Buy Property in Montenegro

Posts Tagged ‘business’

Saudi business group Al-Shiddi is building hotels and a multi-purpose complex in Sarajevo worth up to 200 million euros (7.3 million), the group’s chairman, Sulaiman Al-Shiddi, said. The Sarajevo City Centre will include a five-star hotel, a business and shopping centre and underground five-storey car-park for over 1200 cars in the heart of the Bosnian capital, next to the parliament and government building, said Al-Shiddi. More than EUR160 million will be invested in the complex, Al-Shiddi said, adding he expects it to be worth even more once it’s completed. ‘The total value of the project will reach over EUR300 million after it has been finished,’ he told Reuters on the sidelines of a business conference in Sarajevo. ‘This is the last location (like this) in the city of Sarajevo,’ Al-Shiddi said, adding that room for real estate expansion in the city centre has been shrinking and is limited due to the mountains around it. The complex is scheduled to be completed by the end of 2012. The Riyadh-based group, which deals with real estate, trade and agriculture, is also building a four-star hotel in a newer section of Sarajevo, worth EUR 30 million, which should be completed at the end of this year, Al-Shiddi said. The group started looking for investments in Bosnia in late 2004. ‘The prices were very, very cheap at that time,’ Al-Shiddi said. ‘If you compare the prices today with the region, they are still 50 per cent lower than in Slovenia, Croatia, and Montenegro.” Al …

Te besh biznes ne Shqipëri është bere edhe me e vështire. Konstatimi vjen nga raporti i fundit i bankës botërore, “Doing biznes”, sipas te cilit Shqipëria ka përkeqësuar pozicionin e saj krahasor me një vit me pare. nga 183 shtete, Shqipëria u rendit ne vendin e 82, nga i 77 qe ishte një vite me pare, duke humbur ne këtë mënyre 5 shkalle. Raporti evidenton rregullat qe pengojnë dhe stimulojnë një aktivitet ekonomik ne Shqipëri. Duke ju referuar te dhënave te tij vendi renditet i fundit për sa i përket marjes se lejeve te ndërtimit, kjo për shkak se qe nga viti 2009 nuk është dhe asnjë leje ne kryeqytet. Por vendi ynë është i renditur nga fundi për sa i përket procedurave te pagesës se taksave konkretisht ne vendin e 152. Ndërsa kostot për hapjen e një biznesi mbeten te larta, kryesisht ne Tirane. Raporti evidenton se problem kryesor mbetet korrupsioni. Ndërkohe konstatohet se Shqipëria ka lehtësuar regjistrimin e pronave duke vendosur afate kohore për regjistrimin e tapive. Një renditje pozitive është marrja e një kredie, mbrojtja e investitorëve te huaja si dhe zbatimi i kontratave te nënshkruara. Por duke e pare Shqipërinë me vendet e rajonit, Maqedonia dhe Mali i zi janë versuar me pozitivisht ne këtë klasifikim. Dy fqinjët tane kane bere hapa perpara ne shume drejtime qe lidhen me klimën ekonomike. Raporti “Doing busines”, analizon rregullat dhe ligjet e ndermara nga qeveria ne ndihme te sipërmarrjeve. Doing business in Bangladesh is made ​​even more difficult. The …

The major US equity indices closed sharply lower Monday in the first trading session after Standard & Poor’s cut the United States’ AAA Credit Rating. President Barack Obama said he hoped the decision by Standard & Poor’s would at least give Congress a renewed sense of urgency to tackle debt problems. He said that must be done primarily by taking on the politically difficult issues of reforming taxes and entitlement programs in the coming months. In corporate news,American International Group (NYSE:AIG) has plans to sue Bank of America (NYSE:BAC) due to losses on hundreds of mortgage-backed securities. The suit seeks to recover over billion in losses on billion of investments, in possibly the largest mortgage-security-related action filed by a single investor. The Dow Jones Industrial Average (DJI) closed 5.54% lower at 10809, the S&P500 (INX) closed 6.66% lower at 1119, and the Nasdaq Composite (IXIC) closed 6.90% lower at 2357.

TriGranit has emerged as one of the largest property developers in Europe. TriGranit is currently working on developments across 8 countries, with a total planned investment of Euro 4 billion. After having successfully completed projects in Hungary, Poland, Slovakia and Romania the company widened its focus to include Croatia, Slovenia, Montenegro, and Russia. TriGranit’s strength is the unique expertise in real estate development and operations within emerging markets. TriGranit’s primary focus is on dominant, mixed-use “City Center” projects in strategic urban locations. TriGranit creates prototype developments including award winning retail & entertainment centers, office buildings, hotels, residential developments, waterfront resorts and cultural facilities.

Atlas Group has presented to the public its potential partner Foster and Partners with whomif agreement is reached intends to built a new hotel – tourist complex of approximate value of eur 200 millions

Research in Motion (NASDAQ:RIMM) reported Q4 EPS of .78, ahead of consensus estimates of .76 per share. Revenues for the quarter were .56 billion, missing consensus estimates of .64 billion. The company sees 2012 EPS of .50, vs. consensus estimates of .81 per share. For Q1, the company sees revenues of .2 to .6 billion, vs. consensus estimates of .64 billion, and EPS of .47 to .55, vs. consensus estimates of .65 per share. Jim Balsillie, Co-CEO at Research In Motion said, “We are pleased to report record shipments and financial performance in fiscal 2011. As we enter fiscal 2012, RIM is in an excellent position to benefit from the continuing convergence of the mobile communications and mobile computing markets. We are laying a strong foundation for RIM’s expanding market opportunity through focused investments and we are extremely excited about our smartphone, tablet and platform roadmaps.”

IBM is making its first purchase of 2011. Big Blue is acquiging the real estate management software developer Tririga. Financial terms of the deal, which is expected to close in the second quarter of 2011, were not disclosed. Tririga’s software helps clients make strategic planning decisions regarding space usage, evaluates alternative real estate initiatives, generates higher returns from capital projects and assesses environmental impact investments. Tririga’s software is used by more than 200 clients, including over one-third of Fortune 100 corporations as well as seven of the 15 federal executive departments of the US government The company will be integrated into IBM Tivoli Software and IBM Global Business Services. In 2010, IBM spent roughly Billion to acquire 17 companies. IBM numbers are up just over a quarter or .17% to 7.95.

Funtalk China Holdings Limited (NASDAQ:FTLK) has received a preliminary non-binding proposal from a consortium of companies, including Capital Ally Investments and GM Investment Company, among others, to acquire the company for .10 per share. That price represents a 15.5% premium on the stock’s closing price Thursday of .15 per share. According to the proposal, the consortium will form an acquisition vehicle for the purposes of the transaction, which is to be financed with debt and equity capital. The company is trading up 10.89% at .82 per share.

Federal Signal (FSS) says it lost .55 per share from continuing operations, including items, in Q4 on sales of 6.7 million. The Thomson Reuters mean was for a profit of {video_description}.08 per share, usually less items, on sales of 8.66 million. As of December 31, 2010, the company was not in compliance with its interest coverage ratio under its existing credit and private placement note agreements. The company has received a waiver of this event of default from its lenders. In addition, the credit and private placement note agreements have been amended to include new financial and other covenants. Certain new restrictions have also been added to the agreements which will limit the Company’s ability to incur additional indebtedness, make investments, pay dividends and engage in other transactions. As a result, the company will not pay a dividend for Q1 2011.

Family Dollar Stores (NYSE:FDO) reported early today that same store sales for the company’s second quarter, ended February 26th 2011, were up 5.1% year over year, with total net sales up 8.3% to .26 billion. The company bumped its EPS guidance for the quarter, expecting {video_description}.97 to {video_description}.98 per share when it reports earnings on March 30th, compared to its earlier forecast of {video_description}.92 to {video_description}.97 per share, and the consensus estimate for {video_description}.95 per share. Howard Levine, Chairman and CEO said, “Family Dollar continues to execute well against our strategic plan to accelerate revenue growth, expand operating margins and optimize our capital structure. Our investments to improve the shopping experience for our customers while enhancing our operational capabilities continue to deliver strong returns.”