In order to provide interested people with a better overview of the situation, Bank Austria Creditanstalt and Consultatio have decided to publish investment guidelines with the most important initial information.

Consultatio provides an overview of the most important legislation which investors must take into account making investment decisions. With more than fifteen years of experience in advising on and assisting with investments in various reform countries, Consultatio can provide valuable support to investors, especially in the areas of company takeovers or the acquisition of equity interests in young markets.

The Bank Austria Creditanstalt Group offers the full range of products of an international banking group with years of experience and can provide exporters and investors with any of the services required by them.

The Investment Guides offer an initial overview; for more detailed information please contact the persons named in the various chapters.

Investment Guides are available for the following countries:

• Bosnia and Herzegovina
• Bulgaria
• Croatia
• Czech Republic
• Hungary
• Poland
• Romania (updated version - January 2006)
• Russia (new publication - August 2006)
• Serbia
• Slovakia
• Slovenia
• Ukraine

- updates for:

• Bosnia and Herzegovina
• Bulgaria
• Slovakia
• Hungary
• Czech Republic

Besides we will issue a new Investment Guide for Austria in 2006.

Concerning the addition of the new Member States to the European Union we prepared an overview of selected tax details for Hungary, Slovenia, Czech Republic, Slovakia and Poland which was updated this year. This overview was issued as ExtraReport of the Bank Austria Creditanstalt and is part of the "Xplicit Series".

• Overview Taxes (Report Xplicit) (new!)

Your contacts at Consultatio:

• Mag. Gerhard Pichler
• Mag. Siegfried Scheiner