Istanbul Handmade
Istanbul Was Named As One Of The World's Best Performing Traveller Destinations In 2011, Based Mostly On Mastercard's New Worldwide Index Of Global Destination Towns
Istanbul was named as one of the planet's top-performing holiday maker destinations in 2011, primarily based on Mastercard's new Worldwide Index of World Destination Cities, revealed on Wed.. The company envisioned that in 2011, Istanbul will be the city with the biggest growth in tourism expenditures -- up 30.1% compared with the previous year.
The Greek government concluded on Monday (June 6th) to sell its ten percent stake in Hellenic Telecomms (OTE) to Germany's Deutsche Telekom for 400m euros. After the deal, Greece will hold ten percent and one voting share in OTE, while Deutsche Telekom will control forty percent plus one vote. The remaining fifty percent are in the hands of world and Greek fixed investors.
The Albanian lek hit an all time record low Monday (June 6th), changing hands at 142.55 lek per EU Dollar. Matched against the start of 2011, the cost of the Euro dollar has increased by four leks.
The official minimum wage in Bulgaria will be raised from around 120 euros to 135 euros, P. M. Boyko Borisov claimed on Sun. (June 5th). He claimed the govt. will start procedures to implement the hike, which may take a few weeks.
Net 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 provide local support to advertisers in Croatia, Serbia and Slovenia. Also, Croatia has plenty of lovely summer destinations for visit. Many that come here, need buy some Croatia real estate. One of the few places left in Europe where buying a house or residence close to the sea is still cheap, Croatia enjoys acceptance with property buyers from around the world who appreciate the opportunity to own a home in a lovely, largely unspoilt country and also by the attractive potential investments returns.
It must have been a dismaying prospect for the first foreign owners who started buying property in Croatia in the late 1990s : selling property was a novel experience for many Croats and there would've been no help about what to do or where to go. However now things have changed significantly and there is a good deal of information available on the internet about the best way to buy and the way to navigate the bureaucracy.
One feature of the bureaucracy which is still proving irksome however is the requirement for foreigners to get government permission to own a property which can take anything from 18 months to 3 years to get, while it is never denied. This situation will continue for ECU citizens until 2009 when this law is due to be ditched as part of the EU accession arrangements. Until then consumers have a second option of setting up a Croatian limited company which permits the buyer to have immediate ownership. There are numerous firms who will perform this service including counsels, accountants and some estate agencies. The following table describes the benefits and drawbacks of the company route versus the private route.
An oddity of the Croatian property market is that when people wish to sell, they rarely give their property to one estate agent to market on an exclusive basis. More likely the seller will offer it to 2 or 3 agencies to sell, though it is not uncommon for the property to be offered to fifteen or 20 agencies! In any case, the property regularly finishes up in the hands of multiple agencies as the agencies who agree to market the property frequently pass it onto other agencies to maximise the quantity of folks who will hear about the property. The agents share the commission when the house is sold, so this arrangement is in the sellers interest while it often implies that he has no idea who is advertising his property, and more confusingly at what price it is being offered.
To be fair to the agents, the seller regularly adds to the confusion by telling the agents to "add your commission on top". For some agents this suggests add 2 percent, but unfortunately for others it implies adding twenty p.c. or more! Just to add to the perplexity, there are some unscrupulous agencies who pilfer the photographs and text from another agency's internet site and upload it onto their own site offering it at a really low price (which the seller would never accept) to draw in customers into the agency. It isn't difficult to spot these rogue agencies because they know nothing about the property and if they do take you to see the property, they won't be well placed to show you inside!
The USAID's Competitiveness Project Invention Centre has launched a new model to finance business start-ups in Macedonia. The first Business Angel Network comprises supposed "angel" investors -- businessmen and others willing to invest money, information, abilities and social capital in fresh and leading edge business concepts with high potential. The network in Macedonia already has 10 members, who are reviewing about 12 business suggestions.
Athens hosted a Hellenic-Chinese Business Forum on Monday (June 6th), drawing senior officials from over 60 leading Chinese companies searching for business ventures in Greece. Greece was represented by 187 enterprises. Areas of mutual interest include electrical and mechanical apparatus production, shipbuilding, energy, environmental technologies, telecomms, real-estate and tourism.
Many Albanians working in Greece are opting to come home among grave prospects and huge job cuts in the crisis-hit neighbour. Recent info of the Chamber of Industry and Commerce in Gjirokastra showed that during the past 2 months, forty smaller firms have opened in the city. According to gurus, these enterprises were opened by returning expats, who are now investing their savings in Albania.
Kosovo's Ministry of Economic Development articulated on Fri. (June third) that two companies will be competing for the privatisation of Kosovo's Post and Telecommunication Company (PTK). These are Croatia's Hrvatski Telekom, which is the property of Germany's Deutsche Telekom, and Telekom Austria. Albania's Albtelecom, Egypt's Oraskom and Yemen's Saba Telephone also filed documents in the tender for the nation's seventy five percent stake, but did not qualify, writes tagza.com.
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