Zaha Hadid project will change the landscape of Bratislava

The planned Sky Park, Bratislava, Slovakia (Zaha Hadid Architects, Public domain)

Estonia issued three large investor residence permits in 2018

More Bulgarians travelled abroad in 2018

Slovakia

The first of four residential towers of Sky Park, a project designed by the prominent Zaha Hadid Architect studio, reached its final height at the 31st floor. Two towers that are under construction will reach their final height in the H1’19. Located in the south-eastern part of Bratislava, Sky Park will convert the area into a 20,000 sqm public park, residential and business part of the Slovak capital city.

“There are only a few projects by late Zaha Hadid in the world offering penthouses and all these belong to the best of what the real estate market offers,” said Jozef Šimek from Penta Real Estate, which is the investor.  

Most of apartments in the first tower have been already sold. The most expensive and luxurious one is located in the first tower on the 29th floor and costs EUR1.7m.

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Estonia

Estonia’s Police and Border Guard Board (PPA) issued three large investor residence permits. To obtain such permit a person has to invest at least EUR1m in Estonia. The nationality of thenew residents was not disclosed, however, last year all recipients of the so called “Golden Visa” were Russians, daily Eesti Päevaleht reports. According to Killu Vantsi, adviser at the Citizenship and Migration Policy Department, Estonia wants to broaden the pool of potential investors and attract more foreign investments to give a positive boost to the economy.

Meanwhile, the European Commission published a report urging the EU members to curb the practice of giving out residency or citizenship in return for large-scale investments. According Justice Commissioner Vera Jourova, investor residence and citizenship schemes should not be a weak link in the EU’s efforts to control corruption and money laundering, which has become an area of concern in recent months.

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Bulgaria

The most recent data from the National Statistical Institute confirmed the growth of tourism in Bulgaria. In December 2018, Bulgarians made 478,400 trips abroad, 4.2 per cent more y/y. Bulgarians visited mainly Greece (88,783), Serbia (36,059), Romania (34,218) and Germany (41,233).

The number of arrivals of foreign tourists was 619,900, up 4 per cent y/y. They were Romanians (136,800), Greeks (105,000) and Turks (94,400). A significant increase was registered in the visits from the UK, Germany, Italy and Poland.

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What’s up in indexes

BET (of Bucharest) decreased from 7053.67 index points Friday, January 25th to 6994.69 index points Monday, January 28th. It’s down 0.92 per cent d/d and down 16.97 per cent y/y.

BUX (of Budapest) increased from 40944.82 index points Friday, January 25th to 41332.00 index points Monday, January 28th. It’s up 0.95 per cent d/d and up 2.05 per cent y/y.

CROBEX (of Zagreb) decreased from ,762.22 index points Friday, January 25th to 1,760.28 index points Monday, January 28th. It’s down 0.11 per cent d/d and down 3.49 per cent y/y.

OMXR (of Riga) decreased from 983.93 index points Friday, January 25th to 983.26 index points Monday, January 28th. It’s down 0.07 per cent d/d and down 5.06 per cent y/y.

OMXT (of Tallinn) decreased from 1224.62 index points Friday, January 25th to 1222.14 index points Monday, January 28th. It’s down 0.20 per cent d/d and down 5.20 per cent y/y.

OMXV (of Vilnius) decreased from 646.73 index points Friday, January 25th to 646.07 index points Monday, January 28th. It’s down 0.10 per cent d/d and down 11.34 per cent y/y.

PX (of Prague) increased from 1023.10 index points Friday, January 25th to 1025.14 index points Monday, January 28th. It’s up 0.20 per cent d/d and down 9.38 per cent y/y.

SAX (of Bratislava) decreased from 331.94 index points Friday, January 25th to 331.51 index points Monday, January 28th. It’s down 0.13 per cent d/d and down 0.94 per cent y/y.

SOFIX (of Sofia) increased from 573.33 index points Friday, January 25th to 573.50 index points Monday, January 28th. It’s up 0.03 per cent d/d and down 19.16 per cent y/y.

UX (of Kyiv) closed at 1,710.65 index points Monday, January 28th. It’s the same result as Monday’s.  It’s 0 per cent change d/d and up 16.92 per cent y/y.

WIG20 (of Warsaw) decreased from 2398.74 index points Friday, January 25th to 2370.62 index points Monday, January 28th. It’s down 1.17 per cent d/d and down 8.59 per cent y/y.

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