A premier stay for business in Hungary

Mathieu van Alphen, General Manager of Intercontinental Hotel Budapest has a clear vision of a promising future. Four years ago he chose Budapest to reside after spending almost six years in Köln, Germany. “The crisis has lifted and the economy is picking up,” he says. Referring to Hungary’s EU presidency and its impact on Hungarian tourism, he says that most hotels in Budapest have benefited from associated delegations. “I hope these people will soon return, either for business or for fun. If so, one of the main goals of the presidency, enhancing the image of the country, can be regarded as accomplished”.

The Dutch way
Van Alphen plans to maintain the quality of the hotel as a product by concentrating on his staff. “We are fully committed to supporting and developing our people; our hotel is only as good as the people working in it. We aim to provide the right environment, support and inspiration they need to fulfil their capability and excel in guest service” he says. “Guest satisfaction leads to loyalty, which leads to returning guests which leads to profit. It is also equally important to integrate into the local community,” the GM continues. “This is one of those things Dutch people are good at, historically. The Dutch have always been open to different nations and adaptable to different cultures.”

Van Alphen finds it essential to strengthen the catering line, reflecting that this is the ultimate way to reach local clientele. “This hotel has a perfect location, if not the best, in the heart of Budapest. From here, you cannot really go wrong. You can see the whole heritage of Budapest from the guest room windows, or relax with a cocktail on a terrace overlooking the Danube.” van Alphen says. The hotel sees up to 250,000 guests per year, including the hotel’s restaurant, bar and terrace Corso. “Someone who drops in for a coffee or a drink, and likes what he sees, might bring a conference here sometime. Businessmen coming for conferences might come back as tourists,” Van Alphen suggests, adding that business travellers tend to extend their stays and see the city when receiving a little input.

“Our responsibility as hoteliers is to put the Hungarian capital on the map, for all our sakes, promoting it as a fresh, young, modern gateway of East and West,” he says. “There should be more cultural events, more festivals and fairs, targeting not only the young,” he notes.

Branding
“Today, brand is everything. If you have a world famous one, such as the Intercontinental Hotels Group (IHG), people will seek it out. It is both challenging and comforting to be part of such a giant company,” van Alphen says.

With over 4,400 hotels and more than 640,000 guest rooms in 100 countries, IHG is, in fact, the world’s largest hotel group by number of rooms. The Group also manages the world’s largest hotel loyalty program with 56 million members worldwide. IHG has almost 1,300 hotels in its development pipeline, which is expected to create 160,000 jobs worldwide over the next few years”.

30th anniversary
This year, the hotel celebrates its 30th anniversary. “Over this period of time, we believe, this hotel has given a lot of fond memories to a lot of people. We are to invite former employees including former managing directors, to celebrate. The hotel, under van Alphen’s leadership, was ranked among “The World’s Best Hotels” in the January 2011 issue of Travel + Leisure magazine. The hotel also won the annual Hotel Stars Awards for an outstanding performance and contribution to the business and the local community in which they operate. “

Intercontinental Budapest, Apáczai Csere J. u. 12-14., 1052 Budapest, Hungary
Tel.: +36 1 327 6333; Fax: +36 1327 6357; www.budapest.intercontinental.com

Luxury apartments in Vienna

Twenty-six elegantly furnished apartments with Concierge Service, sized 31–59sq m are waiting to be discovered at Boarding House OrchideenPark, the exclusive apartment estate in Vienna’s finest district.

Demand for premium rental housing with hotel-like services looks set to continue to increase sharply. Future housing will have to take on stronger individual identities. For example, the composition of home areas for entertainment, residence, and relaxation is very important. Consumer behavior will depend more on the little things. Working people with busy schedules increasingly seek help in their day-to-day chores, such as dry-cleaning pick-up, room service etc. What better idea than to have a concierge in your apartment building? The first impression counts and that certainly will become more and more the case in the future – the home’s atmosphere must begin at the front door and be immediately convincing.

Boarding House OrchideenPark in Vienna offers elegantly furnished apartments with a concierge service for short or long-term stays. This is a compelling alternative to a traditional hotel stay. Usually, hotel rooms make you feel crowded for lack of space and storage. However, the apartments at Boarding House OrchideenPark are equipped with a kitchen, bathroom, living room, DVD Player, TV-set and a yard for you to enjoy a relaxing breakfast. Do your laundry, cook a meal, and invite guests to your apartment. Plenty of natural light, premium oak parquet floors, as well as real Carrara marble in the bathroom render a classy atmosphere. Here, you truly are home away from home and boarding House OrchideenPark is perfect for business travellers and visitors alike.

When you first enter the OrchideenPark lobby, the concierge team will welcome you to a new world and help you with whatever you may need. The team serves as your messenger, deals with officials on your behalf and contacts service providers with your requests. The concierge team also has the expertise to help you get what you want with ticket reservation, restaurant recommendations, dry cleaning services and more. So far, this kind of personalised service has only been available at top-class hotels – at Boarding House OrchideenPark you actually live as if you were at home on holiday.

The on-site Fitness Studio is the ideal athletic counterpoint to your everyday life as well as the sauna and the spa. The outdoor pool awaits you in summer.

Boarding House OrchideenPark is located in the quiet residential area “Döbling” of Vienna. Various well-known destinations can be reached on daytrips, like the wine village Grinzing, as well as the recreational value obtained at the “Vienna Woods”. The estate is surrounded with excellent public transport connections such as metro (line to the City Center), tram and various busses.

Experience five-star treatment with personal flair at a convincing price. Rates start at f59 per apartment and night, at a minimum stay of 30 nights, including amenities like gas, water, electricity, heat, change of bedding and cleaning once a week.

Boarding House OrchideenPark – Temporary Living; Püchlgasse 1A-1D; 1190 Vienna, Austria; Phone: +43/1/236 29 88 10; concierge@orchideenpark.at; www.ig-boardinghouse.at

The driving force in the Middle East

Since it was established in 1987, Holiday Autos has had a long history in winning industry awards (138 to be exact) and every award has provided the motivation to continue leading the industry in innovation, customer service and continuous improvement in making your purchase experience quick and easy. It is therefore with great pleasure that Business Destinations announces that Holiday Autos has been named Best Car Rental Company in the Middle East, 2011.

Holiday Autos were the pioneers in the broker model and have grown since then to become the world’s largest and leading leisure car rental broker by excelling in efficiency and quality. With several country offices spanning the globe, the firm best placed to provide the broadest range of product available, the most competitive prices, and most flexible solutions, thus offering the greatest value.

In light of this, Holiday Autos continue to be committed to making the car hire experience as easy and stress-free as possible for customers and in the coming decades intends to build on our experience and bring increasing clarity in a crowded marketplace.

Over the last 24 years strong relationships with car hire partners have been developed which means that the best possible service, prices and availability for customers is negotiated. Holiday Autos customers can also access to hundreds of different car types from the biggest brands to the best local suppliers in each destination and is regarded as a market-leading, trusted brand in the car hire sector. Last year, more than 100,000 customers recommended the service to family and friends.

Strength through credibility
During the long period Holiday Autos has been in business, the company has built strong credibility with customers and trade partners by consistently delivering quality products and services. There is immense confidence in the Holiday Autos brand worldwide and this is further enhanced by partner companies, which are industry leaders in their own right, such as lastminute.com and travelocity.

This confidence is also supported by parent company Sabre Holdings, which is the world’s leading provider of technology solutions for the travel, air transportation, hospitality industry and retail travel products for travellers and corporations. Sabre Holdings established in 1960 and headquartered in Southlake, Texas, USA, now employs approximately 10,000 employees in 60 countries.

Best prices
Due to the buying power generated from an excess of 10m car rental days and over £220m sales annually, Holiday Autos are able to negotiate extremely competitive rates with suppliers worldwide, thereby offering a product in the market which has one of the lowest rates. So confident is Holiday Autos of this that they guarantee to beat any like-for-like competitor quote by US$5.00. The holiday autos product is also low-cost, fully inclusive car hire, with no hidden extras, at over 5,000 locations in 100 countries!

Customer service
Customer service is key for Holiday Autos and as a service provider, and the firm takes full ownership for handling all complaints and customer queries. The Customer Queries and Complaint Handling Procedure ensures that all communiqués are logged and an acknowledgement is sent to customer within 48 hours. In the event of a customer needing to contact in an emergency or during their rental, there is a 24 hour telephone number which will be answered by a member of staff of the supplier able to assist them. This telephone number is stated on all vouchers.The current customer complaint ratio is 3-4 percent, which is one of the lowest complaint ratios in the industry.

Convenience and quality
Keep it simple with no whistles or bells, you travel and you need a car, and Holiday Autos can make this a painless experience.  One price without add-on’s & with no hidden charges – you pay for everything on your credit card before you go. So when you get there, you just land, pick up and drive off. Economy, compact, to the more carbon conscious, luxury or prestige (subject to location & supplier availability). Whatever you needs, wherever you are – Holiday Autos brokers it all. No fuss, no hassle. Prices include unlimited mileage and all compulsory insurances, taxes and surcharges hence no hidden extras and rental costs are prepaid to give peace of mind against fluctuating exchange rates.

Holiday autos is a true car hire expert and continues to enhance the convenience, affordability and enjoyability of the holiday autos product. At the same time, demand the highest possible standards from our suppliers.  We have strict quality control procedures including regular audits, and of course, feedback from our customers.  The result is that holiday autos’ service standards are recognized as being among the best in the business.

It is true that the car hire market has become extremely competitive in recent years with many new and unknown players operating in this business, including faceless ‘metasearch’ sites set up just to compare prices and facilitate bookings. Holiday Autos prides itself on being a trusted expert in the field and communicating clearly and openly to our customers.
Business Integrity is very important and a proactive PR campaign raising awareness of ‘cowboy’ brokers in the industry was recently run to inform customers of the risks they run by not researching the website they are booking with when booking via an unfamiliar online broker. Additionally discussions with the BVRLA about creating and spearheading a code of conduct specifically for brokers to increase clarity and help reassure customers are also being held.

Green travel
Holiday Autos has a “carbonwise” scheme in place to offer customers the option to offset their carbon emissions every time they rent a car. By using the online calculator customers can work out how much CO2 they will emit and then will have an opportunity to offset their car hire emission. The money goes to Climate Care, an organisation dedicated to reducing global warming. They fund projects that cut greenhouse gas emissions in developing countries, benefiting local communities.

Green cars, including hybrids, are also available in selected locations in UK, Menorca, France, Sweden, Ireland, USA and the Canaries. Discussions are ongoing with suppliers to make this booking option available in more locations. Hybrid cars are powered using either bio-ethanol fuel technology or a mix of electric and fuel technology, but all the cars can also take normal fuel.

Sustainability and community investment
Sabre Holdings as a group is committed to minimizing the environmental impact of its global operations through initiatives that include reducing the environmental footprint, promoting sustainable travel and tourism through industry advocacy, employee engagement and the development of products and services provided to customers.

Sabre Holdings also invests globally in its communities by encouraging employee volunteerism on company time and financial support, including corporate match of employee contributions. Some 25,000 volunteer hours each year supports our community-oriented and philanthropic culture, which has also helped raise more than $14m for local charities since 2000.

Email: reservations@holidayautos.ae; Tel: +971-4-3433 505; web: www.holidayautos.ae

India: the inside story

India, as the cliché goes, is a frenzied place full of colour, spiritual charm and strange customs to dazzle the senses of the western traveller in ways they never thought possible.

This, to a large extent, is entirely the case; a country of breathtaking beauty it is also one of crippling poverty and extraordinary wealth. Indeed, the juxtaposed nature of this subcontinent are enough to send any new visitor into a whirl of their own contradictions.

Pahar Gang in Delhi’s Old Town is often the first port of call for new arrivals in the city, it is also a magnet for the city’s alternative travellers and a main spot for hedonism in what is a predominantly conservative society. There are strange quirks about this place too. One will often see a solitary Rabbi scouring the streets for Israeli youths in order to put them back on the straight and narrow – many of whom flock to India for a laid back lifestyle of marijuana haze and chilled beaches after years of army conscription.

Bony oxen, not the fat and cumbersome kind to be found in European fields, but wiry and noble, strut about the narrow, dusty streets with anonymity as the bicycles and auto-rickshaws race past. Street vendors display elaborate goods excitedly – anything from Hindu iconography to fake Ray Bans. Everyone wants your attention for one thing or another and it is an exhilarating assault on the senses, if not a little exhausting.

The sheer curiosity of the place is amazing. Things pounce, shimmer, fry and whirl from all directions. Colours, smells and sensations radiate from every crevice, bellowing their presence into a hotch-potch of dubiously kept buildings and tangled masses of electrical wires. If you’re used to the gargantuan modernism of European cities, Delhi certainly delivers the rustic exhilaration of travel we all too often crave.

As India’s capital there are of course numerous sights to see, and Delhi is certainly the right way to throw yourself in at the deep end. Hop on one of the city’s many brightly adorned auto-rickshaws (for more practice in the art of persuasion) and you get a wonderful view of the bustling metropolis as you weave between the mayhem as well as meeting a few characters along the way.

Traffic lights and road signs don’t seem to the done thing in New Delhi; drivers will simply dart about blazing their horns in order to proclaim their presence. The whole arrangement further adds to the cacophony of this dizzy town, though if I’m honest I never saw so much as the smallest collision during my visit.

The city recently inaugurated a new metro-train system, which is also a relatively cheap, clean and efficient way to dart around the more well-healed districts. Again, it’s the small quirks that will bring a smile to your face, signs expressly forbidding the riding atop of train roofs instantly spring to mind.

Firmly established as a world city, Delhi is capable of catering for upmarket tastes too. In the centre of town is Connaught Place; a public park and shopping area with a distinct European vibe left courtesy of the British Empire. Built between 1929 and 1933, Connaught Place now represent’s Delhi’s main business hub and is thronging with plush hotels, restaurants and bars – most of which sport European prices for the city’s business elite. It’s also an excellent place to indulge in some shopping and you’ll find all your favourite brands on sale here alongside more traditional markets. The central square itself is a relatively serene getaway from the bustle, and the blistering heat aside, this is a place that feels more conventional to western eyes with its trimmed grass, neat pathways and shaped hedges. You can even check out the latest Bollywood flick at the British 1930s-built Regal Cinema.

Rail travel from Delhi
Travelling by railway in India can be a tiring experience but one which beats road or air travel hands down and will provide you with a real flavour of the country. The first thing you will notice is the level of bureaucracy. Foreign travellers are required to use a separate ticket office and must register for travel within the country. Finding these offices, often tucked away in the bustle can be a tricky task, and that’s before you’ve avoided the scammers who will try and intercept you in between, (these vendors overcharge, do not provide proper guarantee of travel and should be avoided at all costs).

Once you’ve navigated these, rail provides a cheap and insightful alternative to navigate vast swathes of the continent at a slower pace, and Delhi’s main railway station is certainly a gateway to the entire country. A ticket for a sleeper train to my next destination, Varanasi, costs around Rs 1,300 (£18) and takes around 14 hours; plenty of time to read up and relax. Second class sleeping carriages provide open windows with no air conditioning, although this doesn’t seem to be much of a problem as long as the train is moving. Seats fold down to four beds per compartment, increasing to six or eight in third class. First class carriages are usually fairly segregated in air-conditioned carriages that are few and far between on most trains.

Another thing to bear in mind is what many travellers to the sub-continent call the prevalence of ‘Indian Time’; things just don’t always move when or at the pace they are supposed to here. Be aware that unscheduled stops and deviations are frequent and to be expected, and the best way to deal with these is remain calm, take it in your stride and let the bafflingly beautiful culture wash over you – India feels like a place where destiny has you firmly in its grasp.

Varanasi
I catch my first glimpses of the Ganges amidst the insistent tones of a rickshaw driver that he will take me no further. Funeral pyres burn along the scorched banks as throngs of the inhabitants saunter down to the banks for morning prayer and bathing alongside stunning examples of Hindu, Buddhist and Jain architecture.

This is Varanasi, perhaps the most sought after place in India to die, where Bhuddists can finally be released from the cycle of death and reincarnation. It is also one of the most holy cities in the entire country and probably one of the oldest continually habited dwellings in the world at around 3,000 years old. Mythological in origin, the city is said to have been founded by Lord Shiva and is mentioned in the 4th Century epic ‘Ramayana’ and the Indian Puranas. The Mughals left many of the original temples in ruins before leaving behind some beautiful examples of Islamic architecture, but there are also smatterings of colonial motifs alongside a jigsaw of modern and religious dwellings from the presence of ten Lakh peoples. Despite appearances, these constant reinventions mean that few buildings are more than 300 years old.

Many of these take the form of a series of jetties or ‘ghats’ that line the east banks of the river Ganges in a flurry of spiritualism and magnificent colour. The melting pot of cultures in Varanasi means that you’d be hard-pressed not to stumble into one of the many religious festivals that adorn these hallowed banks, especially from August to September.

Another thing you will notice are the funeral pyres that burn along the banks of the river in full view. The stoic notions of death that we are used to in the West are not practiced here.

There are no veils to hide behind it’s all very public – though this doesn’t negate the deep spiritualism of the place – respect for the dead in this most holy of cities is paramount. It is acceptable that anyone may view the pyres, although of course photography is strictly forbidden. Take a trip on the Ganges with one of the many obliging vendors (this also a handy way to navigate the banks). A hierarchy seems to run between the rowers, with young teenagers beginning at the bottom of the business with the hope of one day owning their own boats. They will often wax lyrical about their dreams for the future and will almost certainly be interested in your life in the west. There’s always an interesting exchange to be had and the less resistance you offer, the fewer barriers you will come across. Having said that, be careful who you shake hands with here; an offer of the left hand is a sign of deep disrespect (as this is the hand to clean one’s self). Also watch out vendors who will grasp your hand into a massage before asking for payment.

Darjeeling
Another strenuous train journey to the east lies the state of West Bengal and it the cloud city of Darjeeling. Famed for its tea production, high altitudes and stunning views of the Himalayas, tea is big business here and the steep hillsides are covered with the stuff, which makes for a gorgeous aroma you ascend the vast slopes. Much of it is destined for high profile stores worldwide and sells for up to $3,000 per pound, but here you are totally immersed a dreamlike existence at 6,700 feet.

Unlike much of India, Darjeeling is blissfully cool. High in the hills, Buddhist monasteries and shrines seem to rise upon impossible slopes while clouds drift in and out through the streets. Life may cling precariously to the hillside here, but once you reach these tea-drenched peaks, the pace seems to slow and travellers will find that locals are far more reserved that their counterparts in larger metropolises.

In the centre of town a faux colonial-style clock rings out a discordant rendition of Big Ben, further adding to the almost surreal existence. Pipes, wires and cables seem to spew unannounced from the rocky streets, worn silver through footfall and further evidence of a precariously entrenched civilisation at odds with the pull of gravity.

There are also numerous markets and antique shops to explore. Darjeeling’s proximity to Nepal and Tibet has made it a vital trading link and the area is rich in traditional crafts including stunning wool rugs and hand-painted Thangkas (traditional detailed depictions of the Lord Buddha). Food here also has a more oriental influence, with local delicacies consisting of mo-mo dumplings and noodle dishes. Unlike most of India, you’ll also find pork on the menu here.

Another main feature of Darjeeling is the remarkable toy steam train that serves the town and surrounding villages. Built between 1879 and 1881 on a two-foot narrow gauge, the beautiful vintage carriages serve as a practical transport route in addition to heritage tours that can be taken to Ghum, India’s highest railway station. Other attractions include tea estate tours and stunning drives to watch the sunrise above the Himalayas and Mt Everest from the Tiger Hill viewing spot.

Although Darjeeling’s relative affluence supports luxurious tastes via upmarket hotels and restaurants, reminders of its isolation are never far away. During my stay, the area’s internet and phone connection was severed for three days. This can effectively leave you stranded as local travel agents will be unable to book flights and other long-distance transport. This also means that cash machines will be unavailable, so it’s always useful to have a few rupees tucked away somewhere. Still, there are certainly worse places to be stranded, and after a few delicious days exploring the hills, I embarked for my next destination, Kerala.

Kerala
It takes two hours and thirty minutes to fly from the snow-capped peaks of Darjeeling to the tropical coast of Kerala, and the contrast could not be greater. I arrive in Fort Kochi, where traditional vala fishing nets grasp the sea like silhouetted insects against the mars-red horizon. Lone fishing boats bob helplessly alongside gigantic vessels of industry as the smell of the day’s catch wafts headily along the shore.

Known nationally as ‘God’s Own Country’, Kerala is home to India’s largest Christian population and bears the architectural legacy of the Portuguese colonial period. Until May 2011 it was also home to the world’s only democratic Communist government, which ran the region with semi-autonomy for 30 years until being narrowly ousted by the United Democratic Front.

Around an hour’s drive south on a suitably rickety and brightly adorned bus is the medium-sized town of Alleppey. This is where the lush tropical scenery really begins to kick in and where access to the majestic backwaters and broad, palm tree-lined beaches can be found. The pace of life here again is different, the tropical haze subdues the manic activity found in much of the north and life next to the backwaters feels decisively laid back.

A short drive in an auto-rickshaw reveals the glorious countryside of Kerala. Large paddy fields are bordered with thick jungle where coconut and banana trees leer over the water as dazzling birds call out overhead. Truly one of the most opulent ways to travel around this part of India is on a house barge. This luxurious experience allows you to saunter through the backwaters at your own pace whilst stopping at local villages to indulge in a few delicacies. These barges usually come equipped with a crew to drive and cook for guests, with larger ones resembling floating hotels and sporting several rooms, dining area, lounge deck and meals included. A three-day cruise on a medium sized vessel with viewing deck and crew costs the eye-wateringly low price of Rs 4,000 (around £55). It is in fact so luxurious, as you watch your delicious pearl spot fish being freshly caught and prepared for a traditional Keralan meal, that I confess slight pangs of guilt began to infringe on my blissful surroundings.

And with that, the setting sun blushes the huge sky above the silhouetted jungle while fireflies begin dance just above my secluded look-out post. A fitting end to a journey that has revealed just a few of India’s many personalities – and what a beautiful character she is.

It’s been a long ride, but this experience was merely a taste of what the subcontinent has to offer. It is almost impossible to define India as a single entity, rather as a vast array of peoples, landscapes and history that renders the term ‘cultural melting pot’ wholly inadequate. It’s a land where – for the moment – the spiritual life abandoned in the west jostles with India’s modern prominence on a daily basis. One may be inclined view India as just another casualty of globalisation, but from what I’ve seen; her soul is still alive and well.

A rollercoaster ride

Continued allegations of bribery within companies are trouncing shares – In addition, growing concerns over continuing indications of a sluggish economic growth and rising interest rates are hitting the news daily. Yet, the US Assistant Secretary of State for South and Central Asia, Robert Blake, believes India is on its way to becoming the largest economy by 2050. He recently observed at the Centre for Strategic and International Studies: “India is a rising giant whose influence is felt not only in the Indian Ocean, but in the Americas, in Africa, the Middle East, and in Central Asia.” Blake added: “Its rise, fuelled by a dynamic, young, optimistic and educated population, will be one of the great stories of our time.”

A survey published by Ernst & Young at the beginning of June showed that in spite of regulatory obstacles, India remains one of the most favoured destinations for foreign direct investment thanks to its comparatively high economic growth. “India is undergoing a transition in terms of investor perception of its market potential, which is bolstered by economic growth projected to surpass eight percent annually,” according to the survey.

Due to India’s acknowledged forte as a centre for low cost outsourcing for business it will rank in fifth place among the most attractive business location for European companies within the next three years, the Ernst & Young survey showed. The report said: “Foreign investors are not deterred by current regulatory issues to invest in India and its perceived specialisation as a low cost business process outsourcing hub continues to appeal to investors across the globe.” The survey, to which around 800 executives from top level international companies contributed, stated also that Mumbai and New Delhi are likely to be amongst the cities most probable to create the next Microsoft or Google-sized innovation.

Although growth carries on, data published at the end of May showed India’s economy grew at its weakest pace in five quarters as it slowed to 7.8 percent in the three months to the end of March in comparison with 8.3 percent the previous three months. According to analysts an intense inflation, a gradual increase in borrowing costs and a lacklustre investment sentiment was responsible for dampening domestic demand. India’s growth for the full 2010-11 financial year was 8.5 percent, just 0.1 percent below its government’s prediction. It was however half a percent up from the eight percent annual growth it had recorded to March 2010. As demand climbed for electronic, gem, engineering and oil products, India’s exports grew a record 37.6 percent in fiscal year 2010-11, data released in June showed. Imports for May 2011 increased 54.2 percent to $40.9bn while exports rose 56.9 percent to $25.9bn year on year. The country intends to reach merchandise exports of $300bn for the fiscal year 2011-12 and according to data, shipments last year climbed to a record high of $245.9bn.

Meanwhile, German luxury car manufacturer Audi announced in June that as part of its long term commitment to India it will add its newest model, the A6, to its Indian production line in Aurangabad. Audi, which already produces the A4 and A5, said: “The production of the all new Audi A6 underlines our growing presence in the Indian market and reiterates our long term commitment to customers in India.”

Mumbai
Known as the financial and commercial capital of India, Mumbai is the home to numerous key financial institutions including the National Stock Exchange, the Reserve Bank of India, the Bombay Stock Exchange and the India Government Mint. Although Mumbai’s affluence originally began thanks to its seaport and textile mills it has nowadays developed into a hub for IT, engineering, diamond polishing, healthcare and other industries. As an increasing amount of companies employ more » skilled labour more and more industries have emerged as significant economic contributors in Mumbai. Among the most prevalent are the Bollywood film industry, clothing, pharmaceuticals, utensils and food industries.

Some of the nations’ most high earning companies are headquartered in Mumbai. One of the biggest players with revenues of $62.5bn at the last count was the Tata Group. The company, which acquired Jaguar Land Rover three years ago for $2.3bn from Detroit carmaker Ford, sold over 28,000 units in the financial year 2010-11. Jaguar Land Rover at the end of May set up its first assembly plant in India to assemble the Freelander 2 Sport model, which will use parts from Tata’s Land Rover facility in Liverpool. Reliance Industries, said in mid-June it is to acquire Bharti Enterprises’ majority stake in its general and life insurance ventures with Europe’s biggest insurer, AXA. Mumbai-based Reliance Industrial Infrastructure will hold 17 percent in the life and general insurance companies while Reliance will hold 57 percent. In the meantime, Axa will maintain its hold of 26 percent in the ventures, which is the maximum authorised by Indian law. Reliance’s billionaire owner Mukesh Ambani is hoping to expand in the financial services arena as demand increases, and is aiming to diversify the business as earnings growth from its core oil and gas business slows down.

New Delhi
The capital of India serves as the heart of the Government of India and is located within the city of Delhi. The service sector is ever expanding as an increasing number of multinational companies open up businesses in New Delhi. In addition to banking, media and tourism, IT and telecoms have flourished as key industries within New Delhi. Major IT companies have emerged and are now having a significant impact on the city’s reputation as a hub for cutting edge technology. Most recently, New Delhi-based IT product design and manufacturing company, MSI India, which has received market recognition for its production of notebooks, motherboards and networking and server products, announced in June that it is now all set to launch its own tablets in the Indian market by July this year. MSI, which announced it is to spend around $1m on marketing and advertising this year, hopes to double its head count and expects revenues of around $60m for the 2011-12 financial year, up from the $45m it recorded in 2010-11.

Another New Delhi-founded e-commerce company, BenefitsPLUS Media, continues its acquisition spree as it aims to gain a market share of between 10 and 15 percent of India’s e-commerce market. In June the company came closer to its target when it announced that its parent company DigiVive Services acquired one of India’s leading group buying websites, Koovs.com for $2m in May.

Meanwhile, according to an official with the New Delhi-based Ministry of Heavy Industries and Public Enterprises a governmental team will shortly review four sick public sector companies to fast track their disinvestment process. The companies, which are just four of 27 sick companies under the administrative control of the ministry, have been listed as Richardson & Cruddas, Hindustan Cable, Hindustan Machine Tools and Tungabhadra Steel. The government team will consider a range of options including an outright sale of the companies, with one senior official saying: “We are looking at all possibilities. In some cases it can be an outright sale, while the option of revival through a joint venture will also be explored.” The government originally considered disinvestments only through public offers. The ministry has been postponing the sale of shares in some profitable companies because of stock market unpredictability but aims to raise around Rs 40,000 crore through divestment in public-sector companies in the 2011-12 financial year to slash high fiscal deficit.

Bangalore
Bangalore is another city which has developed into a centre for heavy industries, Indian telephone industries, BPO and IT. Bangalore’s IT industry is divided into three main groups, the International Tech Park, the Software Technology Parks of India and Electronics City. Nicknamed as the Silicon Valley of India, it first emerged after the establishment of India’s biggest electronic industrial park, Electronics City. It now houses several global companies including Siemens Information Systems, 3M India, HP, General Electric, Bharat Heavy Electricals, CGI and Yokogawa. Infosys technologies and Wipro, India’s second and third largest IT services companies are also based at Electronics City in Bangalore.

Great news for Bangalore came when Infosys Technologies in mid June clinched an Rs 100 crore deal with India Post as it embarks on a huge IT modernisation programme named “India Post 2011”. Infosys beat its largest domestic rival, Tata Consultancy Services, to clinch India Post’s IT modernisation contract, referred to as the ‘rural information and communications technology system integrator contract’. India Post is alleged to have the widest postal network in the world, with around 155,670 post offices, of which nearly 90 percent are located in rural areas. Only 12,604 post offices have thus far been computerised, according to its website.

Although IT is a key facet in Bangalore, a survey published by Monster Employment Index in June showed a slow demand in the IT and ITES area has lowered the overall growth of Bangalore in May to four percent compared with other cities such as Coimbatore which grew by 31 percent.

In the meantime aircraft maker Airbus SAS, which has an engineering centre in Bangalore, announced in mid June that it has signed a strategic agreement with CADES Digitech and QuEST Global. The two Bangalore-based companies, which are already suppliers to the aircraft maker, are to establish centres which will solely focus on the design of aircraft components and other engineering services. The two companies will each concentrate on different aspects with QuEST focusing in wing and pylon engineering while CADES would focus on aircraft main body fuselages across various aircraft programmes. According to an Airbus statement, each company will have offices in Europe and dedicated centres in India. The new agreement with the two companies will try to consolidate engineering services already acquired from numerous suppliers and will “focus on the development with the two tier-one suppliers”.

SunTechnics Energy Systems, one of Bangalore’s largest companies dedicated to solar energy, said in June that it would change its focus and its name. It will now take on its parent company name Conergy to become Conergy Energy Systems and shall focus mainly on small and large scale solar photovoltaic projects. Conergy’s clients in India include key telecom, oil and gas companies as well as government agencies and manufacturing sector customers in addition to state and national government-owned units.

Kolkata
Kolkata, home to India’s largest bourse, the Calcutta Stock Exchange, is the key business, commercial and financial centre of East India and the north-eastern states of the country.

Just like with the other key Indian business cities IT has become a chief sector within Kolkata. In addition Kolkota has turned into an important centre for banking and finance, which is respected globally. Presently numerous large international banks like BoA, Standard Chartered Bank and HSBC Bank boast offices and branches in Kolkota. This is in addition to the country’s three large nationalised banks, Allahabad Bank, UCO Bank and United Bank of India, who have their headquarters in Kolkata. It is also home to several industrial units managed and operated by various large Indian companies. Some notable companies headquartered in Kolkata include ITC, Birla, Haldia Petrochemicals, Exide Industries, Britannia Industries, Bata India, CESC, RPG Group, Texmaco, Bengal Ambuja, Philips India, Coal India and Damodar Valley.

Silk Air, a regional wing of Singapore Airlines, commenced lower budget flights to Kolkota’s from the beginning of July. The thrice a week service between Singapore and Kolkota airport will be in addition to the flights already operated by its parent company Singapore Airlines and will cost around 15 percent to 20 percent less.

Meanwhile, the state-owned Allahabad Bank, which is planning to open more overseas branches in Singapore, Hong Kong and Schenzen in China, announced in June that it is aiming to achieve a business growth of 24 percent during the financial year 2011-12. The bank’s shareholders additionally approved a dividend of Rs6 per equity share of face value Rs10 for fiscal year 2010-11. At the bank’s annual meeting its managing director JP Dua said: “Targeting a 24 percent growth for this fiscal year will take the business level to Rs 280,000 crore.”

A quick guide to Marmis

Marmaris has for a while now been one of the most vibrant and exciting places in Turkey to visit whilst on holiday – or if you’re lucky enough, business. Today it is a charming seaside resort with an endless stream of boats to and from the harbour carrying visitors to the neighbouring shores. Situated on the south-western Mugla province, Marmaris is also one of the most extravagant destinations along the entire south coast with an unending nightlife thanks to numerous pubs, clubs, and bars.

There are many touristic and historical sites near Marmaris. A lovely week on the coast between Bodrum and Marmaris allows you to visit any of the places mentioned in the two sections below. The sea-side of the yacht marina is a much better place to relax along the shore of the city centre. Unlike other towns along the Mediterranean, Marmaris bay is almost a closed one with a small passage to the Aegean. Surrounded by the sea in the west and strategically preferred throughout the history, the towns of Marmaris and Datka complement each other from a historical perspective and therefore they are treated here as a whole entity. The fortress was restored between 1980-1990 and opened for the public as the Museum of Marmaris in 1991.

Besides Marmaris, Turkey also has a variety of accommodation options to choose from including spacious modern apartments, houses, town houses, stylish villas and in the some of the most beautiful and picturesque surroundings. Situated on the south-west of Turkey in Mugla province, Marmaris is also the most extravagant along the entire south coast with an unending nightlife thanks to numerous pubs, clubs, and bars.

To take a break from all the action, a leisurely stroll in the beautiful surrounding countryside or a relaxing traditional Turkish bath prove popular with many visitors to magnificent Marmaris. Lying on a large bay encircled by pine covered hills, Marmaris enjoys one of the most beautiful settings of any Turkish resort. Sample the typical Turkish cuisine in one of the marina restaurants and drink raki, anisette, the traditional Turkish way, over ice and diluted with water. Marmaris is truely a gem of the Turkish Riviera.

The Turkish carpet industry is also known for its quality, and long tradition. You may choose from excellent souvenirs among the Turkish handicrafts here, and do not forget to buy “Cam Bali’’ which is a tasty pine-scented honey, locally produced in this area of pine forests. There’s lots of things to do for the younger ones and the entertainment is available every night along with relaxing facilities such as in house Turkish bath and sauna for adults.

The power-house nation

Russia’s significance to the global financial market is indisputable. In its 2010 list of the wealthiest nations according to nominal Gross Domestic Product, the International Monetary Fund ranked the Russian Federation in eleventh place. The Fund also places Russia in sixth place in terms of its GDP as derived from purchasing power parity calculations of the same year. Furthermore, with its possession of the world’s largest natural gas reserves, second largest oil reserves and status as the world’s third largest electricity producer, Russia’s future as a leading energy superpower appears inevitable.

Transcending  borders
“Russia will not soon become, if it ever becomes, a second copy of the United States or England, where liberal values have deep historic roots.”  Vladimir Putin, Prime Minister, Russian Federation.

Both geographically and politically, Russia’s placement on the world stage is characterised by its concomitant – and often conflicting – connection to both the West and the East. Its staggering scope, which boasts borders with no less than fifteen separate nations, including China, North Korea, Poland and a maritime border with the United States of America, enables the world’s largest country to form alliances with both developed and developing nations, subsequently fostering camaraderie as well as distrust from its international partners.

Needless to say, throughout much of modern history, the West has been sceptical with regard to where Russia’s true loyalties lie. Is Russia best characterised by its involvement in The Council of Europe and the Organisation for Security and Cooperation in Europe? Or is it best defined by its leading role in bodies such as the Asia-Pacific Economic Cooperation and the Eurasian Economic Community?

The truth is that Russia itself does not think in terms of such binaries and that its only concrete political leaning is towards itself; towards the fostering of its own strength. Its affiliation with the ‘East’, notable in its appropriation of Orthodox Christianity from the Byzantine Empire, and links to the ‘West’, which were most notably fostered by Tsar Peter the Great and are still visually evident in the prevalence of Baroque and neo-classical architecture of St Petersburg, are not oppositional.

With increasing travel and trade outside its boundaries, Russia has appropriated elements of the cultures surrounding it, yet, nevertheless, remains an entity unto itself. Even as far back as 1829, philosopher Petr Chaadaev noted that “we (Russians) are neither of the West nor of the East, and we have not the traditions of either. We stand, as it were, outside of time, the universal education of mankind has not touched us.”

Despite its clear decline in political influence since the end of the Cold War and the dissolution of the Soviet Union in 1991, recent economic and diplomatic developments have alerted the international community of Russia’s possible re-emergence as a ‘superpower’.

Yet, with an unsustainable economic policy on tax and continuing subversion of its legal processes for the furtherance of political motivations – which both suggest that the strength of the Russian government, rather than the business success of its industries, is the main goal of the modern Russian Federation.

Russia: The ‘new’ superpower
Within the context of a global economy that can be characterised by its increasing dependence upon oil, Russia’s standing as the world’s largest oil producer should certainly signal to the international community that the Federation’s influence in global markets – as well as, subsequently, in political terms – will undoubtedly increase over the next few years. In short, we underestimate the Russian Federation at our peril. In this light, the UK would indeed be wise to at least partially predicate its continuing economic recovery on the relatively flourishing Russian commodities-based economy. So why are so many UK businesses failing to either create or solidify their bonds with Russian companies through trade and development opportunities?

It would seem that the answer lies in Russia’s indiscriminate and thus often contradictory approach to creating alliances worldwide. That is, the Federation has removed the shackles of its Soviet-era isolationism so fast that its diplomatic prowess has yet, it appears, to catch up. Most recently, for example, Russia’s new oil agreement with Japan has, by inflaming old rivalries, fostered distrust from trade partner China. Moreover, the economic necessity to forge business alliances with the Russian Federation is often, for UK and other Western governments and companies, at odds with the latter’s knowledge of Russia’s record of unethical business practices and human rights violations. This is most clearly symbolised by the continuing imprisonment of former oil tycoon Mikhail Khodorkovsky, which most commentators outside of Russia agree to be unlawful and acts as a reminder of the uncomfortable nature of the foundation upon which Russia’s oil industry has thrived.

Oil
As BP’s World Energy Statistical Review for 2010 suggests, global economic growth and the sphere of energy supply and demand are more critically intertwined now – in the aftermath of the global economic downturn – than during the last thirty years. Demand for energy grew by 5.5 per cent from 2009 – the largest annual increase in more than three decades. Furthermore, as oil accounts for more than a third of all global energy produced last year and as global oil demand is expected to rise by 1.4-1.6 percent this year, this seemingly-insatiable international appetite for fuel resources clearly translates into a greater necessity to trade – and subsequently also to ally itself – with Russia.

China – the world’s largest consumer – has been quick to adapt itself to Russia’s post-1991 economic transformation, securing a lucrative oil trade agreement with the country; one that has enabled Russian state-owned oil company Transneft, which manages the project, and Rosneft to obtain a loan worth $25 billion for further pipeline and oil fields development. Pivotally, the East Siberia-Pacific Ocean oil pipeline that physically (and thus also politico-economically) connects the two countries marks the emergence of a strong political alliance, especially considering China’s position as the second largest economy in the world after the US.

Commenting on the pipeline – which began operating in January of this year and is expected to export 15 million tonnes of oil each year during the next two decades – Russian Prime Minister Vladimir Putin stated that the venture would help Russia diversify its exports. Clearly, Russia is in the mood for business expansion. Whether or not Western nations will endeavour to either challenge or annex themselves to this new power coupling and whether Russia’s position as an ‘energy superpower’ will continue, however, remains to be seen.

The now collapsed joint BP and Rosneft Arctic venture can be seen as the most recent example of the UK’s acknowledgement of both the oil industry’s and Russia’s significance in its economic recovery. The deal, which was signed in January and then dismantled in May of this year, would have seen BP gain a foothold in Russia’s three offshore Arctic Kara Sea oilfields. Ultimately, the UK-based company’s endeavour was blocked by the Alfa Access Renova consortium, the shareholder of its Russia-based subsidiary TNK-BP, which already has a competitive position in the Arctic region, due to the latter’s insistence that the terms of its ‘involvement’ in the project (a $32bn offer including $9bn in BP stock) would not provide enough of a return to merit the alleged conflict of interests. However – typifying the changeability that currently characterises the European economy – whilst the collapse of the BP-Rosneft deal was understood as a disappointment for the UK-based company as recently as May, current complications in Russia’s innovations within its oil industry suggest that triumphing the Federation as an economic world leader would be premature.

The Centre of Global Energy Studies expects Russia’s oil production to continue to show only modest growth for the rest of the year. Whilst aggregate output is anticipated to increase by 170,000 bpd (1.7 per cent) on an annual average basis this year, setting a new post-Soviet record of 10.26 mbpd, exports via pipeline monopoly Transneft fell by 5.9 percent to 3.97 million bpd from 4.22 million bpd in May. Moreover, according to data disclosed by the Russian Energy Ministry, Russian oil production stood at 10.195 million barrels per day in June, down from 10.26 million barrels per day in May.

Most worryingly, however, Russian Prime Minister Vladimir Putin has said that the country will need over 8.6 trillion roubles ($308.7bn) to keep pumping oil at current levels until 2020, while the Energy Ministry has warned output could fall by 20 percent without substantial financing. According to International Energy Agency senior oil market analyst Julius Walker, despite Russia’s increase in annual oil output this year, “clearly, Russia’s production growth is not catching up with the world’s growing demand. Russia’s mature fields base is so large that it needs a lot of new projects just to offset that decline, so any changes to the tax regime would have to be ones that encourage significant new fields start-ups.”

According to Reuters’ Moscow correspondent Vladimir Soldatkin, it is the heavy tax burden on Russian companies that will render the nation unable to sustain its oil-based economic growth and thus fail to secure much-needed international investment. Currently, Russian oil companies pay 78 percent of total company profits in tax to the government, which makes investment into growth opportunities particularly hard. It would seem that its own internal infrastructure denies Russia the opportunity to truly be a leader on the world stage. Clearly, then, Russia needs foreign investment as much as, if not more than, the international community needs to annex itself to Russia’s energy-centric economy.

Ethical considerations
“Russia needs a strong state power and must have it, but I am not calling for totalitarianism.” – Putin
It is once again the issue of tax that proved the catalyst of one of the most widely-reported political scandals in Russia’s post-Soviet history. The imprisonment of former businessman Mikhail Khodorkovsky, whose Yukos oil empire, following its takeover of Sibneft in 2003, produced more oil than Qatar, is indicative of the ruthlessness of Putin and now Medvedev’s business governance: it is the strength of the Russian government and not the power of its oligarchs that will determine its fate now.

It is widely accepted that most of Russia’s billionaires made money after the collapse of the USSR through illegitimate means and it has also been documented that the main reason why Putin prosecuted Khodorkovsky rather than some other Russian businessmen else is not so much due to his alleged tax evasion, but his political strength and subsequent position as a threat to the hegemony of the Putin-headed government.

Taming the tycoons
In December of last year, whereby Khodorkovsky, in his second trial, was found guilty of stealing 350 million metric tons of oil worth $30 billion from a company that he controlled, US Secretary of State Hillary Clinton spoke out about the covert political and business motivations behind the continuing imprisonment of the former oil tycoon, noting that the case raises serious questions about selective prosecutions and about the rule of the law being overshadowed by political considerations. It is noteworthy that following Khodorkovsky’s incarceration, the Russian government systematically dismantled Yukos and enabled the majority of the latter’s assets to be integrated into state-owned Rosneft.
With a population of 143 million, clearly Russia is not averse to sacrificing some individuals in the fight to attain wealth and strength in both the domestic and international sphere. Yukos’ covert nationalisation was dependent upon the removal of Khodorkovsky, much as the Bolshevik revolution was dependent upon the murder of the Tsar and the continuation of the partial state-control of the media was somewhat dependent on the murder of journalist Anna Politkovskaya.

Nevertheless, despite the uncomfortable nature of Russian hegemonic policies towards its citizens and rivals and the still-elusive prospect of Russia’s domestic economy, the Federation’s continuing importance in the global energy market suggests that foreign businesses and governments must prepare themselves – cautiously – to engage in business and political alliances with Russia if they hope to secure their economic advancement. After all, even if it is China rather than Russia that merits the term ‘superpower’, the current economic interdependence of the two will enable both parties to prosper politically on the world stage. The future of Russia thus rests in its cooperation with the international community. The latter would be wise to utilise this.

Old world, new tricks

Over the past decade, Turkey has seen astounding growth in both the business and leisure travel markets. 2010 saw a ten percent increase in UK visitors to Turkey with the overall total now standing at a record 2.7 million. Turkey has leapt from 17th place in the world in terms of tourist arrivals in 2002, to seventh place in 2009.

Those travelling for business find a full range of world-class amenities, including excellent hotels and state-of-the-art meeting and convention facilities. Turkey is renowned for its high standards of service, hospitality and excellent value for money. In 2011, for example, the Post Office’s annual Holiday Money Report reported a 13 percent fall in holiday costs. Low costs provide great value ensuring that those travelling on business can make their budget stretch even further.

Istanbul is Turkey’s top business destination. In 2011, it was named the ‘World’s Number 7 Convention City’ in the International Congress & Convention Association (ICCA) rankings – a massive leap from 17th place the previous year. Istanbul boasts world-leading convention facilities as well as a plethora of top class hotels. Other major cities such as Antalya and Izmir also play host to international large-scale conventions.

In 2009, Istanbul’s Congress Valley expanded considerably with the addition of the Istanbul Convention Centre and the Halic (Golden Horn) Convention Centre, making it even more attractive as a host city for large-scale conferences, exhibitions and events.

Hotel openings in Istanbul in 2011 include the Edition Hotel, the first in Europe, and Le Meridien, situated in the business and shopping district of Levent. The House Hotels chain also opened its third property, House Hotel Bosphorus.

One of the greatest attractions of Turkey for both business and leisure travellers alike is its diversity. The country is home to two of the Wonders of the Ancient World, 10 UNESCO World Heritage Sites, 311 Blue Flag beaches and 15 world-class golf courses. The many cultural events taking place in Turkey range from the Shopping Fest which was launched in Istanbul in March 2011 to the Jazz Festival which is taking place for the first time in Antalya’s stunning Aspendos Theatre in July 2011.

Turkey hosts many international trade exhibitions and shows. Later this year, Belek is to host the high-profile International Golf Travel Market, the leading golf travel trade show from 14th-17th November. Turkey’s premier golf resort now boasts eleven championship courses and is one of the fastest growing golfing destinations in Europe.

In December 2011, Travel Turkey, Izmir 2011 is expected, once again, to attract hundreds of exhibitors from across the globe. The event is the perfect platform for tourism professionals looking to do business with Turkey. In recognition of Turkey’s growing importance in the spa tourism industry, ItSpa, a new global business-to-business spa event, the first such its kind, is to be hosted in Istanbul from 19-21 February 2012.

It is easy to travel around Turkey with frequent and convenient domestic flight services linking all major centres. Turkish Airlines is the national carrier and offers comfortable business class services on many domestic routes. In 2011, Turkish Airlines was named Best Airline Europe at the Skytrax Passenger Choice Awards in Paris. The carrier was also victorious in two further categories: Best Premium Economy Seats and Best Airline Southern Europe. The Awards are based upon a global, independent survey of 18.8 million passengers, and seen as benchmark for excellence in the airline industry.

Whatever your reason for visiting Turkey, and whatever your destination you are sure to be impressed by what Turkey has to offer.

For further information on Turkey www.gototurkey.co.uk or call the Turkish Culture and Tourism Office on 020 78397778

Head of the Adriatic

Ljubljuana is one of Slovenia’s ultimate draws. Located in central Europe – with the Alps and the Adriatic Sea at either side, the city is the largest in the country with some 270,000 inhabitants. Multifaceted in nature, with the beautiful Ljubljanica River functioning as its artery, the city has a modern and vibrant feel to it, while still retaining a relaxed, almost village-like air. In terms of cityscape, the spot is celebrated for its inspiring Art Noveau architecture, and the historical sites are many– all of which bear testament to the city’s intriguing history that dates back to the Middle Ages.

Stroller’s paradise
When in Ljubljuana, strolling about aimlessly is never a waste of time. In terms of specific sites worthy of some attention, one of the most notable landmarks of the city is the Dragon Bridge. Featuring four bronze dragons – the dragon being the symbol of the city – the bridge is constructed using a combination of concrete and iron and was the first of its kind to be created in the city, and indeed in Europe as a whole. Myth has it that the dragons will wag their tails when a virgin crosses the bridge, but these days the menacing-looking beasts are mainly associated with the bitter stereotype of the mother in law.

Famous for its Art Noveau buildings, the highest concentration of this breed of architecture can be found along the initial part of Miklosic Street, which leads off from the Preseren Square. Most of the Art Noveau architecture found in the city is masterminded by either of the architects Maks Fabiani, Ciril Metod Koch and France Vurnik. The City Savings Bank is a building of particular note, and other important ones include Centromerkur department store, Hauptmann House and Cuden House.

Also of architectural interest, the Old Town has a definite allure. Situated on the narrow strip between the river and the hill, the area is anything but sprawling and is defined by narrow townhouses, each of which features a maximum of three windows per floor only – a rule set by the city authorities to save precious space.

Baroque splendour
The works of the Italian painter Giulio Quaglio (1668-1751) form a prominent part of Ljubljuana’s cultural heritage and features within notable buildings such as the baroque Cathedral of St. Nicholas. To enjoy further baroque splendour, and yet more of Quaglio’s art works, steer your step towards The Seminary building that is located within the Ljubljana Market. Inside the building nestles a beautiful two-storey baroque library where a ceiling frescoes by the revered artist can be admired. The library itself is considered one of Slovenia’s most notable baroque pieces of architecture. Adding yet further weight to the work, displayed within are original oak furnishings by the revered cabinetmaker Josip Wergant.

To continue exploring the local art scene and beyond, there’s no shortage of museums in Ljubljuana. Located a stone’s throw from the Tivoli park, the National Gallery counts among the most worthwhile cultural establishment in town as it showcases some of the country’s outmost works including Negress by Anton Azebe; Ivana Kobilca’s Summer; Rihard Jakopic’s Sunny Hillside; and Ivan Grohar’s Sower.

Mingle with the locals or venture up the hill
To experience a slice of authentic city life, visit the flea market on the Cankarjevo Nabrezje promenade embankment along the Ljubljanica river. Open every Sunday morning, the market is a treasure trove for antiques, textiles, art works and random curiosa. Like many central European countries, Slovenians take pride in their patisserie culture and the café industry is well established. Most coffee and cake haunts are lined up along the Ljubljanica, particularly along the distance leading from the Dragon Bridge to St. James Bridge.

Aside from the locale’s notable cityscape, another undeniably attractive aspect of the city is its naturally beautiful surroundings. Enveloped snugly by startingly beautiful countryside, the locale lends itself perfectly to outdoorsy activities, accessible even for travellers visiting only fleetingly. A spot of walking, hiking or cycling can be undertaken only a hop and a skip away, if not even within the city itself. Some of the most popular and well-trodden inner-city trails are those leading to the famous castle hill. A number of different routes are available, the most notable -and arguably the most beautiful- is the Ulica na grad (Street to the Castle). Designed by architect Plecnik, the dwindling trail starts at the Church of St. Florian on Gornji trg (Upper Square), and snakes its way up Danina pot (Dana’s Path) and further on to Sance- the historical town fortress. Owing to the creativity of Plecnik, the remains of the ramparts have been morphed into a beautiful promenade lined with trees. Once the end destination has been reached at the very top of the castle hill, one can expect marvellous views across Ljubljana. Climb up the Viewing Tower on a clear day, and the view extends even further, stretching all the way to the Kamnik-Savinja Alps and the Triglav, Slovenia’s highest mountain that stands mighty tall at 2,864m. Quite a significant landmark in its own right, the Viewing Tower dates back to 1848, and has been accessible to visitors since 1901.

Experience Ljubljuana by boat
While taking in the views of the region is a must, the city can also be experienced from a different perspective, namely by river. To meet the growing demand of water-bound sightseeing, a wide range of riverboat services and excursions are available, and operate day and night.

Accessible from the city centre by boat followed by a trip on a horse-drawn carriage, the nature reserve Iski Morost within the Ljubljana Marshes (Ljubljansko barje) is certainly worth a visit. Marshy meadows are spread across an area of 150sq km, and protected by an international convention. The reserve is home to around 250 species of birds, many of which count among the world’s most endangered bird species. One rare bird that resides within the reserve is the Corn Crake (Crex crex) – a desperately endangered creature with a most distinctive vocal quality.

The scramble for Africa

A century ago, it was the explorers and infantrymen of Europe’s great powers slugging it out for slices of Africa. Now, it is the agents of Chinese and Brazilian capital, but the competition is just as fierce.

Underscoring the new world order of the 21st century, Brazil’s Vale , the world’s biggest iron ore producer, is going head-to-head with Jinchuan Group, China’s dominant nickel producer, in a fight for Metorex , a medium-sized South Africa-listed mining firm.

Although the saga still has at least a week to run, Jinchuan swung a hefty blow this week, with a $1.3bn bid to trump a $1.1bn offer from Vale.

Jinchuan’s juicy premium for Metorex, which operates copper and cobalt mines in Zambia andDemocratic Republic of Congo, clearly demonstrates the lengths Chinese firms are prepared to go to secure natural resources for ravenous factories back home. But it is also evidence of Chinese companies, in particular state-backed ones, being able to post top-dollar bids for foreign assets due to the cheap finance they can get from Beijing, rather than having to raise pricier commercial funding.

This aspect of Chinese growth in the new ‘Scramble for Africa’ is likely to fuel the sense of a playing field tilted unfairly towards Beijing, creating tension with other up-and-coming powers and undermining efforts to boost ‘South-South’ diplomacy.

“Chinese state-backed firms with access to cheap government export finance can easily trump the likes of Vale, who have to pay commercial, and thus more expensive rates, for finance,” said Markus Weimer of London’s Chatham House think-tank. “State subsidies for national companies will continue to be watched with scornful eyes by Western governments, and increasingly by other emerging powers such as Brazil and India.”

Into Africa
That Brazil is a rising player in Africa is nothing new. During his time in office, former president Luis Inacio Lula da Silva made fostering commercial ties across the south Atlantic a major priority, visiting at least 25 African countries and doubling the number of embassies there. Brazil now has 31 formal African diplomatic posts, behind the United States and Russia at 46 and 45 respectively, but well ahead of 26 for Britain, which is having to close embassies  to cut costs in what used to be its backyard. But against China, it still lags a distant second. On the embassy count, China comes in at 42 – double the number of India – and Chinese firms looking abroad can tap a wealth of funding sources, from the likes of the China Exim Bank, the Bank of China and the China Development Bank. By contrast, besides commercial banks, Brazilian firms are largely limited to the BNDES, Brazil’s national development bank – an important player but one that steers clear of more unstable markets.

When it comes to trade, China is also streets ahead, doing $107bn of business with the continent a year – more than the United States – against India’s $32 billion, Brazil’s $20 billion, and a paltry $3.5bn for Russia, the final member of the BRIC group that admitted South Africa this year.

This is not to say China has it all its own way. A preference for imported labour and heavy -handedness by Chinese managers has bred grass-roots discontent, not least in Zambia, where mine workers have been shot and wounded for complaining about pay and conditions. But, given its pre-eminent commercial, diplomatic and financial position, China looks set to stay ahead in Africa.

“This Metorex deal really showcases the competition among the BRIC countries for resources and access in Africa, and the financial muscle and firepower that comes with major Chinese players,” said Hannah Erdinger, head of research at the Johannesburg-based consultancy Frontier Advisory.

Ed Cropley is a Reuters journalist covering international and economic affairs. His is based in Johannesburg, South Africa

A tale of three cities

To set up office in Cyprus has many benefits. Not only has the European Union Member State the lowest EU corporate tax rate in Europe, it also boast macroeconomic stability and a sound economic performance. Further advantages include sound accounting and banking services, as well as advanced infrastructure and telecommunications networks. No less important, the location of the island is convenient. It’s no wonder, then, that so many international businesses and shipping companies have chosen to settle in Cyprus.

Today, the offshore industry provides the island with a respectable chunk of business activity, not only due to the fact that some of the world’s greatest ship management companies operate headquarters in Cyprus.

Nicosia
Located in the central part of Cyprus, Nicosia is the capital of the island and serves as its administrative and financial centre. The Seat of Government and the Diplomatic headquarters are both based in town, and the locale is also home to several universities and colleges as well as a host of foreign embassies. Today, the city belongs in part to the Turkish north and in part to the Greek south; and the Green Line represents the boundary between the two sides.

Without a doubt the most important business hub of Cyprus, Nicosia is the largest city on the island and is home to about 250,000 inhabitants, which is a third of the total population of Cyprus. Owing to its multinational appeal and low tax rates, the spot is a definite draw for offshore companies, so much so that this particular industry accounts for a respectable part of Cyprus’s business segment. Since the city’s seen such an influx of international students and foreign workers, it has developed diverse culture and is decidedly cosmopolitan.Apart from offering business opportunities aplenty, Nicosia possesses many other attractive aspects. Speaking of the city’s fascinating history, it can be traced all the way back to the Bronze Age. Within the Venetian walls that enclose the ancient heart of the city nestles a plethora of intriguing sites, museums and other cultural establishments. The business districts, meanwhile, is located in the more cosmopolitan part of town outside the walls. Exuding an air of a busy and modern metropolis, the area is home to a fair number of commercial ventures and offices blocks, as well as a respectable smattering of beautiful Colonial buildings.

Limassol
With a population of 228,000, Limassol is the second-largest city in Cyprus. Located on Akrotiri Bay on the south coast of the island, the locale serves as the biggest Cypriot port in the Mediterranean transit trade. Being the ultimate trading centre of Cyprus, prominent industries span furniture, clothing, drinks, food, metal and electric devices. Furthermore, Limassol plays host to many of the wine companies of Cyprus. To mention but a few- SODAP, KEO, LOEL and ETKO all operate in the Limassol region, producing wine using grapes grown locally. Some of the wine is used domestically, but most of it is exported to Europe and other parts of the world.

Blessed with beautiful sandy beaches and glorious weather, it shouldn’t come as any surprise that Limassol also relies heavily on the tourist trade. A considerable part of the local population is employed within the tourism industry that is indeed the island’s main source of income. A draw for tourist and would-be business settlers alike, Limassol is known for its cultural wealth and offers a wide plethora of worthwhile museums and sites.

To explore the highly relevant archeological segment, The Archaeological Museum showcases a collection of antiquities dating from the Neolithic Age to the Roman period.

Offering a glimpse into the region’s folk art culture, The Folk Art Museum serves up a varied collection of Cypriot Folk Art; part of the collection date back two centuries.

Larnaca
Larnaca is the third largest city of Cyprus, and its resident airport, Larnaca International Airport, operates flights to all major European cities. As such, it’s the island’s most important airport, (ranked 64th in Europe’s 100 busiest)which makes the spot a particularly attractive option for international businesses looking to settle in a convenient spot. The closure of the Nicosia International Airport is no doubt behind the mounting importance of Larnaca as an international business hub, and the city’s economy has benefited greatly since its newfound prominence was established. To boost its appeal further, the airport recently benefited from a €650m upgrade. No less important, the Larnaca Marina serves as one of the four official entry points to Cyprus.

With a modest population of about 72,000, Larnaca is considered an important tourist resort, complete with an attractive seafront lined with palm trees. Boosting Larnaca’s economy significantly, the tourism and service sector employs three quarters of Larnaca’s labour force, and a host of airlines and other travel related companies have chosen to base their head offices in town.

In terms of culture and history, the ruins of Ancient Kitium count among the ultimate landmarks of the region. The earliest remains of the ruins date back to the 13th century BC, which makes the site a highly significant historical landmark.

Ich bin ein Berliner

While in Berlin on business, spare time between meetings shouldn’t be hard to kill. Rife with architectural works of high calibre, both modern and historical, the city lends itself perfectly to endless city wanderings that allow the explorer to discover buildings that are often as interesting on the inside as they are on the outside. So important is Berlin as a centre for architecture that architects of global recognition fall over themselves to make a mark in the city. Some, such as the prolific Lord Norman Foster, have even established offices in this most historic of cities.

Altes Museum (old museum)
The Altes Museum was completed in 1830 and conceived with the purpose to house the art collection of the Prussian Royal family. Designed by the prominent German architect Karl Friedrich Schinkel in neoclassical style, the museum’s main feature is the set of towering columns to the front of the building. Another characteristic of the museum is the plinth that the museum rests upon – an elevating structure put in place to give the building a more imposing air, as well as to save it – and the art works within – from the flooding troubles that used to plague the area in the 19th century. Altes Museum was the first art establishment to land on the Museumsinsel (Museum island). Today, the site houses five critically acclaimed museums, an additional example being the Alte National Galerie that was designed in the latter quarter of the 19th century by August Struler.
Altes Museum, Am Lustgarten 1, 10178 Berlin

Reichstag
Originally launched in 1894, the Reichstag has been subject to severe damage over the years; the destruction it suffered during the Allied bombing of Berlin in World War II was particularly significant. The mighty building was left standing in its battered and beaten state until the 1960s, when it was established anew as a conference centre. Morphing into its current guise in 1992 courtesy of Foster and Partners, who were commissioned to revamp the building in preparation for its new life as the home of the unified German Parliament. With a focus on conveying a sense of transparency, both literally and metaphorically speaking, the giant glass dome perching on top of the building is now as much of an attraction as the original structure beneath it. The roof terrace and dome is accessible to the public and present the visitor with 360-degree views of central Berlin. Time slots are set and need to be booked in advance.
Reichstag, 1 Platz der Republik, 10111 Berlin

Neue Nationalgalerie (new national gallery)
Launched in 1968 and designed by the groundbreaking architect, Mies Van Der Rohe, the Neue Nationalgalerie (the new national gallery) is almost exclusively constructed using steel and glass. Resembling something of an angular spaceship, the low-rise edifice is designed according to the principles of early modernist structural abstraction, and consists of two levels only, ground floor and lower ground floor. Housed within this landmark piece of architecture is a notable collection of modern art by artists hailing from Europe and America. The carefully curated showcase extends to the courtyard, where sculptures by Alexander Calder, Henry Moore, Joannis Avramidis and George Rickey are to be admired.
Neue Nationalgalerie, Potsdamer Strasse 50, 10785 Berlin

Philological Library, “Berlin Brain”
The Philological Library, or as it’s called in popular tongue, The Berlin Brain, is another building in the German capital masterminded by the almighty Lord Norman Foster. More than a tad gimmicky and extra alluring for it, the library has been constructed to resemble a human brain, both internally and externally. Aside from the eye-catching interior, which is signified by a curvaceous silhouette mimicking that of the all-important human organ, the project also pushes sustainable values wherever possible. To mention only one green solution forming part of the concept, the building’s dome shaped shell features a double layer structure with a concrete core, along with solar- driven convection currents- particulars that have been put in place to adjust the temperature without the use of electricity.
Philological Library, Habelschwerdter Allee 45, 14195 Berlin

Brandenburger Tor (The Brandenburg Gate)
Arguably the most recognisable and potent landmark of Berlin-as it symbolises the reunification of the east and the west sides of the city – the Brandenburg Gate was commissioned by the Prussian King Friedrich Wilhelm II. Conceived by Karl Gotthard Langhans in 1793, the design of the gate draws on the gateway to the Acropolis in Athens and thus features a set of Doric columns on either side of the dramatic arch. The famous and highly dramatic Romanesque statue, the Quadriga, rests on top of the structure. It wouldn’t be too far from the truth to deem this landmark the most photographed site in Berlin, or even Germany.