eurolink presentation

• Bulgaria

• Varna

• Eurolink Investment Group

• Our Projects

EIG PRESENTATION

We make things happen

BULGARIA AT A GLANCE

• Area: 110,994 sq. km • Population: 7.8 million • Political system: Parliamentary Democracy • GDP: € 35.2 billion (2009) • GDP per Capita: € 4,500 • Inflation: 4.6% • Unemployment: 10.4%

Source: Invest Bulgaria Agency


REASONS TO INVEST IN BULGARIA

• Corporation tax a flat 10% • Equipment imports are VAT exempt for investment projects over € 5 million

• Annual depreciation of 50% allowable on

software, hardware and most other assets

• 61 double taxation treaties

• 66 mutual protection and promotion of foreign investment agreements (Qatar – 22.03.10)


REASONS TO INVEST IN BULGARIA


• Highly skilled, multilingual workforce at Europe’s most competitive wage

• Stable and predictable business and political environment

• EU membership since January 1, 2007 gives access to markets of over 500 million customers

• The lowest operational costs and tax rates in European market economy

BULGARIA FACT SHEET


Sustained growth, Euro pegged, GDP (€billion)

21.9

25.2

28.9

34.135.2 36.2

0

5

10

15

20

25

30

35

40

2005 2006 2007 2008 2009 2010


BULGARIA FACT SHEET


Low inflation

Source: Bulgarian National Bank

2004 – 4.0 %

2005 – 6.5 %

2006 – 6.5 %

2007 – 12.5 %

2008 – 7.8 %

2009 – 4,6 %

Inflation (annual change, %) 2002 - 2009

BULGARIA FACT SHEET


Southeast Europe’s leader in attracting FDI


Registered FDI Inflow (€m)

6,549

8,596

6,222

3,1522,736

1,851

866 9809031,103

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

BULGARIA FACT SHEET


Southeast Europe’s leader in attracting FDI


Registered FDI as % of GDP 2008

2.53.03.43.7

4.24.9

18.1

5.55.6

6.6

0

2

4

6

8

10

12

14

16

18

20

Bulgaria Romania Serbia Ukraine Czech

Rep

Latvia Estonia Hungary Poland Slovakia

WHY VARNA ?


• Fastest developing city on the Black Sea

• Location – beaches, mountains & forests

• Transport infrastructure – airport, port & roads

• Lifestyle - quality food, top healthcare & leisure

• Social - resorts, night life & culture

VARNA AT A GLANCE


• Location: East – Black Sea • Time zone: EET (UTC+2) • Area: 238 sq km • Population: 1 million • FDI: 2008 – € 320m • Education: 8 universities • Healthcare: private & state hospitals and medical clinics • Portion of Bulgarian GDP: 15% • Unemployment: 5.14%

VARNA - ECONOMY


• Second largest city in Bulgaria,

important administrative, industrial, and tourist centre

• Service driven local economy • Key revenue distribution:

• 61% - trade and tourism • 14% - transport & communications • 6% - manufacturing • 6% - construction

VARNA - LOCATION


• The Pearl of the Black Sea is situated in North-Eastern Bulgaria • Near Golden Sands Nature Reserve

and pristine forests of Kamchia River • Extensive hill network surrounding and

protecting the city from adverse weather and providing stunning sea views • Varna and Ticha Lakes are rich in wildlife and provide

numerous and varied leisure activities

• 3 hr direct flight from London or Larnaca, 3.5 hr from Paris, currently 5 -7 hr from Doha

VARNA – CLIMATE & RESORTS


• Mediterranean climate - warm, sunny days May to October with mid-summer air temperatures averaging 28°C and sea temperatures ranging from 23-25°C

• Spring and autumn are cooler but still

pleasantly warm with average air temperature in Varna around 18°C

• Besides being a beach resort in its own

right, Varna also offers easy access to the extremely popular beach resorts of Golden Sands, Balchik and Albena

VARNA - HISTORY


• Ancient, medieval, renaissance and modern cultures mingle and coexist throughout the city of Varna

• Varna was founded around 580 BC, when Miletian sea-farers settled the historic lands of the Thracian tribe of Crobisi and founded their colony, originally named Odessos

• Following its liberation from Ottoman rule in 1878, Varna quickly became established as a prestige resort for the social elite, a status retained through communist rule and into the modern day

VARNA - PORT


• Top facility for handling of dry cargo

in Bulgaria • Handles all types of cargo - grain,

containers, chemicals and liquids

• Only rail terminal on the Black Sea switching the gauge of rail wagons from European to Russian standard

A Crossroad between Europe, Asia and Africa.

• These unique advantages provide one of the

fastest and most economic routes for traffic between Europe and Asia

VARNA - AIRPORT


• The second largest airport in Bulgaria after the capital Sofia

• 75 airlines flying to more than 95 destinations in 36 countries around the world

• Committed investment of € 29m for a new 3-level passenger terminal at Varna International Airport

VARNA - INFRASTRUCTURE


• Construction of the Cherno More motorway connecting Varna and

Burgas (134 km), the two largest Bulgarian cities and ports on the Black Sea, is a key Government deliverable

• The Asparuhovo Bridge connects the Asparuhovo quarter to the

rest of the city over the channel between the Black Sea and Lake Varna

• One of the highest densities of road infrastructure in Eastern Europe

• One of the routes of major importance for the district is the Hemus motorway, leading to Sofia

VARNA – CULTURAL CENTRE


• Museums, theatres, professional arts companies, arts festivals, and visual arts exhibitions

• Literary and music publishing, as well as bustling current pop music and club culture scene

• Varna is set to be the front-runner for European Capital of Culture for 2019. The municipality is planning to open several new high-profile facilities including a new opera house and concert hall and a new exhibition centre in that year

VARNA – HEALTHCARE


• Emergency treatment is available in all medical establishments in Varna for non-nationals as well as locals

• A higher degree of specialisation is available at the numerous

affordable private facilities distributed around the city

• Private hospitals in Varna meet and generally exceed the European Union requirements and standards

• Bulgaria has become a haven for tourists who travel to obtain

extremely low-cost and excellent quality cosmetic surgery and dental care

VARNA – SPA WATERS


• Varna has been a world-famous spa

and wellness centre since 1950 • Modern balneotherapy and spa

facilities with 12 mineral springs in the region

• Renowned clay mud skin treatment using local sediments

from the Varna Firth Lake • Sand medication, lye treatment, solar treatment and sea

baths are all very popular with visitors

HIGH QUALITY FOOD


• Minimal transport ensures produce is in peak condition with a high nutritional content

• Very low use of pesticides creates an organic system promoting health and protecting local wildlife

• Vegetables, fruit and meat locally produced throughout the year

• Game available in season and fresh fish year round

• Quality of produce is very high and the cost extremely low

1994

Company history

1996

2006

Eurolink Investment Group was introduced to the Bulgarian market in 1994 as a specialized consulting unit focused on the privatization of state-owned enterprises. By 1995 the Group had successfully guided its clients through the privatisation of 18 state factories. In 1994 Eurolink Investment Group entered a joint venture with Dutch investors in the textile and footwear industry. By 1996 the Group jointly owned 32 factories with a personnel consisting of 40 managers and 1000 employees. The total units produced per month reached 500,000. In 1996 Eurolink Investment Group sold its share in the textile and footwear business. Consequently, Eurolink Investment Ltd was set up with the aim to find new investment opportunities in Bulgaria. Varna’s real estate industry was identified as a key business sector, offering lucrative investment opportunities. In 1996 Eurolink Investment Group incorporated Buy & Sell Bulgaria Ltd. The Group was a pioneer in acquiring prime land in top locations around Varna, ensuring that our land has the potential of accommodating the city plans for expansion.

In 2006 the Group registered its third division Eurolink Finance Ltd. It offers a wide range of financial services that are tailor-made to the needs of the company’s clientele.


Corporate profile Eurolink Investment Group

consists of

BUY & SELL BULGARIA LTD.

deals with buying and selling land and properties for the Group’s clients.

EUROLINK INVESTMENTS LTD.

deals with acquisition of land and properties for the Group itself & for a selected group of clients. It conducts market research for companies operating in Bulgaria or foreign companies interested in penetrating into the Bulgarian market. EUROLINK BUILD LTD.

the Group’s construction arm, fully equipped and licensed to build housing, commercial and industrial complexes.

EUROLINK FINANCE LTD.

deals with the financial operations and obligations on the Group’s investment projects and the implementation of its strategy.

MANPOWER BULGARIA LTD.

specializes in providing technical support and a wide range of machinery for the needs of the Group.


Mission, Vision, Principles MISSION

to create a brand new city, New Varna, which will become a preferred place for living, raising children and retiring .

VISION

to achieve an optimal financial return for our clients through responsible business practices and to contribute to the improvement of the standard of living of the communities we belong to.

PRINCIPLES

Perfect and in-depth knowledge of the market, the business environment, the Bulgarian laws and regulations, the future plans and ambitions of the state and, above all, the mentality, culture and potential of the Bulgarian people.

Understanding our client’s aspirations and goals, and offering the highest possible standard of professional services to cover the wide spectrum of Investment, Property Development, Project & Property Management, Investment Financing, Mortgages, Banking and Legal Services, Construction and Architecture.

The Group’s investment strategy reaches beyond the realization of its business goals. Eurolink Investment Group enjoys a close relationship with the local authorities of Varna, with the aim to secure a thriving and sustainable standard of living in the area.


Our Team

1. Land Investment and Development

2. Investment Financing

3. Investment Management

4. Accounting and Legal services

5. Market Research

Our Group’s dynamic workforce consists of 40 highly motivated professionals specialised in:


New Varna

New Varna

Eurolink Investment Group is the major owner of the land on which New Varna will be built. Its development is expected to take between 10 and 15 years. Since January 2009 work on the infrastructure of the area has already commenced.

The land owned by the Group has already been included in the official new Town Plan for the Development and Expansion of Varna. New Varna will be built on the south side of the Sea Lake, in the areas of Konstantinovo, Galata, and Zvezditsa. Eurolink Investment Group owns 75% of the land between Konstantinovo and Zvezditsa, as well as the land around Konstantinovo and the town of Beloslav.


New Varna

At present Eurolink Investment Group is the owner of more than 13.5 million square meters of prime land that borders the Sea Lake of Varna and is within the city boundaries. As of December 2008 the value of this land was estimated at more than €260 mn, based on the average price of land transactions declared at the Varna Land Registry in 2008. According to national and international land and property specialists and publications, such as the Knight Frank Report, Hot Property Magazine and the Bulgarian Real Estate Agents Association, this land is classified as one of the best locations in Bulgaria.

Our vision is to create a brand new city, New Varna, which will become a preferred place for living, raising children and retiring. We aim to create a modern and environmentally friendly city, which will offer high standards and quality of living to its inhabitants.

Eurolink Investment Group offers land that is undisputedly a first class product and follows a disciplined and well-structured strategy. These two attributes form a solid platform from which the Group is expected to continue its successful progress.

New Varna


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