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Leading Professional Services ... across South East Europe
Turkish Investmentsin the Balkans
• formed in 1987• professional services Group
operating in South East Europe • over 175 people in Cyprus and the Balkans. • Eurofast is administered by a single
management team based in Cyprus and Greece which travels extensively around the Region addressing all client needs in every one of these countries in the Region in one single meeting, using one single language for all the countries involved.
Our Profile
• Taxation • International Tax• Cross Border Structuring • Real Estate• Tax & Financial Due Diligence• Corporate and Fiduciary Services
• Trust & Management• Registration of companies and other entities• Corporate and Fiduciary Services• Trust Creation and Administration
• Payroll & Accounting
Our Services
We do not seek merelyto satisfy our clients, We seek to delight them!
Our Mission
Our philosophy is deliveringdistinctive service to ourclients by going toextraordinary lengths todelight, not just satisfy.
Our Philosophy
• One Management Team• Western European philosophy• One reference point• One meeting handles all!
Partner Led fromStart to Finish
CyprusGreeceBulgaria Romania
Local Knowledge, Global View
Our Offices
AlbaniaSerbiaMontenegro FYR Macedonia
Our Offices
OurOur Awards & MilestonesAwards & Milestones
Turkish Investment in the Balkans (2007,2008,2009)
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
TURKISH INVESTMENTS (millions of USD) 2007 2008 2009
GREECE 0 39 0
BULGARIA 3 6 13
ROMANIA 14 23 16
SERBIA 11 22 3
MONTENEGRO 2 4 0
ALBANIA 27 3 0
FYR MACEDONIA 1 1 0
Source: OECD
Turkish Investment in the Balkans (2007, 2008,2009)
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
0
5
10
15
20
25
30
35
40
GREEC E BULGA RI A RO MA NI A SERBI A MO NT ENEGRO A LBA NI A FY R
MA C EDO NI A
Country
Turkish I nvestments in the Balkans (Millions USD)
2007
2008
2009
Turkish Investments in the Balkans(2007, 2008, 2009)
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
TURKISH INVESTMENTS (millions of USD) 2007 2008 2009
WHOLE REGION (Greece, Bulgaria, Romania, Serbia, Montenegro, Albania, FYR Macedonia) 58 98 32
Source: OECD
Turkish Investments in the Balkans(2007, 2008, 2009)
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
58
98
32
0
10
20
30
40
50
60
70
80
90
100
Regional
Turkish I nvestments in the Balkans (Millions USD)
2007
2008
2009
Trade Balance Turkey - Greece
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
Source: Turkey’s Bureau of Statistics
2007 2008 2009
in millions USD EXPORTS IMPORTS EXPORTS IMPORTS EXPORTS IMPORTS
TURKEY-GREECE 2262.65 950.16 2429.97 1150.72 1634.39 1131.07
2262.65
950.16
2429.97
1150.72
1634.39
1131.07
0.00500.00
1000.001500.002000.002500.003000.003500.004000.00
2007 2008 2009
Turkey-Greece Trade Balance (millions USD) Imports from Greece
Exports to Greece
Trade Balance Turkey - Bulgaria
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
Source: Turkey’s Bureau of Statistics
2007 2008 2009
in millions USD EXPORTS IMPORTS EXPORTS IMPORTS EXPORTS IMPORTS
TURKEY-BULGARIA 2060.17 1951.66 2151.53 1840.01 1389.20 1116.90
2060.17
1951.66
2151.53
1840.01
1389.20
1116.90
0.00
1000.00
2000.00
3000.00
4000.00
5000.00
2007 2008 2009
Turkey-Bulgaria Trade Balance (millions USD) Imports from Bulgaria
Exports to Bulgaria
Trade Balance Turkey - Romania
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
Source: Turkey’s Bureau of Statistics
2007 2008 2009
in millions USD EXPORTS IMPORTS EXPORTS IMPORTS EXPORTS IMPORTS
TURKEY-ROMANIA 3644.16 3112.75 3987.48 3547.82 2215.74 2257.96
3644.16
3112.75
3987.48
3547.82
2215.74
2257.96
0.00
1000.00
2000.00
3000.004000.00
5000.00
6000.00
7000.00
8000.00
2007 2008 2009
Turkey-Romania Trade Balance (millions USD) Imports from Romania
Exports to Romania
Trade Balance Turkey - Serbia
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
Source: Turkey’s Bureau of Statistics
2007 2008 2009
in millions USD EXPORTS IMPORTS EXPORTS IMPORTS EXPORTS IMPORTS
TURKEY-SERBIA 475.10 70.70 458.10 61.71 306.47 55.90
475.10
70.70
458.10
61.71
306.47
55.90
0.00
100.00
200.00
300.00
400.00
500.00
600.00
2007 2008 2009
Turkey-Serbia Trade Balance (millions USD) Imports from Serbia
Exports to Serbia
Trade Balance Turkey - Montenegro
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
Source: Turkey’s Bureau of Statistics
2007 2008 2009
in millions USD EXPORTS IMPORTS EXPORTS IMPORTS EXPORTS IMPORTS
TURKEY-MONTENEGRO 19.86 0.16 48.49 1.34 26.48 5.85
19.86
0.1648.49
1.34
26.48
5.85
0.00
10.00
20.00
30.00
40.00
50.00
2007 2008 2009
Turkey-Montenegro Trade Balance (millions USD)
Imports from Montenegro
Exports to Montenegro
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
Trade Balance Turkey - AlbaniaSource: Turkey’s Bureau of Statistics
2007 2008 2009
in millions USD EXPORTS IMPORTS EXPORTS IMPORTS EXPORTS IMPORTS
TURKEY-ALBANIA 294.51 23.84 305.74 36.70 273.31 4.69
294.51
23.84
305.74
36.70
273.31
4.69
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
2007 2008 2009
Turkey-Albania Trade Balance (millions USD)
Imports from Albania
Exports to Albania
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
Trade Balance Turkey – FYR MacedoniaSource: Turkey’s Bureau of Statistics
2007 2008 2009
in millions USD EXPORTS IMPORTS EXPORTS IMPORTS EXPORTS IMPORTS
TURKEY-FYR MACEDONIA 271.74 55.82 296.17 29.71 283.48 39.88
271.74
55.82
296.17
29.71
283.48
39.88
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
2007 2008 2009
Turkey-FYR Macedonia Trade Balance (millions USD)I mports from FYR Macedonia
Exports to FYR Macedonia
Double Tax Treaties
Greek- Turkish Economic Co-operation December 2010, Thessaloniki
Double Tax Treaties - Turkey
Dividends Interest Royalties
Individuals, Companies Qualifying Companies
ALBANIA 15 5 10 10
BULGARIA 15 10 10 10
FYR MACEDONIA 10 5 10 10
GREECE 15 15 12 10
MONTENEGRO 15 5 10 10
ROMANIA 15 15 10 10
SERBIA 15 5 10 10
Thank you !
