Cease in Prosecution of Damir Fazlic!

You can read more about the order for the cease in prosecution of Damir Fazlic delivered in Tirana by checking out the “Damir Fazlic Resolution” on blogspot.

Damir Fazlic Press Conference

Any and all charges against Damir Fazlic were recently dropped, thus putting an end to a 6 month investigation and clearing him of any involvement with illegal activity.  The investigation opened as a result of stories which were written that linked him to said activity.  In a recent press conference, Fazlic addressed the results of the investigation and his plan for the near future.  In summary, Fazlic explained that the stories were politically motivated and based on lies with the sole intent to slander and degrade his character and every political official he is affiliated with.  He strongly urges that this type of journalism be stopped.  He loves Albania and hopes to continue his business endeavors there.  The press conference can be found on YouTube divided up into two segments.

Press Conference Part 1

Press Conference Part 2

Porto Romano

As the new administration in Albania continues to seek a solution for energy independence, a prime project of interest is the Porto Romano thermo power plant.  Originally, the Porto Romano project aimed to improve energy security in Albania through the use of thermo energy generated by two  800 MW coal fired unites.  The design suggested that the plant substation would connect to Tirana’s main substation in order to provide Albania with much of their energy needs.  A different undersea cable linked to the plant substation would outsource more than 50% of the energy it produces to Italy.

While the plant would provide Albania with some energy independence and security, it would also serve as a resource for export and thus revenue for Albania.  The Porto Romano project is designed for operation in Durres, the second largest city in Albania.  Anybody that has stake in the land where this plant is designed for naturally has interest in the outcome of the project.  Fazlic is a real estate investor with interest and experience in developing land that is suitable for energy related projects.  He has a vested interest in the decisions being made regarding the Porto Romano thermo power plant project.

Damir Fazlic Assets

Currently Damir Fazlic owns between 15 and 20 companies worldwide.  His book value, according to tax documents, is believed to be around $1.75 million euros.  His projects in Albania combine the work of 4 of his companies.  These 4 companies are believed to be worth only around $4,000 altogether ($1000/each).  However, the projects that these companies are working on in Albania are young.  Fazlic believes that these companies will be worth much more once the projects in Albania are finished.

The 4 companies mentioned above are primarily focused on his real-estate investments.  Fazlic has reminded us that every business requires initial capital in order to break ground.  His companies are providing just that.  He believes that right now they may appear to only be  worth approximately $4,000 euros total.  However, he trusts that once the projects are finished, his investments will be worth around $50 million euros.  That’s how business investments work.

The initial capital is needed to get things started.  At that time, the company is taking a risk where they may not get their money back. So, the company does not have a lot of physical money on the books because it is invested elsewhere.  Those investments are assets and have a value.   How much that asset is worth adds to the net value of the company that owns it.  The asset is only as valuable as it’s ability to be sold. Right now, the value of all of the physical money and assets of the 4 companies combined totals $4,000.  Fazlic believes that this value will change.

When the projects do well and the land is developed, it becomes more marketable and can be sold at a higher value than what was paid for it in the beginning.  Therefore, the real-estate becomes a high value asset and the total worth of the company increases.  Usually, the value of the real-estate has a higher resale value than the total amount of money that was required to purchase it and develop it.  Therefore, the land becomes profitable to sell.

If the real-estate Fazlic invests in does not become valuable, then it will not be able to sell as well.  All of the money that was used to purchase the land and develop it may be lost if the real-estate cannot be sold.  The value of that investment really is equal to the amount of money that the highest bidder is willing to pay for it.  If the amount is less than the amount of money already invested, then the value that the real-estate had to the company is negative, resulting in a loss of capital and value.

The simply math used in the equation is not always the only factor in determining the value of the land and how much it will sell for.  What the land is developed into and what it can be used for places a weight in the equation and causes the value to increase or decrease.  In the past, if there were a shortage of water and the land was a good source of fresh water, then having a fresh water well in that location would cause the land to be worth infinitely more to those requiring fresh water.

The land that Falzic owns is unique because it can be developed for energy related projects.  Under the old government in Albania (prior to 2005), Fazlic didn’t think energy projects were on the agenda for the Albanian government.  However, under the new government, Fazlic believes energy projects will be more of a priority, thus increasing the necessity (and therefore the value) of suitable land locations to host these projects.

Under the old government his land was probably appraised at a low value.  With new political decisions, Albania will take a strong step towards energy production and imports.  Fazlic believes that this will cause his real-estate investment to increase significantly in value.  Therefore, although the land is not (or was not) worth as much in the past, it might be worth a lot more in the future.  So, when the books say that his companies are only worth $4,000, he knows that the books don’t necessarily factor all facets of the investment into account and if the land were to be reappraised, along with the new developments that his companies will have made to it, then the land will be worth much more.

If Fazlic could not develop and sell his real-estate, then he might lose everything and the companies might only be worth $4,000 (or whatever amount is left in $ and resources).  This is the risk that investors much take.  However, with the current agenda in Albania calling for change, the tremendous necessity for energy to facilitate development, and the desire of the Albanian politicians to be the pioneers of the new face of Albania (ultimately leading their citizens to a better quality of living and a prosperous future), Fazlic is confident that his companies are worth much more than $4,000.

Damir Fazlic Background Info

Damir Fazlic was born in the Bosnian section of former Yugoslavia. He has dual nationality, Bosnia and UK. He attended school in England and studied Economics and Political Science. He worked at Markit investment bank in the UK and then pursued more education and job opportunities in the United States. He attended JFK School of Government and Harvard.

Damir Fazlic has a wife and a son. He lives in Washington, D.C. but frequently travels to Europe. He visits London to see family while working on business opportunities that involve Albania. He owns multiple consulting companies. His high level of intellect and successful business endeavors has earned him the respect of many important businessmen and political officials. He has an important black-book that includes a list of very important names of which he can call friends.

Welcome to the Damir Fazlic Blog

Thank you for visiting the Damir Fazlic blog on WordPress.  This site is intended to educate readers about the works of Damir Fazlic along with some background information about who he is and where he came from.  Check back often for new updates.