scholarly journals Land market and e-services in Bulgaria

2008 ◽  
Vol 53 (No. 4) ◽  
pp. 167-172 ◽  
Author(s):  
D. Stoyneva

Bulgaria faced and still is facing many challenges in the accession process to the EU. Free movement of capital, and especially the development of the land market, is one of them. Although the progress is made, the market is still developing and the land prices are still below the average prices in EU. There are different reasons for this: very fragmented land after the restitution process, chaotic transactions, lack of bank credits for agricultural purposes, unrealistic expectations after the accession to the EU, etc. The land lease continues to be the preferred way for land cultivation instead of buying of land. All those problems are studied in the current paper. A concept for e-service that could contribute to solving the problems is introduced; relevant e-services are summarized and a particular solution is presented that uses results of the eTen project Bizmap.net. It is described how this solution could be used in the Bulgarian land market.

Author(s):  
Proctor Charles

This chapter discusses EU banking law, which has significantly influenced banking regulation in the UK. It covers the background to the EU Directives in the field of banking law; deposit-taking prohibition; the authorization process; the relevance of the freedoms created by the EU Treaties; the right to establish a branch in other Member States; the right to provide services in other Member States; the provision of banking services from within an institution's home State; the free movement of capital and banking services; and a Commission Interpretative Communication on territoriality questions arising in the field of EU banking law.


2008 ◽  
Vol 53 (No. 4) ◽  
pp. 146-153 ◽  
Author(s):  
S. Buday

The agricultural land market in Slovakia has noted an increased dynamics recently. Such situation was a result of entering big foreign investors, particularly car factories, which had bought agricultural land for construction purposes. It resulted in the raised prices of plots. Agricultural land prices sold for the further agricultural use are markedly lower from the national point of view than in the EU-15. Such prices are also the third lowest ones within the new member countries of the EU.


Author(s):  
Luis M. Hinojosa-Martínez

Since the Treaty of Lisbon introduced ‘foreign direct investment’ into the provisions on the common commercial policy of the European Union (EU), the scope of that competence has raised a lively debate. Much less attention, however, has been paid to the rules on the free movement of capital in the Treaty on the Functioning of the European Union, although this area is highly relevant to clarify the blurred boundaries of the EU’s competence concerning foreign investment. This article reviews arguments from the chapter on the free movement of capital and from the recent European practice and case-law to shed light on the debate about the competence on foreign investment. It also depicts the circumstances in which the Court of Justice has to deliver its Opinion on the EU competence to sign and conclude the EU-Singapore Free Trade Agreement.


2008 ◽  
Vol 53 (No. 4) ◽  
pp. 154-160 ◽  
Author(s):  
J. Němec ◽  
J. Kučera

Land market has started to develop extremely in the Czech Republic since 2002. The annual sale and purchase of estates represented 0.2% of the total land resources between 1993−2001. The sale and the purchase have represented 2.9% of total land resources after 2002 and especially after the EU accession of the Czech Republic. These values of sale are the highest from the EU countries. On the other side, land prices decreased slightly in comparison with the prices before the EU accession. Prices of agricultural land are significantly lower than in the EU 15.


2012 ◽  
Vol 12 (2) ◽  
pp. 129-145
Author(s):  
Ondrej Hamuľák

Abstract Free movement of capital and payments represents the youngest of the freedoms within the single internal market of the European Union. Th e title “youngest” points on the very slow release of capital markets within the European Community and the European Union which leads to the tardy development of this freedom. It is young also from the view of the legal effects because it was the last of the freedom where direct effect of basal Treaty provision was accepted by the Court of Justice. In the heading of this article I awarded the forth freedom with the adjective “overlooked” which is clearly my subjective opinion on the approach of the EU law scholars to this part of the internal market law. In the most of the substantive textbooks and casebooks we may find only marginal space devoted to this field, especially in comparison with the other market freedoms. My objective is to off er and general introductive insight to this area and to certain extent cover the emerging gap.


2008 ◽  
Vol 53 (No. 4) ◽  
pp. 161-168 ◽  
Author(s):  
E. Hamza ◽  
K. Miskó

The Agricultural Economics Research Institute has launched a research project with the aim to analyse the Hungarian land market and the changes occurred since the EU accession as well as to present the tendencies of the development. The statistical data on the land market is rather deficient and cannot be considered representative, therefore, we also included some empirical experiments summarising experts’ opinion referring to all the counties of Hungary. In our paper, we provide our statements and conclusions. The survey shows that the landed property market in Hungary is in a state of anticipation. Demand is primarily for outstanding and good quality land of favourable location in certain countries or larger plots of arable and forestry land. Characteristically, the poorer quality, less accessible land of less favourable location in the neighbourhood of the depopulated, cul-de-sac villages is in oversupply. Scattered, wedged properties of small size or of unclear ownership (undivided common land) are difficult to sell. Many of the vendors are older people with subsistence worries or people who obtained the title by compensation but do not wish to get involved in cultivation. Increasingly more buyers are well capitalised farmers, who wish to increase their holdings, or to unite their property (by land swap). Another significant group of buyers wish to invest into landed property located in the neighbourhood of larger cities, at popular sites, next to main roads or motorways. According to our survey, in the immediate years before the EU accession land and lease prices increased significantly, many fold in relation to quality. Increases in land prices are due to a process of convergence to the EU prices intending to take advantage of the projected unified land market. Increases in lease prices are due to apportioning of the projected land based support between owner and lease holder. According to land sale experts (estate or realty agents) the land market will in the 5−10 years liven up resulting in increases in land and lease prices, although the extent of this cannot yet be prognosticated.


2007 ◽  
Vol 8 (11) ◽  
pp. 1027-1051 ◽  
Author(s):  
Peer Zumbansen ◽  
Daniel Saam

On its website “The EU Single Market – Fewer barriers, more opportunities”, the European Commission lists the judgments by the European Court of Justice [ECJ] dealing with the free movement of capital under Art 56 EC Treaty (ex 73b). The latest update of this list is the Court's Volkswagen decision of 23 October 2007 (Case C-112/2005), which the Commission had launched against the Federal Republic of Germany on 4 March 2005. This suit, brought under Art. 226 EC Treaty, had been long coming. That the Volkswagen statute, which effectively gave the Federal government and the Land (federal state) of Niedersachsen (Lower Saxony) a veto against majority acquisition while only holding a fifth of all shares, would come into the Commission's purview, could hardly surprise, given the Commission's activity with regard to such ‘golden share’ provisions under Portuguese, French, Belgian and English company laws. The most recent decision of the ECJ in the case of Volkswagen is of interest in more than one respect. Not only does it constitute a continuation and further accentuation of a line of argument that the Court has been unfolding over past few years with regard to the Member State provisions in conflict with the EC's guarantee of the free movement of capital as laid down in Art. 56 EC.


Author(s):  
І. П. Яновська

Стаття присвячена аналізу сучасних тенденцій розвитку правового регулювання депозитарної системи в ЄС, зокрема збільшенню технічних норм в нормативних актах ЄС. Ідентифіковано проблемні питання, через які ринки постторгових послуг залишають­ся національно-орієнтованими, а через те недостатньо сприяють вільному руху капіталу у формі фінансових інструментів, в т. ч. цінних паперів, в масштабі ЄС.   The article deals with the analysis of current trends in the legal regulation of depository system in the EU, in particular the increase in technical standards in EU legislation. It also identifies problematic issues due to which markets of post-trading services are nationally-oriented, and therefore contribute little to the free movement of capital in the form of financial instruments, including securities, within the EU.


Sign in / Sign up

Export Citation Format

Share Document