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Tuesday, April 12, 2005

New Flight Routes Planned to Croatia

Mar 19, 2005

EasyJet is in talks with Pula Airport in Istria to start daily flights from the UK. A decision is expected by the end of 2005.

GB Airways, the BA budget franchise partner, has announced daily flights from Manchester to Dubrovnik starting in May 2005.

British Airways has also announced that the number of flights from Gatwick to Dubrovnik will increase from 3 to 5. British Airways is also introducing 3 direct flights per week from Gatwick to Split.

Croatia Airlines will fly once a week from Heathrow and Manchetser to Split and from Gatwick and Manchester to Pula (Istria).

© Copyright 2005 Sunshine Estates

Hungary’s Parliament Rejects Move To Revive Capital Gains Tax

by Ulrika Lomas, Tax-News.com, Brussels
04 November 2004

The Hungarian parliament on Tuesday approved a motion tabled by a junior partner in the governmental coalition that will prevent the reintroduction of a capital gains tax.

In a bid to reconnect with its core working class vote, the ruling Socialist Party had announced earlier in the year that consideration was being given to the reintroduction of the 25% capital gains tax, abolished in 2003.

However, the proposal was widely condemned by the investment community, the Budapest Stock Exchange and the government’s coalition partner, the Free Democrats which submitted the motion.

Commenting on the parliamentary vote, Finance Ministry spokesman Ferenc Pichler stated: "This means there will not be a capital gains tax."

Pichler added that the impact on the government’s 2005 budget will be minimal as the tax would have added relatively little to its revenue intake.

InvestSlovakia helping British and Irish buy into Eastern European Proeprty Markets

With many analysts and investors believing that the property market in Ireland and the UK has reached a plateau, interest has grown in Eastern Europe and we believe that these markets offer excellent investment property and real estate opportunities over the medium/long term. We provide many investment options to our Irish and Uk investors - residential, including new developments and quality second hand apartments in centrally located areas as well as a range of commercial assets.

In partnership with our overseas teams we offer local financing possibilities, tax planning service and legal support for the prospective property investor.

Our activity includes a BTL (Buy to let) activity followed by management of the property and offers the investor ways to finance his investment locally and plan his tax duties in an intelligent manner. We at all times endeavour to match investment options to our client's exact requirements - thereby providing the best possible service to our clients.

Our company has a strong customer service ethos and we are committed to providing a personalised and professional service to our clients and in doing so are setting new standards in the property investment market.

Budapest, also known as "Queen of the Danube" is an enchanting city. At first glimpse it leaves an abiding impression with its old style grandeur, unique cultural heritage and mix of architectural styles. Peaceful and yet vibrant, the city treasures the old while embracing the new. Budapest is a mass of contrasts and contradictions which bring the city alive and gives it a somewhat magnetic quality. It is nothing short of breathtaking. It should come as no surprise to learn that Budapest has been designated by UNESCO as a world heritage site.

Bratislava is situated in the centre of Europe in the southwestern part of Slovakia. The capital city spreads like a fan on both banks of the River Danube. Central to it's appeal as an real estate investor's paradise is location - Vienna and Bratislava are the two closest capital cities in the world, only a short 64 km or 40 miles apart.

"The Slovak Republic is set to become the world's next Hong Kong or Ireland, that is, a small place that's an economic powerhouse."

The above quote from Steve Forbes, editor-in-chief of Forbes Magazine, concurs with a now widely held opinion - that Slovakia, and in particular it's capital Bratislava, is becoming an "investors' paradise".

For more details visit Investslovakia.com

Friday, April 01, 2005

General Public lacking awareness of Slovakia's potential

Slovakia, in recent years, has been attracting the attention of companies and institutions worldwide, fast establishing itself as one of the most attractive investment destinations in Europe. And yet, when it comes to the awareness among the
general public (particularly outside Europe) the picture is very different.

Slovakia, a country with lots to offer to the international tourist, has been doing a notoriously bad job at promoting itself abroad. Things may start to slowly change as the
Slovak government has now recognized the improvement and increase of the country's tourism potential as one of the priorities.

In the meantime it was international politics that put Slovakia and Bratislava on top of the news worldwide.In late February, Bratislava hosted a presidential summit of the world's two most powerful men - Russia's President Vladimir Putin and US President G.W.Bush.

And, while no agreement of historical importance was reached at the Bratislava summit, the event itself - with many hours of CNN and other worldwide networks' coverage - has done more for the general awareness of Slovakia than years of promotion would.

And now a good news that will have more of a direct impact on your property investments in Slovakia.

Following the latest NBS (National Bank of Slovakia) base rate cut the Slovak mortgages became up to 1% cheaper, with rates now starting at just over 4.5% p.a. Most commonly, applicants will now be able to benefit from a rate of 5-6% p.a.(subject to status).

To view properties in Slovakia visit Slovakia Investment Proeprty