thecrock

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    thecrock
    Member

    i totally agree with mikee…the censorship that daniel proposes on this site is wrong…forums normally contain balanced views and in this case he disapproves of any negative news story…..
    again!

    thecrock
    Member

    hi jean

    i haven’t been to sal for a few years but when there encountered uneven pavements with high steps and roads that are cobbled.

    i work in the health sector and with patients who have had recent hip replacement so i realise how important the walking surface can be.

    can anyone on the forum be more specific about this issue!

    good luck

    thecrock
    Member

    with the uncertain future of the euro as a currency, how would cape verde cope without it?

    thecrock
    Member

    …and the translation into english….

    A couple next door is suspected of killing a German tourist found in his apartment in Santa Maria, on the 8th of October, in an advanced state of decomposition. The motive of the crime allegedly committed by Nuno “Manickam” Miguel Correia, 25, and Claire Alves, 27, was stolen. The two were arrested on the beach. Kreb Angelica, 49, was found dead in house-to-bath of your apartment by the National Police who were alerted by neighbors that there is more than a week did not see the ill-fated. Due to its advanced state of decomposition was not possible to perform an autopsy to determine the cause of death, but the coroner came to advance the hypothesis of suicide.

    Despite this conclusion, the Judicial Police opted for further research, especially after he discovered that many of the same apartment building, including the Kreb Angelica had been targets of theft. One person was immediately identified as a possible author of the theft, but departed from the island of Sal, which delayed the investigation.

    Last Sunday, Nuno “Manickam” Miguel Correia and his girlfriend, Claire Alves, were arrested on the beach. The two are suspected of the practice of murder followed by theft. Were sent to Sal and ears on the afternoon of Monday in the District Court of the island, will wait for the proceedings on remand.

    The motive for the crime, says a source Semana Online, was the practice of theft. But the alleged murderers came to simulate a suicide by hanging in the lavatory faucet in the bathroom of the residence of the victim, who had just returned from England, the country where he spent most of the year.

    whilst the investigation into this case continues, there seems to be a lot more violent crime in cape verde these days….

    thecrock
    Member

    Here is the information from Judicare’s website…..

    This week saw yet again the successful resolution by Judicare of a problematic overseas investment and a return of the client’s deposit plus interest of over 40,000€.

    The islands of Cape Verde have seen in recent years a huge increase of both property developers and projects as the lure of an exotic destination within 6 hours flight time of the UK became too alluring for many investors.

    As the inward investment into the island infrastructure slowed, so too did the abilities of developers to complete projects on time or budget and resulting in defaults in purchase agreements between clients and promoters.

    One such client describes his experiences after instructing Judicare and the issues he faced as he tried to address his concerns;

    “Back in 2008 I invested in a two bedroom apartment in Cape Verde; it appeared to be a sound investment at the time. The completion of the construction was written in the contract to be 2010 with a 180 days grace period.

    The construction on this site did not start until late 2010 and it became obvious that the completion date and grace period was going to elapse. Despite this I was still being asked to meet my payment stages and felt that this was unfair.

    I could not understand how they could change their part of the agreement, but I still was being put under a lot of pressure to meet my payments even though completion of my apartment wasn’t going to be 2013.

    At this point I didn’t know where to turn I had already paid out £34,000. I tried contacting the Law Society to no joy and didn’t know what to do next. Then a friend put me in touch with Neil Heaney of Judicare and it was a relief that there was a company out there that dealt with overseas investment and understood my situation.

    Once they agreed to take on my case they kept me informed at every stage of the process and explained everything in layman’s terms keeping what was already an anxious time in perspective and easy to understand.

    To my great relief I received the call that I had be waiting for to tell me that Judicare had successfully negotiated a settlement of my full investment plus interest. I just what to say a big thank you to Neil and the whole Judicare team for all the hard work and support over the last 2 years.

    I would have no hesitation in recommending Judicare to anyone in the same situation.” Mr.Powell – November 2011.

    How much did it cost him to gain this settlement?

    thecrock
    Member

    From ‘Atlantico Weekly’

    ‘Last week saw the successful resolution by Judicare of a problematic overseas investment and the return of the client’s deposit plus interest of over €40,000. The specialists in investment recovery resolved a dispute between a UK buyer, Mr. Powell, and a development in Cape Verde. Following Powell’s investment in 2008 in a two-bedroom apartment, the construction of the Cape Verde development fell behind schedule, defaulting on the purchase agreement.’

    Does anyone know more about this?

    thecrock
    Member

    i’m not sure the decision makers in cape verde know what they’re doing!?! very few of them have worked outside of cape verde i expect and it maybe possible none of them has any quantifiable achievements to qualify them.

    do they have a development management plan of any description? if so, how are the results being measured? have they given up? without the ‘quality’ self catering resorts being ready for continuous occupation there will be no cheap flights soon. try again in 2013 or 2014….

    thecrock
    Member

    hi all

    i need to pay IUP on land plot in boa vista.
    can anyone suggest how i can achieve this
    without flying to the island at considerable
    cost in terms of time and money?

    i know there are a few agents available on
    sal but they cannot help with regard to boa vista.
    does anyone have any suggestions?

    thecrock
    Member

    have many cruise ships visited cape verde recently?

    thecrock
    Member

    ..yeah always best to take mobile to put local sim card into…

    thecrock
    Member

    tacv, the airline of ‘the country that time forgot’…..

    thecrock
    Member

    thanks hod for keeping this thread going……

    500 replies and 50000 views…..the biggest on the site…

    i expect it’ll run for many more years……

    good luck……..

    thecrock
    Member

    …could be, after the bomb attacks in sharm el sheikh in 2005 it took about 3 years for tourist numbers to return to ‘normal’.

    now the red sea resorts have had to endure sharks attacks and civil unrest i expect tourist numbers to drop. however at the tale end of 2010 you could purchase a one week all inclusive for a couple at an egyptian 5 star for £1000.

    how much does a weeks all inclusive at a rui cost? yes, much more. but it’ll put cape verde on the map with those used to enjoying winter sun in the red sea and they may like it.

    i expect flights from europe to the red sea resorts to become subsidised again in order attract visitors. good for scuba divers as sharm has some of the best dive sites in the world. more airlines expected to fly to cape verde as more developments are completed.

    thecrock
    Member

    Sterling vs. Euro; up on weaker single currency

    Sterling recovered last week from some of the losses incurred the week previous off the back of positive UK data and the Eurozone Interest Rate announcement. The Pound made steady progress throughout the week ending almost 2 Cents higher than it started.

    In the UK important data of note in the early part of the week was strong manufacturing data in the form of‘Manufacturing Purchasing Managers Index (PMI.) Broadly speaking, this is an indicator of economic health of the manufacturing sector. The result exceeded expectations and indeed was the highest reading since the survey’s inception in 1992.

    Such was the strength of the reading, it over shadowed the release of mortgage approvals for January which was worse than expected and furthermore prompted renewed speculation of an interest rate rise and therefore pushed the Pound higher against the Euro.

    There was more good news for Sterling on Thursday as the Services PMI showed that the services sector expanded at the fastest pace in 8 months. This was followed with UK house price data which came in well above expectation at 0.8% growth.

    By this point the raft of positive data had led analysts to speculate that an interest rate rise could occur in the UK as soon as May – However, with more important data releases this week, such speculation over this matter could prove to be a little premature.

    In the Eurozone the currency’s performance was stunted as expectations were dampened with the news on Thursday that interest rates were kept low at 1%. Trichet’s comments and viewpoint disappointed investors who were hoping for a much more Hawkish statement especially after inflation data earlier in the week which came out above expectation.

    Report from the ‘Foremost Currency Group’

    thecrock
    Member

    Sterling vs. Euro falls on shock GDP contraction

    Sterling plunged on Tuesday last week after a shock contraction in Q4 UK GDP. Britain’s economy shrank 0.5% in the last three months of 2010, confounding forecasts for a 0.5% expansion, with December’s heavy snow accounting for only part of the first contraction in five quarters.

    Sterling fell approx 1.75% from 1.1720 to 1.1536: The figures will be bad news for the government, which is due to start cutting public spending in early in 2011. They will also cast doubt over previous market expectations that the Bank of England will raise interest rates in the first half of the year.

    While last week’s GDP figures are backward-looking, they are nevertheless crucial to understanding the resilience of the economy to shocks. It seems that the economy is incredibly vulnerable and with the fiscal tightening yet to fully bite, we will have to brace ourselves for a bumpy ride.

    Other economic figures last week showed that Britain’s public sector net borrowing rose from a year ago to its highest December reading on record and UK consumer confidence suffered an ‘astonishing collapse’ as Britons’ confidence in the economy and their finances witnessed its biggest drop in close to 20 years, raising fears that the Government’s austerity onslaught will set off a self-feeding downward spiral.

    Despite all the doom and gloom Sterling did receive a brief lift after minutes from the Bank of England’s policy meeting showed policymakers considered an interest rate hike with (MPC) member Martin Weale unexpectedly joining Andrew Sentance in voting for a quarter-point rate rise. It’s important to note however that this meeting occurred a week before the Q4 GDP data the MPC members would have based their decisions on existing forecasts.

    Sterling reacted positively to this news albeit a little muted and recovered 0.75% of its losses to rise to 1.1637. An indirect and potentially future event risk came as Standard & Poor’s rating agency downgraded Japan for the first time in nine years, citing lack of a “coherent strategy” to control its monster budget deficit.

    The move is a reminder that sovereign debt woes continue to fester across much of the world and still pose a threat to the fragile global recovery; this may also be a reason behind the coalition government’s adherence to its austerity plan.

    Report from the Foremost Currency Group

Viewing 15 replies - 1 through 15 (of 284 total)