Leading Professional Services... across South East Europe Turkish Investments in the Balkans.

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 !