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The Balkans

Countries

The Balkans

Serbia
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Serbia

The Republic of Serbia,  is a landlocked country in Central and South-Eastern Europe, covering the southern part of the Pannonian Plain and the central part of the Balkan Peninsula. It is bordered by Hungary on the north; Romania and Bulgaria on the east; Albania and Republic of Macedonia on the south; and Montenegro, Croatia and Bosnia and Herzegovina on the west. The capital of the Republic of Serbia is Belgrade.

Serbia became an independent state in 2006, after Montenegro left the union which was formed after the dissolution of Yugoslavia in 1990s.

The Serbian climate varies between a continental climate in the north, with cool winters, and hot, humid summers with well distributed rainfall patterns, and a more Adriatic climate in the south; with hot, dry summers and autumns and relatively cool winters with regular snowfall inland.

Serbia has made great progress towards EU membership and is also pursuing membership in the (WTO) World Trade Organization.

Tourism in Serbia is mostly focused on the villages and mountains of the country. The most famous mountain resorts are Zlatibor, Kopaonik, and the Tara.

There are also many spas in Serbia, one the biggest of which is Vrnjacka Banja. There is a significant amount of tourism in the largest cities like Belgrade, Novi Sad and Niš.

In 2007, 2.2 million tourists have chosen Serbia as its destination, a 15% increase comparing to 2006.

Facts
Capital – Belgrade
Largest city - Belgrade
Currency – Serbian Dinar
Time Zone – CET (UTC +1) Summer (DST) CEST (UTC +2)
Population - 10,350,265
Area – Total -  88,361 km² 34,116 sq mi 
Coastline - 4,964 km
Bordering countries - Albania 115 km, Bosnia and Herzegovina 302 km, Bulgaria 318 km, Croatia 241 km, Hungary 151 km, Macedonia 221 km, Montenegro 203 km, Romania 476 km
Major airports – : Belgrade Nikola Tesla Airport, Niš Constantine the Great Airport, Vršac International Airport and Priština International Airport
Religion - Serbian Orthodox 85%, Catholic 5.5%, Protestant 1.1%, Muslim 3.2%, unspecified 2.6%, other, unknown, or atheist 2.6% (2002)
Languages – Serbian 88.3% (official), Hungarian 3.8%, Bosniak 1.8%, Romany (Gypsy) 1.1%, other 4.1%, unknown 0.9% (2002)
Flight – London to Belgrade 2 hours 30 mins.
Average Temp winter – 3 °C
Average Temp summer – 22.1 °C (71.8 °F)

Summer days with temperature higher than 25 °C is 95

The average annual number of days with temperatures higher than 30 °C - is 31.





Serbia is one of the fastest growing countries in Europe. With strong growth indications it has allowed many foreign investors to enjoy the continual success in which it thrives. Although not in the EU, working within the EU legal framework provides the security needed for any type of investment.


Why Invest in Serbia?

Belgrade has been awarded as the City of the Future for Southern Europe 2005

The world Bank’s guide Doing Business in 2006 naming Serbia the top global reformer

Belgrade has been recognised as one of the top 20 hot spots worldwide in 2005 by Lonely Planet

Serbia has the lowest corporate profit tax rate in Europe with a flat rate of 10% - This point alone is favourable enough to support any investment with VProperty UK

A 10-year corporate profit tax holiday for investments over approx €7 million and employment of 100 or more employees

Tax credits for investing in fixed assets of up to 80% of the invested amount

VAT, the salary tax and social insurance contributions are among one of the lowest in Central and Eastern Europe

In order to be in poll position before real competition starts in Serbia it is important that investors make decisions sharply in order to gain full advantage of the growth.

Our team of experts work alongside SIEPA Serbian Investment and Export Promotion Agency, to provide the individual or entity with the most suitable venture in which they wish to achieve.

Croatia
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Croatia

Croatia is located in South-Central Europe. Its shape resembles that of a crescent or a horseshoe, which flanks its neighbours Serbia, Bosnia and Herzegovina and Montenegro. To the north lie Slovenia and Hungary; Italy lies across the Adriatic Sea. It’s mainland territory is split in two non-contiguous parts by the short coastline of Bosnia and Herzegovina around Neum.

Its terrain is diverse, including: plains, lakes and rolling hills in the continental north and northeast (Central Croatia and Slavonia, part of the Pannonian Basin); densely wooded mountains in Lika and Gorski Kotar, part of the Dinaric Alps; rocky coastlines on the Adriatic Sea (Istria, Northern Seacoast and Dalmatia).

Croatia has a mixture of climates. In the north and east it is continental, Mediterranean along the coast and a semi-highland and highland climate in the south-central region. Offshore Croatia consists of over one thousand islands varying in size.

The country is famous for its many national parks.

Croatia plans to join the EU by 2010, after initial application in 2003.

Facts
Capital – Zagreb
Largest city - Zagreb
Currency – Kuna
Time Zone – CET (UTC) +1  Summer – CEST (UTC) +2
Population – 4,440,690 (September 2007)
Area – Total -  56,542 km² 21,831 sq mi
Coastline - 5,835 km (mainland 1,777 km, islands 4,058 km)
Bordering countries - Bosnia and Herzegovina 932 km, Hungary 329 km, Serbia 241 km, Montenegro 25 km, Slovenia 670 km
Major airports – Dubrovnik, Pula, Rijeka, Split, Zadar, Zagreb
Religion - Roman Catholic 87.8%, Orthodox 4.4%, other Christian 0.4%, Muslim 1.3%, other and unspecified 0.9%, none 5.2%
Languages - Croatian 96.1%, Serbian 1%, other and undesignated 2.9% (including Italian, Hungarian, Czech, Slovak, and German
Flight – UK to Croatia 2 hours 15 minutes
Average Temp winter – 12°C
Average Temp summer – 25°C



Other Countries


Cyprus
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Cyprus

Officially the Republic of Cyprus  is an island country situated in the eastern Mediterranean, south of Turkey, west of the Levant, north of Egypt, and east-southeast of Greece.

Cyprus is the third-largest island in the Mediterranean and one of the most popular tourist destinations in the Mediterranean, attracting over 2.4 million tourists per year.
The Republic of Cyprus is a developed country and has been a member of the European Union since 1st May 2004.

Cyprus is situated in the eastern Mediterranean, just south of the Anatolian peninsula (or Asia Minor) of the Asian mainland; thus, it is often included in the Middle East. Turkey is 75 kilometres (47 mi) north; other neighbouring countries include Syria and Lebanon to the east, Israel to the southeast, Egypt to the south, and Greece to the west-north-west.

The climate is temperate and Mediterranean with dry summers and variably rainy winters. Summer temperatures range from warm at higher elevations in the Tröodos mountains to hot in the lowlands.

Winter temperatures are mild at lower elevations, where snow rarely occurs, but are significantly colder in the mountains, where there is sufficient snow for a seasonal ski facility.

Facts
Capital – Nicosia
Largest city - Nicosia
Currency – Euro
Time Zone – EET (UTC +2) Summer (DST) EEST (UTC +2)
Population - 788,457 (July 2007)
Area – Total -  9,251 km² 3,572 sq mi
Coastline - 648 km
Major airports – Larnaca, Paphos
Religion - Greek Orthodox 78%, Muslim 18%, other (includes Maronite and Armenian Apostolic) 4%
Languages – Greek, Turkish
Ethnic groups - Greek 77%, Turkish 18%, other 5% (2001)
Flight – From London 4 hours 20 minutes
Average Temp winter – 2-3°C
Average Temp summer – Coast – 30°C, Inland - 35°C

Spain
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Spain

Officially the Kingdom of Spain, is a country located in south-western Europe on the Iberian Peninsula. The Spanish mainland is bordered to the south and east almost entirely by the Mediterranean Sea.

Spanish territory also includes the Balearic Islands in the Mediterranean, the Canary Islands in the Atlantic Ocean off the African coast, and two autonomous cities in North Africa that border Morocco. With an area of 504,030 km², Spain is the second largest country in Western Europe (behind France).

Spain is a constitutional monarchy organised as a parliamentary democracy, and has been a member of the European Union since 1986. It is a developed country with the ninth largest economy in the world and fifth largest in the EU, based on nominal GDP.

On average there are 2500 hours of sunshine a year in Spain.

Facts
Capital – Madrid
Largest city - Madrid
Currency – Euro
Time Zone – CET (UTC +1) Summer (DST) CEST (UTC +2)
Population - 45,200,737
Area – Total -  504,030 km² 195,364 sq mi
Coastline - 4,964 km
Bordering countries - Andorra 63.7 km, France 623 km, Gibraltar 1.2 km, Portugal 1,214 km
Major airports – Alicante, Barcelona, Madrid, Malaga, Murcia, Valencia
Religion - Roman Catholic 94%, other 6%
Languages – Castilian Spanish (official) 74%, Catalan 17%, Galician 7%, Basque 2%
Flight – From London to Barcelona is 2 hours; to Madrid is 2 hours 20 minutes and to Málaga is 2 hours 45 minutes
Average Temp winter – 14°C
Average Temp summer – 24°C