COBCOE have sent out the following invitation to two major London events that could be of interest to users of this service.
Dear friends and colleagues,
You are cordially invited to the following two events supported by COBCOE taking place in April in London.
London – 3rd April 2013
IBDE: Global Economic Forum – Best Practices in Trade and Investment Promotion
Held at the heart of the UK’s Financial an Trade Centre in the City of London this high level, targeted event, will bring together a wide range of senior policy-makers, executives from international Trade and Investment Agencies, diplomats, business leaders, economists as well as experts from participating sectors and institutions.
Further information, programme and registration available on the link below.
IBDE: Global Economic Forum
London – 8th April 2013
British Chamber of Commerce in Germany: London conference “The future of the European Union“
BCCG invite you to its London EU Conference to be held at the Commerzbank London branch in the City of London. Further information, programme and registration available on the link below.
Please also don’t forget to book your place at
COBCOE’s 40th Anniversary Gala Dinner & Awards Ceremony on 10th April 2013 at the Guildhall
Full information in the flyer and on the link below
COBCOE Gala Dinner
We look forward to seeing you soon.
- Boris defends bankers on French radio (bbc.co.uk)
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Baker Tilly Klitou sent us this important reminder for those with assets in Romania
With regard to the upcoming year closing, according to the Order 3055 / 2009 for approving the Romanian Accounting Regulations, we kindly inform you that you have to perform an assessment of the tangible assets owned by the company.
Furthermore, according the art. 253 of the Law 571 / 2003 regarding Fiscal code with subsequent changes, the legal entities are required to compute and pay taxes on the buildings owned, as follows:
· between 0,5% and 1,5% of the value of the building, if the owner has performed at least an evaluation of the buildings in the last 3 fiscal years;
· between 10% and 20% of the value of the building, if the owner has not made any evaluation of the buildings in the last 3 fiscal years;
· between 20% and 40% of the value of the building, if the owner has not made any revaluation of buildings in the last 5 fiscal years.
Should you need to perform an evaluation of buildings owned by the company, so that the level of taxes payable by the company for the buildings owned to be ranked between 0,5 and 1,5 of the value of the building, please send your requests back to us to the address info
Baker Tilly Klitou is an independent member of Baker Tilly International which is a global network of high quality, independent accountancy and business services firms, all of whom are committed to providing the best possible service to you, wherever you needs help, in Romania and across the world.
Baker Tilly Klitou is member of Romanian Chartered Accountants Body (CECCAR), member of Romanian Chamber of Tax Advisors (CCFR), member of Romanian Chamber of Auditors (CAFR), as well as member of Romanian Evaluators Association (ANEVAR).
Our team includes qualified professionals able to provide full range of accounting and payroll services, tax consulting, audit as well as evaluation of properties.
Should you need further clarifications regarding the aforementioned information, our consultants are at your disposal.
BEST WISHES FOR A HEALTHY AND PROSPEROUS 2012!
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Martin Oxley sent this out for the Foreign and Commonwealth office and we are pleased to assist in its propagation.
Dear Quoracy.com subscribers,
Poland presents an attractive nearshore growth opportunity for Britain Plc. In line with the new UKTI strategy presented to government recently by Lord Green, Minister of State for Trade and Investment we are introducing a step change in the way UKTI supports British business growth.
We are taking a very proactive approach on behalf of government to provide a range of bespoke services to enable British SME’s to significantly enhance exports and also work with large corporations to win major overseas contracts and expedite their growth in market.
With our new Ambassador HMA Robin Barnett and the Embassy team we are engaging to support strong growth oriented business agenda in Poland.
With this in mind I am pleased to attach a brief outline of the services which UKTI has developed to support British business in Poland. I very much look forward to meeting you over the course of the coming weeks to discuss with you how we can assist you with your specific company needs.
I am very happy to visit you or alternatively you would be most welcome to visit us and I will provide you a tour of our excellent event facilities at the Embassy.
Quoracy.com would also like to take this opportunity to congratulate our dear friend Martin Oxley on his recent new appointment to the FCO in Warsaw, and to wish him every success working with Her Majesty’s new Ambassador to Poland, His Excellency Robin Barnett. We wish you and your team many successes and a lot of fun.
Two fantastic free resources courtesy of Baker Tilly Czech Republic.
I was recently reminded of something my old gardener told me about ivy. I had been surprised at how slow some lovely variegated ivy that had been planted by my fence was coming on, and his words were as follows:
With ivy, the first year it is put in, it does nothing, it just sulks at having been put in a new place. The second year is starts to spread out horizontally along the ground by the bottom of the fence, and in the third year it starts to grow upward, like a curtain.
Wise words, from someone who knew his onions. And his ivy. It seems to me that this is a great analogy for many new businesses. Entrepreneurs obviously look for a rapid return on capital employed. They want their profits and the cash back to invest in the next thing. But nature takes its course with some businesses just like it does with the ivy, and you cannot rush it.
The first year, you have set up costs, people are getting used to each other in a new team with a new product, new identity. This is like the ivy “sulking” – just establishing a new root system and adapting to the chemistry of the soil and the direction of the light.
The second year you start to see sales pick up but the prices are not that good yet and also the volumes don’t allow the contribution to cover fixed costs. You get growth but you don’t get the profit. It is like the ivy growing along the ground by the bottom of the fence. It is obviously going somewhere, but you aren’t getting the effect of it yet.
The third year you reach a certain critical mass, you break even you start to nudge into profit, your cash flows turn the corner and you start paying back your seed finance. This is like the ivy making its curtain up the fence.
If the ivy survives at all, it will certainly produce the coverage in time. The same with these new businesses. They simply need to be nurtured and for nature to be allowed to take its course. If the soil is right, the light is there, and the water, the plant healthy, then it will do what it is programmed to do in its own time. Micro-managing it will not help. Restructuring the team which is only starting to gel will not help. it will be like transplanting the ivy at the end of the second year for failing to raise – it will only go through its sulking and creeping years all over again in the new position.
- Poison ivy risks fade if you take precautions (seattletimes.nwsource.com)
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“Cyprus: a vehicle for international transactions and investments”
Intercontinental Hotel, Emilii Platter 49, Warsaw
16 June 2011, 8.00am – 11.00am
This event is aimed at introducing Cyprus companies as vehicles for international transactions and investments covering the key requirements applied by the authorities and the banking system in Cyprus and Poland.
Experienced professionals and speakers of Baker Tilly Poland and Baker Tilly Klitou of Cyprus will be presenting a range of topics, suggesting practical solutions and sharing their experience. A Q&A session before the close of the event will give participants the opportunity to talk directly with our speakers in order to raise their queries or obtain additional information.
8.00 – 8.35 am - Business breakfast
8.35 – 8.40 am - Welcome address
David James, International Liaison Partner, Baker Tilly Poland
8.40 – 8.55 am - “Cyprus transactions: Polish taxation”
Steven Foster, Baker Tilly Poland
8.55 – 9.10 am - “Cyprus: an attractive investment and business destination”
Marios Klitou, CEO of Baker Tilly Klitou
9.10 – 9.25 am - “IFRS Regulations in Cyprus”
Christodoulos Loulloupis, Director, Audit Services, Baker Tilly Klitou
9.25 – 9.40 am - “Tax in Cyprus and structuring ideas”
Therapon Mafkas, Director, Tax Services, Baker Tilly Klitou
9.40 – 9.55 am - “Collective Investment Schemes”
Chris Koutouroushis, General Manager, Bizserve Consultants Ltd
9.55 – 10.10 am - Presentation from a Cyprus bank on “International Banking in Cyprus”
10.10 – 10.25 am - “Polish-Cypriot success stories – Enhancing investment opportunities”
David James, International Liaison Partner, Baker Tilly Poland
10.25 – 10.55 am - Questions & Answers
11.00 am - Close of Conference
In order to obtain your free registration, please contact firstname.lastname@example.org by Wednesday, 8th June 2011. If demand exceeds space available, registration will be first come, first served.
We look forward to seeing you at the Conference!
- Why Buy A Property In Cyprus Is A Good Idea For You? (propertiesincyprus.wordpress.com)
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