Property News
Currency Watching For Profitable Overseas Property Investment 21/05/2008 Currency Watching for Profitable Overseas Property InvestmentKen Thorkildsen, Director of Obelisk Private Finance, reports on how the strength of the Euro provides European property owners with big profits. “Economic factors, such as the credit crunch, have a huge impact on currency and financial markets in general. Yet despite the current economic climate, the Euro goes from strength to strength against the pound, whilst financial forecasts indicate that the pound is likely to remain deflated until a renewed confidence in the financial stability of the UK market.” So what does this mean for current property owners as well as would be property investors? Shelter Offshore investigates! Overseas property investors, who entered the emerging European markets early, will find that the...
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Sofia Mayor Demands More Money To Solve City Issues 05/04/2008Municipal police and a budget several times bigger than what it has now was what Sofia municipality needed to improve its traffic problems and finance general development, mayor Boiko Borissov told a business breakfast organised by American-Bulgarian Chamber of Commerce on April 3. Borissov was the first speaker at the meeting and he took no time to strongly word his disapproval of the way the Cabinet looked down on Sofia's problems, accusing Prime Minister Sergei Stanishev of avoiding meetings and delaying the creation of the promised municipal police for months. According to Borissov, such a body would be able to fully control the illegally parked cars, as well as monitor whether drivers are respecting traffic rules, and thus prevent the city from heavy traffic jams. Borissov...
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