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Who Will Profit Most from New GUP?

Investors, project designers and construction companies appear to have all gotten what they wanted from the new Urban Development Master Plan (GUP) – the opportunity to build throughout Zagreb in a much less constricted way. The paper lists the...

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EPH CEO Stipe Oreskovic

Helsinki Satisfied with Crotram

Quaestus Real Estate IPO

Belupo Trying to Establish Pharmacy Chain

Plodine Makes Big Strides

Sailing Weekend

The Sunsail / Thirsty Thursday Sailing Weekend

 We are planning another sailing weekend for the May Bank holiday.  If you are interested, please email us to register.  CLICK HERE


For advice on buying property, living, working or moving to Croatia, please contact us. Click on the image below to launch a live CHAT session, alternatively email us directly with your questions. 


Live chat by Boldchat

Live chat by Boldchat

The office is open Monday to Friday from 9am to 5pm Central European Time.  If you are trying to contact us out of these houses, please email - info


Adriatic Property Services has a range of removal services available to assist people in getting their belongings into Croatia. Click here for details

Currency Reports


May Currency Report


Currency Report provided by HIFX Plc
The ECB raised interest rates by 0.25% to 2.75% when they met earlier this month despite speculation in the market of a 0.50% hike. In the accompanying statement, Trichet indicated that rates were still below ‘normal’ levels although stated that the bank were not in a position where rates needed to be raised quickly. He stated that there is no pre-determined path of ECB rate changes thus giving no clues as to when the next hike is likely to come.
In May, inflation estimates came out at 2.5%, significantly higher than the ECB’s 2.00% target level. Risks to inflation remain to the upside although this is heavily dependent upon oil prices. Whilst this is the case, the inflation/growth trade off could present something of a policy dilemma for the ECB as they are unlikely to want to be seen to be raising interest rates if growth is slowing.
In the UK, the Bank of England unsurprisingly left interest rates on hold at 4.50% as risks to growth and inflation remain finely in the balance. The past two months have seen interest rate sentiment in the UK switch from the possibility of a rate cut to expectations that the next move from the MPC will be upward. Further weight was added to the argument this week when CPI (Consumer Price Index – a measure of inflation) came out at 2.2%y/y significantly above the Bank of England’s 2.0% target.
Expectations of higher interest rates in the EU have resulted in the Euro strengthening against Sterling and GBPEUR trading down from 1.4805 (17/05/06) to 1.4470 (08/06/06). Sterling has since recovered to 1.4650 (14/06/06) leaving GBPEUR in a sideways trading pattern once again.


Other News:

SDP and Constitutional Changes, 11.01.2007.

Dalmatian Popularity Poll, 09.01.2007.

Currency Report - Tuesday 7th November, 07.11.2006.

Currency Report - 13th Dec 2005, 13.12.2005.

Currency Report - 11th Nov 2005, 21.11.2005.



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