Press Release
ECE/TRADE/00/10
Geneva, 2 June 2000
How Can Real Estate Markets Be Best Promoted
in the Transition Economies?
International organizations meet in Geneva to discuss options
A growing number of countries and international organizations are
becoming aware of the benefits of well-functioning real estate markets for social and
economic progress. With this in mind the United Nations Economic Commission for Europe
(UN/ECE), through its Trade Division and the Real Estate Advisory Group (REAG), is working
to promote greater understanding of the fundamental importance to transition economies of
successfully functioning markets in real estate. A meeting was held on 26 May in Geneva
bringing together international organizations and major non-governmental organizations
(NGOs) that deal with real estate issues in countries with economies in transition. The
objective was to share experience and discuss areas of common interest regarding work on
this issue in the region of central and eastern Europe and the Commonwealth of Independent
States (CIS). In addition it received the results of a Survey about the issue. A report on
the Survey will be published shortly.
The Real Estate Advisory Group presented a Survey of the activities of
international organizations and major NGOs. This formed the basis for a subsequent
exchange of views and experiences, as well as discussions on information exchange and
future cooperation among the participants. The meeting helped to establish new relations
and to reinforce the network that already existed among certain participants.
Participants showed strong commitment to continuing contacts, creating
an innovative exchange of information and developing future joint activities. This should
contribute to improving the whole environment for the real estate sector, as well as to
attracting the attention of national Governments, the private sector and foreign investors
to the importance, impact and opportunities of the real estate market on overall economic
progress.
For further information contact:
Robert Hall
Chairman, Real Estate Advisory Group
and Partner with Baker McKenzie
100 New Bridge Street
London EC4V 6JA
United Kingdom
Tel: + 44 171 919 1000
Fax: + 44 171 919 1999
E-mail: [email protected]
Miroslav N. Jovanovic
Trade Division
United Nations Economic Commission for Europe
Palais des Nations
CH - 1211 Geneva 10, Switzerland
Tel: + 41 22 917 2493
Fax: + 41 22 917 0037
E-mail: [email protected]
In order to provide you with a
better service, we would appreciate it if you would send a copy of your article to: Information Unit, United Nations Economic Commission for Europe (UN/ECE), Palais des
Nations, Room 356, CH - 1211 Geneva 10, Switzerland,
Tel: +(41 22) 917 44 44, Fax: +(41 22) 917 05 05,
E-mail: [email protected],
Website: http://www.unece.org
Thank you. |