``Investing Profitably in Bulgaria via Cyprus'' Thursday, April 10, 2008 Seminar...

``Investing Profitably in Bulgaria via Cyprus'' Thursday, April 10, 2008 Seminar 6:00 - 8:00 pm at the Harvard Club, New York City

--(Business Wire)--
"Investing Profitably in Bulgaria Through Cyprus: A Panel
Presentation" will be presented at the Harvard Club, 27 West 44th
Street, Thursday, April 10 from 6:00 - 8:00 pm. Registration is
required but free and may be made by calling 212-213-9100 or emailing
ctcny@cyprustradeny.org.

Who: The Cyprus Trade Center is organizing the event in
cooperation with The Bulgarian Consulate Trade Office, Bingham
McCutchen LLP, Ernst & Young, MM Consult Ltd, Seward Ltd., and The
Repton Group LLC. The panel discussion will be co-hosted by The Rafael
Group, one of the leading investment groups in Bulgaria.

What: The panel discussion will provide a solid briefing on the
benefits of investments in Bulgaria, the use of Cyprus as a location
for financial holding companies vis-a-vis Bulgaria, and will also
discuss legal, economic and tax developments of importance. It will
include the topics:

-- Cyprus tax treaty developments

-- Investment opportunities in Bulgaria

-- Investing in Bulgaria via Cyprus

-- Formation and administration of investment funds in Cyprus and
Bulgaria

Why Cyprus: As one of Europe's most advanced economies, Cyprus has
become Europe's leading corporate holding jurisdictions due to its
advantageous corporate tax system which includes a flat 10% corporate
tax rate and no withholding tax and its extensive and favorable double
tax treaties with over 40 countries.

Situated at the hub of three continents, Cyprus links Europe with
the Middle East and Asia. It is the gateway for American corporations
conducting business in the Balkans, Russia and the Middle East, With
78% of its economy comprised of the services sector, Cyprus has a
state of the art technological, financial and legal infrastructure and
a significant investment in intellectual property, which benefits
American companies establishing operations there. See
www.investincyprus.gov.cy for additional investor information.

Why Bulgaria: As one of the newest member states of the European
Union, located at the strategic crossroads of Europe and Asia Bulgaria
holds a unique economic and investment position.

Bulgaria is the largest recipient of foreign direct investment
(FDI) per capita in the Balkans region, with a dramatic increase in
the last couple of years. Currently considered one of the most rapidly
progressing countries in Europe, Bulgaria's leading investment
vehicles include:

-- Energy (nuclear, thermal, strategic pipelines, renewables)

-- Agriculture

-- Real estate

-- Infrastructure projects

-- Telecommunications

Since its accession to the European Union, International and in
particular U.S. investments in Bulgaria have increased at a soaring
rate.

A list of speakers is available on request. General inquiries from
journalists covering direct foreign investments in Cyprus & Bulgaria
are welcomed.

Cultural Communications
Shannon Wilkinson, 212-505-1253
Mobile: 917-340-6538
contact@culturalcommunications.info

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