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EUro Finance Consulting Brief introduction of the company. & How to implement a successful EU project Slovakian case. INTRODUCTION. International consulting company providing complex advisory services in the area of project financing with focus on raising subsidies from EU funds.
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EUro Finance ConsultingBrief introduction of the company & How to implement a successful EU project Slovakian case
INTRODUCTION • International consulting company providing • complex advisory services in the area of project financing • with focus on raising subsidies from • EU funds
KNOW HOW & TERRITORY • Identification of project risks and their optimizing • Procedures and processes verified by international experience • Slovakia • Czech republic • Bulgaria • Romania • Working out of the Project with regard to the rules of its implementation • Considering legal, accounting, tax and other economic aspects in creating the project structure
PRODUCT PORTFOLIO • Analysis • Project • Document • Tender • Implementation • Bank Financing • Private Financing • Education • Investment Opportunities
TOP REFERENCIES • Industrial parks • Galanta (EUR 6,5 million) • Trebišov (EUR 4,7 million) • Tourism • Welness Centre Patince (EUR 2,4 million) • TERNO hotel (EUR 0,5 million) • Education • EQUAL projects (EUR 3 million) • InQb (EUR 2,4 million) • Czech railways (EUR 0,5 million) • Infrastructure • Topoľčany (EUR 0,7 million) • Nová Ľubovňa (EUR 0,5 million) • Technologies • CNS (EUR 0,7 million) • TDS (EUR 0,7 million) • Smrečina (EUR 4,4 million)
How to implement a successfulEU projectSlovakian case Industrial Park Realised Project Research & Development Centre Planned Project
Industrial Park • Structural Funds SOP PaS 1.2 • Basic Conditions • Land • Permits • EIA • 5 investors with complete business plans • Investment Eur 6mio public & 10 mio private • 200 new jobs • Eligible costs also before grant is awarded
Industrial Park • Basic benefits • Max EUR 6 million • 95 % financing through subsidies • Basic risks • Implementation • Co-operation with municipality • Grant awarded in lower amount • Administration of Industrial Park • Wrong measurable indicators
Industrial Park • Advanced Conditions • Sophisticated legal structure • Easy implementation • Clear relations with municipality • Independence from political influences • Potential revenues • Rent • Land valuation • Experienced consultants • Fast resolution of potential problems • Adjusting project based on experience with implementation • Co-operation of Samsung & Galanta
Industrial Park • Due diligence of current status • Documentation • Legal structure • Permits • Setting up time schedule • Start : ASAP • Deadline forecast : March 2006 • Consultancy • Weekly progress meetings (task management)
Industrial Park • Submiting the application • Evaluation • Decision • Implementation • End of project • Monitoring • Legal consequences
Industrial Park • Included services • All services leading to successful submitting • Working out application and annexes • Management of other documentation • Legal assistance arising out of the legal structure set-up • Excluded services • Architects • Tender documentation • Providing certificates for municipality • Fees for state and governmantal agencies
Global Picture DHL LEASE of LAND Netherlands CASH Y = 0 LEASE of LOG CENTER SUBLEASE of LAND TAX increase Flow X = A + B Flow Z = source for C+D+E Flow = A LEASE of LAND MANAGEMENT OF PARK Flow = B GALANTA Slovakia 5 % CO-FINANCING Flow = C INELIGIBLE COST Cost of Samsung Group Income of Samsung Group Flow = D Description of Relation Flow = E VAT for LAND EXCHANGE
Partners in the project • UNIVERSITY - technical university • CITY - where R&D centre is planned • COMPANY - electronic company
Motivation of the Company • Direct and easy access to educated employees • New premises built for R & D Centre • Basic research and applied research in the new premises • Target patents (intellectual property) in the ownership of the COMPANY • Optimised costs through EU grants
How to achieve the targets • Co-operation with UNIVERSITY (universities) • UNIVERSITY in Bratislava • Building new branch in CITY • Educating students in specialized programs for COMPANY in Bratislava and CITY • Educating students and using them as research manpower in the new R & D facilities in CITY and Bratislava • Co-operation with CITY • Premises and land for the new University branch • Premises and land for the new R & D centre • COMPANY • Establishing a new private company specialized in R & D • Hiring part of the scholars and making own applied research • Ordering parts of the research from the University • The company will own all patents • All relations shall be governed by contracts
Financing • University • 95 % grant for the following activities: • Construction of new university branch in CITY • Construction of the new R&D centre in Bratislava (basic research) • Construction of the new R&D centre in CITY (applied research) • Technical equipment of the new facilities • Salaries of the scholars, students, etc... • City • No available funds for the land and premises • Large secondary benefits for the entire region • Company • 65% grant for the following costs • Technical equipment of the private R&D centre • Salaries of the professionals in charge of the research and patenting • Services provided by universities in the EU (parts of research) • The entity should be a medium size enterprise
Sources ofFinancing • Structural Funds of the EU in Slovakia • Operational program Education • Operational program Research & Development • Operational program Competitiveness • Special national programs for support of high-tech R&D activities • IMPORTANT NOTE : The programs through which the R&D Centre as a complex will be financed are in the process of preparation. The conditions will be subject to changes and will be clear by August 2007
Roles of Partners • University • Basic vehicle for financing the majority of all activities • Sourse of qualified employees for Company • Source of qualified personnel for R& D Centre • City • Choosing land and/or building • Support for all activities of other partners • Company • Private partner • Defining exactly what should the Research focus on • Hiring qualified manager and personell of the private R&D Centre • Sharing the 5 % co-financing of University • Bearing consultantcy costs for : • Architects • Lawyers • EUFC
Mr. Andrej Vrsansky CEO EUFC International s.r.o. Búdková cesta 22 811 04 Bratislava Slovenská republika Tel.:+421 2 5465 1154 Fax.:+421 2 5463 0657 E-mail: office@eufc.sk Web:www.eufc.eu Mr. Adrian Goicea Chief partner EUFC Consulting s.r.l. Bd. Decebal 11, bl. S14 Sc. 4, et.4, ap 80 Bucharest Romania Tel.:+40744 515660 E-mail: adrian.goicea@eufc.eu Web:www.eufc.eu Contacts