country and also by the tasty potential investments returns.
It must have been a daunting prospect for the first foreign owners who started buying property in Croatia in the late 1990s : selling property was a new experience for many Croats and there would have been no help about what to do or where to go. However now things have changed significantly and there is a good deal of info available on the internet about the way to buy and the way to navigate the bureaucracy.
One feature of the bureaucracy which is still establishing aggravating however is the need for foreigners to get govt. permission to own a property which can take anything from 18 months to 3 years to get, while it is rarely denied. This situation will continue for EU voters till 2009 when this law is lined up to be dumped as part of the ECU accession arrangements. Till then buyers have a second option of setting up a Croatian limited company which allows the buyer to have instant ownership. There are several firms who will perform this service including lawyers, accountants and some estate agencies. The following table describes the benefits and drawbacks of the company route vs the private route.
An oddity of the Croatian property market is that when folk wish to sell, they don't often give their property to one estate agent to market on an exclusive basis. More likely the vendor will be offering it to 2 or 3 agencies to sell, though it isn't odd for the property to be offered to fifteen or twenty agencies! Actually, the property regularly finishes up in the hands of multiple agencies as the agencies who agree to try and market the property frequently pass it onto other agencies to maximise the amount of people who will hear about the property. The agents share the commission when the house is sold, so this arrangement is in the vendors interest even though it usually implies that he doesn't have any concept who is advertising his property, and more confusingly at what price it is being offered.
To be fair to the agents, the vendor often adds to the puzzlement by telling the agents to "add your commission on top". For some agents this suggests add two percent, but unfortunately for others it implies adding twenty p.c. or even more! Just to add to the bafflement, there are some sneaky agencies who swipe the pictures and text from another agency's internet site and upload it onto their own site offering it at a really low price (that the seller would never accept) to attract customers into the agency. It's easy to spot these rogue agencies because they know little about the property and if they do take you to see the property, they will not be well placed to show you inside!
The USAID's Competitiveness Project Innovation Centre has launched a new model to finance business startups in Macedonia. The first Business Angel Network comprises so-called "angel" financiers -- businessmen and others content to invest money, data, abilities and social capital in fresh and cutting edge business concepts with high potential. The network in Macedonia already has ten members, who are reviewing about twelve business offers.
Athens hosted a Hellenic-Chinese Business Forum on Monday (June 6th), drawing senior officials from over 60 leading Chinese corporations looking for business opportunities in Greece. Greece was represented by 187 enterprises. Areas of mutual interest include electrical and mechanical equipment production, ship-building, energy, environmental technologies, telecommunications, property and tourism.
Many Albanians working in Greece are making a choice to come home among grave prospects and great job cuts in the crisis-hit neighbour. Contemporary information of the Chamber of Industry and Commerce in Gjirokastra proved that in the past 2 months, forty smaller enterprises have opened in the town. According to experts, these businesses were opened by returning expats, who are now investing their savings in Albania.
Kosovo's Ministry of Business Development announced on Friday (June 3rd) that two firms will be competing for the privatisation of Kosovo's Post and Telecommunication Company (PTK). These are Croatia's Hrvatski Telekom, which belongs to Germany's Deutsche Telekom, and Telekom Austria. Albania's Albtelecom, Egypt's Oraskom and Yemen's Saba Phone also filed documents in the tender for the nation's seventy five % stake, but failed to qualify, writes tagza.com.
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