Europe Real Estate News
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Europe Real Estate News |
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BT pension scheme to sell UK real estate investments
Pension fund manager said on Monday that it has put some of its British real estate assets worth 240 million pounds ($489 million) up for sale to fund property purchases abroad.
Bank's strife may shake UK confidence
Britain attempted Monday to contain a run on the country's fifth largest mortgage lender amid fears that a sustained panic could damage the national economy should it further undermine the confidence of investors and consumers.
UK Company Offers Shares of Real Estate
Diversifying into the residential real estate market has been simplified by the creation of The Property Investment Market (TPIM).
Spanish Real Estate companies in crisis
As many as 75 percent of agencies could close between 2009 and 2014 according to a new report Three in ten real estate agencies in Spain are set to close this year, as the sector enters into a crisis following a fall in demand.
First Online Spanish Property Auction House
There is good news at last for the Spanish property market with the announcement of the first online auction service dedicated to UK buyers and sellers of residential homes in Spain.
Spanish property prices continue to fall
Property prices in several key Spanish real estate markets have continued to fall over the previous three months, according to Spanish property portal Idealista.com.
Spanish Villas - All That you Wanted
Sometimes we come across places during our holidays and trips that strike us in a way we have never been touched before. It is then that a sudden desire to treasure a piece of that earthly paradise arises in our minds and prompts some of us, almost hypnotically to own our own space in that place.
Finding Paradise in Sweden
With their new house, Michele Anenberg Poma and Stefano Poma have bought themselves a piece of the Swedish dream In February, when they first saw the newly renovated white wooden house, they fell in love. It was built in 1921 in Lannersta
Jelmoli says will not renegotiate real estate deal
Switzerland's Jelmoli has turned down a request by the buyers of its real estate portfolio to renegotiate the deal given credit market turmoil, saying it would stick to the sale price. "Jelmoli will not consider any renegotiation of the agreed terms," the former retailer said on Friday.
High-rise projects multiply
In a departure from traditional Swiss planning, developers appeal to businesses who want their "place in space," offices elevated above the rest of the city with a panoramic view. Switzerland is succumbing to high-rise fever.
Akara Province in Turkey Sold For $657 in Real Money
Akara, Turkey is the latest province to sell in the only virtual world based on the real world. Weblo.com has been compared to SecondLife.com but that game is based on the sale of fantasy islands. Weblo is the only virtual world where every real city, state and property is for sale.
Corio may invest about $500 million in Turkish shopping centers
Corio NV, the largest Dutch developer, may invest about $500 million in six Turkish shopping centers and other projects, double the amount it's spent so far in the country, Chief Executive Officer Jan de Kreij said.
Booming Ukraine Property in Kiev & Carpathian Mountains
Ukrainian website Kiev Weekly has noted in several articles recently the trend of rising prices and what it has done to property investors in the capital city. With prices rising in the city so much, many people are now looking to rent instead of buying.
Commerzbank in $600m Ukraine buy
Commerzbank is buying a 60 per cent stake in Ukraine’s Bank Forum for $600m, the German group said on Tuesday, the latest in a flurry of purchases by European banks seeking to gain exposure to the former Soviet republic’s promising banking market.
European buyers are pushing prices up in Slovenia
Slovenia’s real estate market has opened up to EU nationals and in joining the EU in 2004, Obelisk International shows that keen buyers are warming up to Slovenia’s property investment market.
Run-off likely in Slovenian presidential vote - polls
Slovenian presidential elections next weekend will likely lead to a run-off vote as none of the seven candidates is expected to win an absolute majority, opinion polls show.
Slovenia opens new embassy in Washington
Slovenian Foreign Minister Dimitrij Rupel opened a renovated building that will host the Slovenian Embassy and the ambassador's residence.
Slovakia: Inflation slightly higher than expected
The Slovak Statistical Office released consumer price inflation (CPI) figures for September this morning. Headline inflation came out at 2.8% y/y, slightly higher than our and consensus forecast of 2.7% y/y and accelerated from August’s 2.3% y/y.
Slovakia could lose seat in European Parliament: MEP
Slovakia could lose one of its 14 Members of the European Parliament following voting on a draft amendment to the treaty establishing the European Parliament scheduled for Oct 11, Christian Democrat (KDH) MEP Anna Z?borsk? said on October 9.
Montenegrin leaders agree on new constitution
Podgorica, Montenegro - Montenegro's ruling coalition and a leading opposition party said they had reached an agreement to finally pave the way for the country's new constitution, local media reported Wednesday.
Montenegrin Foreign Policy Defined
Podgorica_ Montenegrin foreign policy is orientated towards joining the European Union and NATO, and improving relations with neighboring countries, according to a draft document issued by the government.
San Marino ratings affirmed with stable outlook - Fitch
MUMBAI (Thomson Financial) - Fitch Ratings affirmed the Republic of San Marino's long-term foreign currency issuer default ratings at 'AA' with a stable outlook. Fitch also affirmed San Marino's short-term IDR at 'F1+', and country ceiling at 'AAA'.
EU to warn Montenegro on euro
Montenegro’s use of the euro as its national currency is incompatible with European Union law, the bloc’s finance ministers are set to warn. The Balkan state of 623,000 people unilaterally adopted the single currency in January 2002, when euro bank-notes and coins started circulating in the then 11-nation eurozone.
Moscow Ranks in Middle of European Real Estate Prices
According to the European Council of Real Estate Professionals (French abbreviation CEPI), the cheapest housing in a European capital is in Vienna, Vilnius and Budapest (€700-800 per sq. m.) and the most expensive is in Rome, Paris and Copenhagen (€11,500-15,00).
Real Estate Web Portal Kicks Off in Russia
Having conquered several key markets in Eastern Europe, City24, an international network of real estate portals, has launched operations in Russia. The project was unveiled in Moscow Tuesday by Ismo Repka, director of Alma Media Interactive, a subsidiary of City24's parent company, Finland's Alma Media group.
St. Petersburg Russia Thriving Real Estate
The northwest Russian city of St. Petersburg has always been a favorite for tourists and travelers, with its elegant old buildings and spectacular sights, such as the Hermitage Museum. Now, though, it is becoming an increasingly popular place for international real estate investors.
CC Romania hires Salans real estate partner
Clifford Chance (CC) has bolstered its Romanian arm with the hire of a real estate partner from Salans. Perry Zizzi joined the magic circle firm earlier this week (1 October) and will become the fifth partner in the Bucharest office.
Former Polimeni head founds real estate firm
Stefan Gheorghiu, a former country manager with US-based Polimeni, which has recently withdrawn from the Romanian market, has set up his own real estate development company and plans to carry out projects worth 220 million euros.
Portugal government says to sell 5 pct of EDP
LISBON, Oct 11 (Reuters) - Portugal will sell 5 percent of power company EDP (EDP.LS: Quote, Profile , Research) in convertible bonds and remain with a stake of about 20 percent, the country's Socialist government said on Thursday.
Portugal gets budget deficit back within eurozone ceiling of 3 percent
The Socialist government's economic reforms and austerity measures enabled Portugal to cut its state budget deficit to 3 percent of gross domestic product this year, bringing it back in line with rules governing countries that use the euro currency, the prime minister said Thursday.
The Real Estate Voice Unstoppable Office Market
Warsaw's office space boom showed no signs of abating during the first half of the year, according to a report by international real estate services company DTZ. The city had almost 2.65 million sq m of office space at the end of June.
Goodman beefing up operations in Poland
Goodman Group, which manages logistics real estate, has bought a 31.5 ha landsite in Modlniczka near Krakow. The company intends to build almost 158,000 m? of warehouse space in the town at an anticipated cost of around €80m.
Denies Bursting Bubble in the Real Estate Market
Norwegians primal concern is to live, not to make money on real estate. Therefore, the real estate market will not have the bursting effect of a “bubble”, according to forecaster, Bjoern Erik Oeye. Harald Magnus Andreassen in First Securites identifies a bubble by using 10 chacteristics.
Norway boasts more billionaires
A new ranking of Norway's richest individuals shows a net addition of 40 billionaires, and a 23 percent jump in their collective wealth. A booming, oil-fuelled economy has helped make the rich richer in Norway.
Cabinet Falls Out of Favour in the Netherlands
Less than a third of Dutch adults are satisfied with the country’s current political administration, according to a poll by TNS Nipo released by RTL. Only 27 per cent of respondents have confidence in the cabinet, down five points since June.
Credit Europe Bank from the Netherlands opens
The Dutch bank, Credit Europe Bank N.V., a specialised niche player with a proven track record in international trade finance and retail banking, recently officially opened its Malta branch at 143/2 Tower Road, Sliema.
Monaco hedge fund building stake in Rock
HIGH street lender Northern Rock saw its share price surge by more than a quarter yesterday after it emerged a Monaco hedge fund had amassed a four per cent stake in the business.
Reinsurers hazard big money outside Monaco casino
The annual gathering of the global reinsurance industry in Monaco is an arcane, 50-year-old ritual of lavish parties and secret tete-a-tetes where the industry negotiates renewal contracts for the coming year.
Moldova is open to the World, president says
Moldova is open to the world. It is a member of the World Trade Organisation with a low level of tariff measures for the protection of the internal market...
World Bank to give Moldova 10-million-dollar credit
The World Bank (WB) will provide Moldova with a credit of up to ten million dollars to support the worst hit farmers by this year s drought, WB Regional Director for Ukraine, Belarus and Moldova Paul Birmingham today told a news conference.
Malta to decide on referendum
The fight over the public's input into the proposed Malta Community Center expansion goes another round Monday morning. The Town Board will vote at 8:30 a.m. in Town Hall on whether to accept a petition demanding a December referendum on its decision to expand the center.
Ministry challenges Malta Labour Party
The Health Ministry said Michael Farrugia, the MLP’s spokesman on health, should be aware that the operations being carried out were in their majority a result of the successes being achieved in the sector and as a result of new services.
European Parliament approves Malta's sixth seat
Malta was yesterday assured of an additional MEP from 2009 onwards as the European Parliament gave its consent to a new distribution of seats between the EU's 27 member states.
Central Bank of Malta statistics for August
Broad money (M3) continued to increase robustly, putting on Lm84.4 million, or 2.5 per cent, in August. As a result, its annual growth rate accelerated to 11.7 per cent from 10.0 per cent in the previous month.
Macedonians Have Grim View of Status Quo
Few people in Macedonia think their country’s economic conditions have improved over the past year, according to a poll by the Institute for Democracy. Only 26 per cent of respondents in the former Yugoslav republic believe things are getting better.
Zero tolerance for corruption in Macedonia
Macedonia has begun developing a front against corruption, but there is still lot of work to be done in terms of securing the independence of the investigative and judicial institutions, strengthening of NGOs and democracy.
Luxembourg wants stronger economic ties with VN
A Luxembourg minister stressed here yesterday that his country would seek to foster economic ties with Vietnam, and several business cooperation activities would be staged during his five-day visit here.
Dresdner Bank Luxembourg chooses Thaler in SaaS mode for new Belgian subsidiary
Callata? & Wouters and Clearstream Services today announced that Dresdner Bank Luxembourg has selected Thaler Wealth Management in SaaS mode to manage all its wealth management activities for its new activities in Belgium.
Lithuania swamped by cash sent from Ireland
Money being sent home to Lithuania from workers living in Ireland is causing problems for the stores there. Prime Minister Gediminas Kirkilas has revealed the flood of cash has created a "challenge" for Lithuanian shops who are not used to people having such high disposable incomes and are struggling to keep up with demand for material goods.
Lithuania: a steady growing economy
Lithuania is a country with a low risk at political and economic levels, and with a growth rate among the highest in Europe.
Lithuania's inflation not expected to decline in near future - Moody's
MUMBAI (Thomson Financial) - Moody's Investors Service said distinct improvements in Lithuania's fiscal policy and structural reforms have led to a gradual reduction in government debt relative to GDP and revenues.
Liechtenstein's VP Bank opens asset management co in Hong Kong
VADUZ, Liechtenstein (Thomson Financial) - Verwaltungs- und Privat-Bank AG (VP Bank) said it opened an asset management company in Hong Kong as part of a move to expand its market in the Middle East and Asia.
Baloise to set up life insurance unit in Liechtenstein
Swiss insurer Baloise Holding said it will set up a life insurance unit in Liechtenstein, Baloise Life, in order to tap the fast-growing market for investment-linked life insurance in Europe. The decision to set up a unit in Liechtenstein was partly based on the possibility to provide cross-border services from the country.
Latvia's high inflation tests the ruling coalition
Latvia's annual inflation reached a 10-year record of 11.4 per cent in September, the national statistics office said on Monday, putting further pressure on the centre-right government.
Latvia President Wants Wage Freeze
Latvia's new president, Valdis Zatlers, is calling for a voluntary wage freeze in Latvia as the Baltic country's runaway inflation spurs worry and talk of devaluing its currency, which has been pegged to the euro since 2005.
Latvia's Jan-Sept national budget fiscal surplus 402.5 mln eur
RIGA (Thomson Financial) - In the first nine months of 2007, the fiscal surplus in Latvia's national budget amounted to 282.871 mln lats (402.491 mln eur), growing 20.763 mln lats from the previous month, the official budget performance figures released by the State Treasury suggest.
Central Jersey Bank, N.A. Announces the Establishment of Small Business Administration Department
James S. Vaccaro, President and Chief Executive Officer of Central Jersey Bank, N.A. (Nasdaq:CJBK), is pleased to announce the introduction of Central Jersey Bank, N.A.'s Small Business Administration (SBA) Department and the addition of Andrew M. Glatz, Senior Vice President, SBA Lending, to its senior management team.
It sounds like a joke poking fun at New Jersey's soiled political reputation
It sounds like a joke poking fun at New Jersey's soiled political reputation: Government corruption is so widespread in the state that it alone cannot turn off scandal-weary voters.
The New Way to Buy Luxury Italian Property in Tuscany
Tuscany, the Italian land of vineyards and artists, has always been a popular place for foreign visitors. Many of those who come, drawn in by the beauty and way of life, want to settle here, either permanently or with a second home.
Italian Government Cuts 2008 Economic Growth Forecast
The Italian government cut its forecast for economic growth next year and said increased public spending will contribute to a higher debt than previously predicted. The $1.8 trillion economy will expand between 1.3 percent and 1.6 percent next year
Isle of Man takes swift action to update funds regime
The Isle of Man, which has seen alternative fund assets grow from USD7bn in 2003 to a current level of USD50.1bn, is aiming for an ambitious total of USD100bn under administration and USD50bn under management by the end of 2010 through a new drive to update its funds regime and attract both asset managers and fund domiciliation to the island.
New head for Isle of Man Finance
John Spellman has been appointed as director and head of Isle of Man Finance on a two-year contract with a brief to review the strategy and operations of the organisation. Isle of Man Finance is a division of the island's treasury department responsible for promoting and developing financial services.
Ireland set to lose one MEP seat
Ireland is set to lose one MEP seat following a vote by the European Parliament today in Brussels. The vote on a redistribution of seats is to better reflect the population sizes among the 27 member states of the EU. The final decision will be taken by an EU heads of government summit in Lisbon next week.
Ireland looks to borrow at least €3bn from banks
IRELAND plans to launch its biggest ever foray into the market for government loans, seeking to borrow at least €3bn from international banks. The move has been prompted by the fact that some €6bn of the country's €36bn national debt is due for repayment this month.
Real Estate Market in Iceland on a Roll
The year-to-date turnover from certified sale contracts for real estate in Iceland was nearly ISK 321 billion (USD 4.9 billion, EUR 3.5 billion) as of September 7, compared with an annual turnover of ISK 269 billion (USD 4.1 billion, EUR 3.0 billion) in 2006.
Icelandic banks defy credit squeeze
Icelandic banks should be lying low in the current credit market, given that they took a battering last year when sentiment towards the country suddenly turned. Yet Kaupthing, Glitnir, Landsbanki and Straumur-Burdaras are still on the acquisition trail.
Business Growth and Development in Iceland
Iceland can more be called a volcanic island rather than a country and it lies in the northern direction in Atlantic ocean, eastern direction of Greenland and just south of the arctic circle. Its distance from New York is about 4200 kilometers [2600 miles] and 830 kilometers [520 miles] from Scotland.
Many Slovaks buying Hungarian property
The traditional Hungarian border region of Transdanubia, and the part near Bratislava in particular, has seen a property boom lately, with Slovaks buying houses and land worth a total of Sk250 million (€7.4 million) over the past 12 months, real estate agents confirmed on September 19.
Citizens' forum held on Hungary as EU member
Budapest, October 13 (MTI) - Foreign Minister Kinga Goncz opened a citizens' forum discussing Hungary's European Union membership, in Parliament on Saturday. The forum, organised by the European Commission Delegation to Hungary and the European Parliament's information office in Budapest
Hungary monetary base down HUF 6.8 bn in Sept - cenbank
Hungary's monetary base fell by HUF 6.8 billion to HUF 2,720.7 billion in September 2007, the National Bank of Hungary (NBH) has reported on Friday.
Guernsey funds industry posts major growth
The Guernsey fund servicing industry grew by 45 per cent to reach US$ 275.4 bn in net assets (?137.1 bn) over the year to 30 June 2007, according to the latest research from sector analyst Lipper.
Guernsey accused of stifling business
Business leaders and politicians in Guernsey have been subjected to a mock public trial over whether they were guilty of closing the island to new business.
Dynasty politics in Greece challenged
Greece's main opposition party, PASOK, lost its second election in a row on September 16th, and its chief, George Papandreou, now faces challenges to his leadership. Factions within the party have formed since the vote, and tensions are mounting.
Incumbent victorious in Greece
Greece's ruling conservatives on Sunday won a fiercely contested election overshadowed by the summer's devastating wildfires, scoring a victory despite widespread public discontent that gave a boost to smaller political parties.
Gibraltar votes in close run election
Citizens of Gibraltar voted in an election on Thursday with the social democrat Chief Minister Peter Caruana, and his rival, socialist Joe Bossano, neck and neck in a recent opinion poll in the disputed British territory.
Gibraltar election hits YouTube
Gibraltar's General election campaign has now taken a new route with video clips seen at both the GSD and GSLP/Liberal party meetings now broadcast on YouTube.
Property funds set sights on Germany
THE dwindling supply of investment-grade stock in Australia has pushed local property funds to buy overseas and Germany is one of the flavours of the year. In the past year
German bank SachsenLB to be taken over
Germany's Landesbank Baden-Wuerttemberg will take over SachsenLB, a smaller public-sector bank that has been buffeted by its exposure to the U.S. subprime credit crisis, a German state governor said Sunday.
Georgia's ex defense minister quits politics - associate
Georgia's former defense minister Irakly Okruashvili, who set up the "Movement for United Georgia" Opposition Party has decided to quit the political arena at this point, one of the Party leaders, lawmaker Koka Guntadze, told a news briefing here on Thursday.
Political Battles in Georgia: Will anyone emerge as a winner?
In September 2007, the co-rapporteurs of the Parliamentary Assembly of the Council of Europe (PACE) praised Georgia for its “stunning progress” in its reforms since the Rose Revolution, citing the country as an example for the whole region and beyond.
French Economic Growth to Slow in 2007
French economic growth will slow this year as higher borrowing costs stemming from the plunge in U.S. subprime mortgages curb real-estate spending, the French statistics office said, lowering its previous forecast.
Celebrities at St Tropez an Award Winning French Real Estate Agency
The French resort of St. Tropez is one of the hottest places for celebrities and those who want to get a glimpse of them. Every summer, some of the most well known and not so well known stars gather in this sun-drenched town along the Mediterranean coast of France.
French property: the Burgundy boom
Burgundy may be most famous for its wines, but it’s also becoming well known among UK buyers for its affordable properties and superb location. Only two hours south-east of Paris, the gastronomic heart of France ideally positioned for easy access to the rest of Europe, and to the UK, thanks to the international airport at Dijon and fast, regular rail links.
Finland's Tuomioja to be Nordic Council president
Finland's ruling coalition agreed on Tuesday to name the former foreign minister Erkki Tuomioja (soc dem) president of the Nordic Council. Finland will take over the revolving presidency of the Nordic Council next year.
Bank of Finland sees Russian wood duties costing up to 16000 jobs
Erkki Liikanen, the Governor of the Bank of Finland, expects Finland's long period of strong economic growth to end in the coming years. Factors slowing down growth include the upcoming mass retirement of members of the postwar baby boom generation.
Estonia: Another inflation shock
Today we received September inflation numbers for the Estonian economy. Price growth yet again surprised on the upside, as CPI came out at 7.2% y/y (1.1% m/m) - somewhat above our expectation of 6.6% y/y (0.5% m/m).
Estonia Holds Up Gazprom-Backed Pipeline to Germany
Estonia rejected a request by an OAO Gazprom-backed pipeline project to survey the seabed off its coast, threatening to delay plans to ship Russian gas directly to Germany.
EU referendum question opened in Denmark
In a surprise move, the political spokesperson for the governing conservative party in Denmark, Pia Christmas-M?ller, has spoken out in favour of a referendum on the EU's Refom Treaty, calling it 'idiotic' not to put it to a public poll.
Social Democrats Barely Ahead in Denmark
The opposition Social Democracy in Denmark (SD) is slightly ahead in the Scandinavian country’s political scene, according to a poll by Megafon released by TV2. 26.6 per cent of respondents would vote for the Social Democrats in the next legislative ballot.
The World Bank: Denmark has Europe’s best business climate
According to the World Bank’s new report ”Doing Business 2008” Denmark is the best country in Europe in which to do business. According to the World Bank’s new report ”Doing Business 2008” Denmark is the best country in Europe in which to do business, writes the World Bank in a press release publishing the new report.
Ruling ODS Still Ahead in Czech Republic
The Czech Republic’s governing party is holding on to first place in the European country’s political scene, according to a poll by Median. 34.1 per cent of respondents would back the Civic Democratic Party (ODS) in the next legislative election, down 1.1 points since September.
Analysts expect Czech inflation to peak next year
Prague, Oct 8 (CTK) - September inflation in the Czech Republic suggests that consumer price growth will accelerate further in the rest of the year, and analysts polled by CTK predict it above 3 percent already in October. In the beginning of next year, it may reach 5 percent, they said.
Opposition Gaining in Czech Republic
The main opposition party in the Czech Republic has improved its standing this month, according to a poll by Factum Invenio. 33 per cent of respondents would back the Czech Social Democratic Party (CSSD) in the next legislative election, up 2.3 points since August.
Cyprus Property Sale. the Goal Post are Moving
The Cyprus property market continues to grow at an unprecedented rate and shows no signs of slowing down in the near future. Buyers are continuing to snap up luxury Cyprus villas and apartments almost as quickly as the developers are churning them out.
Cyprus house prices up 0.6% in August
Residential property prices rose month on month by 0.6% in August 2007,according to the hedonic BuySell Home Price Index. The BuySell Home Price Index reached 129.79 (+8.5% year-on-year) increasing the Average Home Price in Cyprus according to the index to CYP 101,119 .
Finding Property Developer Deals in Cyprus
Cyprus property developer numbers have increased dramatically over the last five years as the demand for apartments and villas continues to outstrip the supply. As always property or real estate as it is also known remains a solid long term investment traditionally yielding returns far in excess of money in the bank.
Croatia's politics
Ahead of the parliamentary election, now expected on November 25th 2007, the opposition Social Democratic Party (SDP) has consolidated its poll lead over the incumbent Croatian Democratic Union (HDZ). The SDP first opened up a clear lead over the HDZ during the first half of 2007
Social Democrats Hold Lead in Croatia
Abstract: (Angus Reid Global Monitor) - The governing Croatian Democratic Union (HDZ) is trailing an opposition party by a small margin, according to a poll by Puls published in Jutarnji list. 30.8 per cent of respondents would back the opposition Social Democratic Party (SDP) in the next general election.
Bulgaria's Kremikovtzi on the market?
Everybody who has taken the care to look at Sofia’s land map knows that the city has developed mainly to the south, the west and the north but never to the east.
Property Expo to Show Bulgaria's Real Estate market novel ties
More than 100 companies from Bulgaria and the region will take part in the second edition of the real estate and zoning plans expo BalPEx.
Money vs value in Bulgaria
A month before the municipal elections in Sofia and it seems that the most difficult thing for municipal councillors is not to predict who will be Sofia’s next mayor but to decide the value of Sofiyski Imoti (SI) municipal company.
EUFOR to Allow Bosnia Control over Arms Movements
Sarajevo _ The commander of the EU-led EUFOR peacekeeping force in Bosnia has said agreement may soon be reached on handing control over the movement of military equipment to the local authorities.
Pro-entity politicians stall Bosnia and Herzegovina's EU progress
A country with an outstandingly complicated government structure, Bosnia and Herzegovina (BiH) has been facing particularly slow progress in recent months. The election campaign last year was marked by a return to inflammatory, ethno-nationalist rhetoric, and the political climate has continued to deteriorate.
IFC Helps Bosnia and Herzegovina’s Mostar Improve Its Business Environment
IFC, a member of the World Bank Group, has signed an agreement with the city of Mostar in Bosnia and Herzegovina, marking a joint commitment to improve the business enabling environment. With more than 100,000 inhabitants, Mostar is the economic center and the largest city in Herzegovina.
Belgium tries to dampen crisis talk
Brussels - Foreign Minister Karel de Gucht has told Belgian embassies how to handle queries on their current political crisis, his ministry said, amid calls in some quarters for the country to split. “It is clear that our country will have a government in good time,” De Gucht wrote in a memo to Belgian envoys.
Belgium's Leterme gets second chance to break political deadlock
Top Flemish politician Yves Leterme Sunday faced the tough task of forming a new coalition government after Belgium's King Albert II gave him a second chance to break a lingering political deadlock.
Microlending bank nearly open in Belarus
The foundation of a Belarusian microlending bank is close to completion, Advisor for Economic Affairs of the International Finance Corporation Ruslan Mikhtiev told a seminar in Minsk on October 10.
Belarus Picks Out China’s Yuan as Reserve Currency
The National Bank of Belarus has made China’s yuan one of reserve currencies, the bank announced officially. The previous reports were that Belarus may add China’s yuan and Japan’s yen to the reserve list.
TBC Bank has not yet applied The National Bank of Azerbaijan for permission to open branch in Baku
Baku, Fineko/abc.az. In spite of decision of 4th session of Intergovernmental Commission for Economic Cooperation between Azerbaijan and Georgia, Georgian TBC Bank is still far from opening of the branch in Baku.
ADB providing credit to SME sector in Azerbaijan
The Asian Development Bank (ADB) is providing small and medium enterprises (SMEs) of Azerbaijan access to affordable credit to help the Central Asian nation develop industries beyond the oil sector. ADB is extending up to US$6 million in loans to Azerbaijan's Bank of Baku
Financial Times Deutschland: Azerbaijan to Invest in Europe
Azerbaijan, Baku / corr Trend E.Huseynov / A German daily newspaper published an interview with the Azerbaijani President Ilham Aliyev on Baku’s plans to invest oil revenues in the economy of Germany and Europe.
Conwert refocuses to fully integrated real estate offerings
VIENNA (Thomson Financial) - Austria's conwert Immobilien Invest AG said that it intends to expand its focus beyond real estate investments to also include property management and other real estate services.
Government team presents investment opportunities in Austria
Government team, led by Vice Premier Zoran Stavreski presented Wednesday in Vienna Macedonia's story as a successful business destination before representatives of largest Austrian companies.
Armenia welcomes 'genocide' vote
Armenia's president has welcomed a vote by US lawmakers backing the description of the mass killings of Armenians by Ottoman Turks after 1915 as genocide.
Armenia to hold rotating chair in CSTO next year - Bakiyev
Next year Armenia will hold a rotating presidency in the Collective Security Treaty Organization (CSTO), the president of Kyrgyzstan, which currently chairs the CSTO, said Saturday. "Next session will be held under Armenia's chairmanship," Kurmanbek Bakiyev said at the CSTO summit in Tajikistan's capital of Dushanbe.
World Bank Again Defends Use Of Armenia Water
The World Bank on Thursday again shrugged off embarrassing allegations about gross misuse of a $30 million loan to Armenia that were first made by an Armenian parliamentary commission in 2004 and have resurfaced in recent weeks.
New Drive to Tackle Corruption in Albania
Suzana belongs to a section of Albanian society often referred to as “owners without property”. As she talks about her long legal battles her expression becomes sombre and she gazes into the distance. “I am the granddaughter of Muharrem Bajram Demneri, a family name as old as the city of Tirana.
World Bank backs Albania infrastructure projects
Albania has received fresh promises of support for its infrastructure projects from the World Bank, after Prime Minister Sali Berisha, met with the Bank’s chief, Robert Zoellick, and other officials in New York.
Euro Hits All-Time High Against Dollar
Europe's common currency on Wednesday, Sept. 12, climbed to a new all-time high of $1.3878 amid speculation that the US Federal Reserve is getting ready to cut interest rates.
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