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  • Write You - Romania on the Rise: Investing in Eastern Europe

    Expanding the Business
    Before starting up your business I am sure you will have done plenty of research. The recommended ways to research businesses is by taking advice from someone you trust or by reading books, magazines or use of the internet. Businesses that survive the early days need to develop and move on to the next stage; the aim of all start up businesses is to build the business on a solid platform. There are many ways to expand a business, listed below are simply a few ways:List your Business as a Franchise – Business costs can be very expensive, by franchising your business it will be significantly expanded it at a reduced cost. A lot of successful businesses have been successful simply due to franchising; many businesses have developed quickly by using this technique some have eventually become listed as a PLC (Public Limited Company). The stock market not only values your company at today’s value but also takes into account future growth. This can prove very lucrative for your business.Form a Partnership or Joint Venture – Joining forces with another on theme business can be a very g
    in their industry, they are fully convinced that the projections for suburban Bucharest will become a current reality.

    The savvy world investor, according to surveys, now identifies Romania as one of the top three investment locations in the world (along with China and Brazil) and the number one opportunity in Europe. Foreign Direct Investment in Romania is at roughly 3.5 billion dollars currently tied only with Czech Republic for the number one spot in Central & Eastern Europe. Decreasing investment rates there and expected investments in Romania will most likely push Romania on top.

    Tesco and Walmart have already announced plans to follow in the footsteps of European giant Carefour to enter this thriving market.

    Unemployment here is at just 6%, one of the lowest rates in all of Europe. Combined with a low per-head personal debt, more spending cash, and the introduction of credit an amazing new consumer based society is being built.

    Statistics show that inflation is low and GDP

    Managing Flat File Storage Needs: A Case Study
    For the manager of the Building Records unit at a major west coast public University, the document storage problems were critical. The problem wasn’t justifying budget for more space. There was no more space to be had.The Facilities Management Department must preserve and keep accessible more than 40,000 original plans and drawings. Many of the documents date from the University’s founding and were hand drawn by Architects and Engineers long gone. These include architectural, structural, civil, mechanical, plumbing, electrical and other drawings for site development, infrastructure, landscape, utilities, buildings, additions and renovations.The 3,300-cubic-foot room holding the essentially irreplaceable documents was crammed seven feet high with flat files whose more than 150 drawers were filled to the top with originals. Clamped “sacrificials”—copies used to protect originals—are in a second room. Large E-size drawings were the most difficult to store and retrieve. Since the drawers had run out of space and the University was still adding buildings and completing renovation
    "Moscow aside, if you look at central and eastern Europe, Bucharest is probably the biggest and most interesting opportunity for property investors right now," says Edit Vesser, corporate director for CB Richard Ellis in Bucharest in an article recently published by the esteemed Irish Times.

    In February 2005, I first alerted readers of Escape Artist to the incredible potential latent in the Eastern European country of Romania. Several readers who contacted me purchased land through a realtor that I advised them of in an area outside of the city limits of Bucharest at 40 Euro per square meter. That land today is now fetching an estimated 200 Euro per square meter.

    I was cautioned by colleagues to refrain from quoting the above figures as they seem quite sensational. Indeed, they are representative of unique successes and do not represent the average gain to be expected on property held in the Bucharest area for less then one year. However, such gains are possible and it is not uncommon to hear of such success stories occurring from transactions made on the current market.

    These exceptional cases serve as an indicator of the general trend of rapid growth in value of raw land in what is known as "the new suburbs of Bucharest."

    The price of land has gone up by 60-70% over the past several months, due to the high level of demand on the market triggered by the high profitability of investing in land, a report by CB Richard Ellis (CBRE) shows.

    In a previous article for Escape Artist (http://www.escapeartist.com/efam/72/Real_Estate_In_Romania.html), I indicated land as potentially the best investment for the average investor in Romania. It poses the least hassles and headaches and tends to generate the most profit-growth in the shortest time. The verified rate of growth of property values between the time that I made this suggestion to readers and the publication of this article, given further credibility to my speculations. I am not alone in my view; Razvan Camuescu of RHR, a Bucharest property services firm in his interview for the aforementioned recent Irish Times article further comments, "Outside Bucharest we have seen the price for some land double over the course of two months." He adds that investments in apartments in the center of the city no longer necessarily represent a part of a good investment strategy.

    Yes, all of this growth could be considered astronomical, daunting, magnificent, maybe even a little scary if not properly managed. This, however, is exactly why Romania has become the next big target of the international investor.

    "It is the next big location in this part of the world, with many people looking to get involved here having moved on from Budapest or missed the property train there". "The big guns are already getting involved alongside the private investors." (source The Irish Times, September 2005)

    The key to raw land investment in Romania is a) knowing where to invest and b) when and how to sell. Bucharest as the capitol of Romania and soon EU capitol city is the the star attraction of all Romanian land investment opportunities.

    Prices in the downtown area of the city may have all but peaked after years of significant growth but the trend of high growth in a short-time frame has just begun in the area outside of the city limits which is pegged as the new Bucharest suburban district.

    Bucharest is inhabited by more then 2.5 million people and that number is expected by many authorities to more then double to over 5 million by 2010 by the rapid development of new housing complexes inside of the city and the expansion of city limits with the introduction of new American-style suburban living there - now available to the average Bucharest-ian who is experiencing higher earning power coupled with increase access to credit.

    Northrop Grumman, the large American construction firm is already in the market constructing new homes along with scores of other European and international building firms of reputation. As leaders in their industry, they are fully convinced that the projections for suburban Bucharest will become a current reality.

    The savvy world investor, according to surveys, now identifies Romania as one of the top three investment locations in the world (along with China and Brazil) and the number one opportunity in Europe. Foreign Direct Investment in Romania is at roughly 3.5 billion dollars currently tied only with Czech Republic for the number one spot in Central & Eastern Europe. Decreasing investment rates there and expected investments in Romania will most likely push Romania on top.

    Tesco and Walmart have already announced plans to follow in the footsteps of European giant Carefour to enter this thriving market.

    Unemployment here is at just 6%, one of the lowest rates in all of Europe. Combined with a low per-head personal debt, more spending cash, and the introduction of credit an amazing new consumer based society is being built.

    Statistics show that inflation is low and GDP i

    Private Investigators
    Private detectives and investigators deploy many methods to determine the facts in a variety of matters. To perform investigations they may use various types of surveillance or searches. To verify facts, such as an individual's place of employment or income, they make phone calls or visit the workplace. In cases involving missing persons and background checks, investigators often interview people to gather as much information as possible about an individual. Private detectives and investigators may also assist attorneys, businesses and the public with legal, financial and personal problems.Private detectives and investigators offer many services including executive, corporate, celebrity protection; pre-employment verification; and individual background profiles. They can be hired to look into computer crimes, such as identity theft, harassing e-mails, and illegal downloading of copyrighted material. They also provide support in civil liability and personal injury cases, insurance claims and fraud, child custody and protection cases, tracking missing persons and premarital scree
    of such success stories occurring from transactions made on the current market.

    These exceptional cases serve as an indicator of the general trend of rapid growth in value of raw land in what is known as "the new suburbs of Bucharest."

    The price of land has gone up by 60-70% over the past several months, due to the high level of demand on the market triggered by the high profitability of investing in land, a report by CB Richard Ellis (CBRE) shows.

    In a previous article for Escape Artist (http://www.escapeartist.com/efam/72/Real_Estate_In_Romania.html), I indicated land as potentially the best investment for the average investor in Romania. It poses the least hassles and headaches and tends to generate the most profit-growth in the shortest time. The verified rate of growth of property values between the time that I made this suggestion to readers and the publication of this article, given further credibility to my speculations. I am not alone in my view; Razvan Camuescu of RHR, a Bucharest property services firm in his interview for the aforementioned recent Irish Times article further comments, "Outside Bucharest we have seen the price for some land double over the course of two months." He adds that investments in apartments in the center of the city no longer necessarily represent a part of a good investment strategy.

    Yes, all of this growth could be considered astronomical, daunting, magnificent, maybe even a little scary if not properly managed. This, however, is exactly why Romania has become the next big target of the international investor.

    "It is the next big location in this part of the world, with many people looking to get involved here having moved on from Budapest or missed the property train there". "The big guns are already getting involved alongside the private investors." (source The Irish Times, September 2005)

    The key to raw land investment in Romania is a) knowing where to invest and b) when and how to sell. Bucharest as the capitol of Romania and soon EU capitol city is the the star attraction of all Romanian land investment opportunities.

    Prices in the downtown area of the city may have all but peaked after years of significant growth but the trend of high growth in a short-time frame has just begun in the area outside of the city limits which is pegged as the new Bucharest suburban district.

    Bucharest is inhabited by more then 2.5 million people and that number is expected by many authorities to more then double to over 5 million by 2010 by the rapid development of new housing complexes inside of the city and the expansion of city limits with the introduction of new American-style suburban living there - now available to the average Bucharest-ian who is experiencing higher earning power coupled with increase access to credit.

    Northrop Grumman, the large American construction firm is already in the market constructing new homes along with scores of other European and international building firms of reputation. As leaders in their industry, they are fully convinced that the projections for suburban Bucharest will become a current reality.

    The savvy world investor, according to surveys, now identifies Romania as one of the top three investment locations in the world (along with China and Brazil) and the number one opportunity in Europe. Foreign Direct Investment in Romania is at roughly 3.5 billion dollars currently tied only with Czech Republic for the number one spot in Central & Eastern Europe. Decreasing investment rates there and expected investments in Romania will most likely push Romania on top.

    Tesco and Walmart have already announced plans to follow in the footsteps of European giant Carefour to enter this thriving market.

    Unemployment here is at just 6%, one of the lowest rates in all of Europe. Combined with a low per-head personal debt, more spending cash, and the introduction of credit an amazing new consumer based society is being built.

    Statistics show that inflation is low and GDP

    Business Security
    This article examines business security and provides some practical advise on protecting your business. Unfortunately as any new business knows it isn't long before opening that the first break and enter occurs or another security issue raises it ugly head. Dealing with insurance companies reveals that often the business person is own their own, particularly if the business is targetted numerous times. The more successful your business, the more interest it tends to generate amongst low lifes, and once they have struck they will be back again unless you do something about it.In order to protect your business one of the first things you need to do is establish safe cash flow practises. This includes the basics like not leaving out large quantities of cash in tills or petty cash, ensuring you have a descent safe and/or strongroom. However it goes much further than this. Ensuring correct cashflow includes correct recording procedures with regular audits. Often one of biggest hits a company takes is when its own employee steals from the cashflow. Without tight auditing procedures an em
    charest property services firm in his interview for the aforementioned recent Irish Times article further comments, "Outside Bucharest we have seen the price for some land double over the course of two months." He adds that investments in apartments in the center of the city no longer necessarily represent a part of a good investment strategy.

    Yes, all of this growth could be considered astronomical, daunting, magnificent, maybe even a little scary if not properly managed. This, however, is exactly why Romania has become the next big target of the international investor.

    "It is the next big location in this part of the world, with many people looking to get involved here having moved on from Budapest or missed the property train there". "The big guns are already getting involved alongside the private investors." (source The Irish Times, September 2005)

    The key to raw land investment in Romania is a) knowing where to invest and b) when and how to sell. Bucharest as the capitol of Romania and soon EU capitol city is the the star attraction of all Romanian land investment opportunities.

    Prices in the downtown area of the city may have all but peaked after years of significant growth but the trend of high growth in a short-time frame has just begun in the area outside of the city limits which is pegged as the new Bucharest suburban district.

    Bucharest is inhabited by more then 2.5 million people and that number is expected by many authorities to more then double to over 5 million by 2010 by the rapid development of new housing complexes inside of the city and the expansion of city limits with the introduction of new American-style suburban living there - now available to the average Bucharest-ian who is experiencing higher earning power coupled with increase access to credit.

    Northrop Grumman, the large American construction firm is already in the market constructing new homes along with scores of other European and international building firms of reputation. As leaders in their industry, they are fully convinced that the projections for suburban Bucharest will become a current reality.

    The savvy world investor, according to surveys, now identifies Romania as one of the top three investment locations in the world (along with China and Brazil) and the number one opportunity in Europe. Foreign Direct Investment in Romania is at roughly 3.5 billion dollars currently tied only with Czech Republic for the number one spot in Central & Eastern Europe. Decreasing investment rates there and expected investments in Romania will most likely push Romania on top.

    Tesco and Walmart have already announced plans to follow in the footsteps of European giant Carefour to enter this thriving market.

    Unemployment here is at just 6%, one of the lowest rates in all of Europe. Combined with a low per-head personal debt, more spending cash, and the introduction of credit an amazing new consumer based society is being built.

    Statistics show that inflation is low and GDP

    Most Influential Group of Consumers
    Recent marketing studies reveal that most marketing strategies directed toward women fail to live up to potential due to lack of appropriate market segmentation.Businesses that are the most successful and consistently reach women with targeted marketing efforts take advantage of the different ways in which women collect information and make consumer decisions. As a business owner you can capture the female buying power through specifically targeted marketing strategies toward women versus the traditional marketing strategy.A recent Vanguard study found women trust:• Female family members • Financial Institutions • NewspapersInteresting market facts:• Women perceive and behave differently to consumer marketing. Women are generally more demanding in making the initial purchase, however, once they make the decision they are more brand/product loyal. For a business this means selling to women yields greater retention rates, more repeat customers and better word-of-mouth advertising. For the advertiser it means marketing in a new
    ia and soon EU capitol city is the the star attraction of all Romanian land investment opportunities.

    Prices in the downtown area of the city may have all but peaked after years of significant growth but the trend of high growth in a short-time frame has just begun in the area outside of the city limits which is pegged as the new Bucharest suburban district.

    Bucharest is inhabited by more then 2.5 million people and that number is expected by many authorities to more then double to over 5 million by 2010 by the rapid development of new housing complexes inside of the city and the expansion of city limits with the introduction of new American-style suburban living there - now available to the average Bucharest-ian who is experiencing higher earning power coupled with increase access to credit.

    Northrop Grumman, the large American construction firm is already in the market constructing new homes along with scores of other European and international building firms of reputation. As leaders in their industry, they are fully convinced that the projections for suburban Bucharest will become a current reality.

    The savvy world investor, according to surveys, now identifies Romania as one of the top three investment locations in the world (along with China and Brazil) and the number one opportunity in Europe. Foreign Direct Investment in Romania is at roughly 3.5 billion dollars currently tied only with Czech Republic for the number one spot in Central & Eastern Europe. Decreasing investment rates there and expected investments in Romania will most likely push Romania on top.

    Tesco and Walmart have already announced plans to follow in the footsteps of European giant Carefour to enter this thriving market.

    Unemployment here is at just 6%, one of the lowest rates in all of Europe. Combined with a low per-head personal debt, more spending cash, and the introduction of credit an amazing new consumer based society is being built.

    Statistics show that inflation is low and GDP

    The Watchful Eye Of An Employer Can Invade The Employee's Privacy
    Employers can be liable for secretly placing a video camera in an employee‘s office, even if the employer does not view any of the video. An employer must control his watchful eye and use it in limited circumstances.A California employer, who operates a residential facility for abused children, placed a camera in an office to determine who was accessing pornographic websites at night. The camera was activated at all times in the office. The employer told a few employees about the camera, but not the female employees occupying the office, because the employer feared that these talkative employees may inform the perpetrators. While the camera was activated, a female employee who occupied the office, on occasion, closed the door, pulled down the shade to show her coworker how she was recovering from child birth. The employer was tagged with invasion of the employees' privacy. It did not matter if the employer viewed the videotapes or not. The fact that the employer had access to viewing was enough to invade the employees' invasion of privacy. The employees had an expectation o
    in their industry, they are fully convinced that the projections for suburban Bucharest will become a current reality.

    The savvy world investor, according to surveys, now identifies Romania as one of the top three investment locations in the world (along with China and Brazil) and the number one opportunity in Europe. Foreign Direct Investment in Romania is at roughly 3.5 billion dollars currently tied only with Czech Republic for the number one spot in Central & Eastern Europe. Decreasing investment rates there and expected investments in Romania will most likely push Romania on top.

    Tesco and Walmart have already announced plans to follow in the footsteps of European giant Carefour to enter this thriving market.

    Unemployment here is at just 6%, one of the lowest rates in all of Europe. Combined with a low per-head personal debt, more spending cash, and the introduction of credit an amazing new consumer based society is being built.

    Statistics show that inflation is low and GDP is high (three times higher in many cases then in Western Europe) in Romania.

    The vision of the Bucharest metropolitan area is quickly becoming a reality. Farmland near Bucharest will soon resemble suburban Detroit or Chicago, complete with modern family homes, shopping complexes, and modern highways. This phenomenon has already occurred in some areas outside of the city limits.

    2,000 square meters plots of land can now be purchased in the new suburban district of Bucharest for 40,000 Euro (That about $48,000 USD). That' s about $20 per square meter in a city where downtown prime real estate is going for as much as $2,000 a square meter and property in the currently developed suburban region goes for between $150 and $350 a square meter. Between now and the years proceeding the EU ascension of Romania (analyst predict Romania will join in 2007 -2008 and growth will continue at impressive rates up to about 2010) property prices in the new suburbs should increase at least 30% per year.

    The key to realizing profit is to buy land in an area where developers are looking to build in a strategic location, where other like-minded investors have also invested in land. This is where a reputable estate agency comes into the picture. As they usually have direct relationships with developers and have a keen understanding of where to buy, they more then earn their 5% or so commissions.

    New structures have now been put in place to allow foreign investors to invest in land without formation of private companies (foreign citizens may not own raw land as private individuals) and the process of forming a company for such a purpose is now a relatively expedited one - when you are working with someone who knows what they are doing.

    Deals most absolutely exist outside of Bucharest as well. The long term investor should also consider naturally stunning land located in proximity to up-and-coming ski resorts in Transylvania and incredible bargains at the excellent vineyards located between Bucharest and the aforementioned ski resorts. These opportunities represent excellent investment opportunities but often requires a longer "hold time" on the investment to reap full potential returns.

    More details on those properties, as well as on opportunities in Bucharest are available for readers by contacting me directly.

    One final piece of advise - the majority of North American investors who have contacted me come with a sound American mentality related to real estate investment. No doubt, this mentality is tried and proven in America and represents a very successful model for property investment on that continent. Europe and Eastern Europe in particular represent dynamically different markets that require the investor to approach an investment in this region with an open and teachable mind.

    This has caused a much higher success rate among European and International investors to date in Romania then for American ones.

    The tried and true model for cashing in on the amazing changing face of Romania and particularly metropolitan Bucharest, tweaked and perfected by professionals from the West operating in this region, has proved to be the best model to follow.

    Perhaps the Irish Times article, summed it up best ".... the key thing is to have good contacts, local knowledge, and someone here who you can trust."

    Romania presents the opportunity to make extremely profitable investments in a future superstate of the European Union. It represents the transformation of a nation where 30% of the population has never turned on a light, into a Western cosmopolitan nation at a maddening pace. Under control, this chaos can be extremely profitable for the savvy investor.

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