most of his life outside the u.k. his father worked in the military and the family's done its fair share of globetrotting but it's in rumania where mike decided to settle down and open a board he's been running for five years now i love the opportunity salad my life and my test still the nightlife and i like to party and that's one of the reasons why i went into this business i love the people of the climates the kind of changes you know and the medium seem more than welcoming since the beginning of this year they've been able to travel and work all over the e.u. some british deputies worried immigrants could start flooding in even suggested running a scare campaign to put them off coming to the u.k. there are many and press saw the letter side of the situation and started campaigning for british citizens to move here and work instead since romania's accession to the e.u. in two thousand and seven brits no longer have to register when they move here so it's hard to say the exact number of them living here but according to the british embassy it's somewhere between three and four thousand and some have even made

a business out of helping other newcomers to get started in this country like jean edgar another british ex-pat who left the u.k. eight years ago after his eighty company went bankrupt he makes a living here by helping other ex-pats register firms find staff buy property and offers other help with foreign businessmen may need when setting up shop rumania has a long long way to go before it could be perceived as let's say a western european type country but for a guy like myself yes i would recommend anyone to come here romania is far from the wealthiest of the e.u. states in fact with the average salary of less than four hundred euros per month it's one of the poorest to the surprise of many word of a mass exodus of romanians to the rest of the e.u. this country has actually given thousands of westerners opportunities they couldn't find at home you got this going off r g book arrest. it's a pleasure to be with us this sunday morning stay with. they are not international

still to come the financial take on the global top stories in venture capital is with katie bilby and if you're watching is in the u.k. what a treat for you get a backstage pass to say in the late steps of news for. the federal migration service of russia has recently received more than five thousand requests for political asylum from ukrainian citizens these requests come from refugees who are fleeing the conflict in the eastern part of ukraine in fact i personally know people who are from the ukraine who are now essentially trapped in russia because their native regions are at war with the kiev government there is a classic mainstream media talking point about russian aggression and russian imperialism which gets repeated constantly in fact so often that is not even

question but if you stop to think about it if you were trapped in a region at war and you were going to escape odd thought where would you go into the heart of the aggressors in imperialists no you go in the direct opposite direction interestingly enough in both this conflict and the two thousand and eight war in georgia the overwhelming majority of refugees flee towards russia excluding some sort of bizarre stockholm syndrome it seems that for people in break we republics in ukraine and georgia russia is a safe haven they often say that people vote with their feet and in the case of the most recent wars in european history it is clear whose feet are voting for whom and no mainstream media talking points can deny that but that's just my opinion.

dread capital i'm coming up in the e.u. officials tribal leaders of the south stream pipeline u.s. energy plans russian shoppers foreign pilots to fly russian planes were expenses and off area in princeton cabbie he'll be here a little later on us all to calm. the world cup sadly from a england is out of the competition on the twenty ten champions spain they're also out but despite that the spanish team is still worth the most more than nine hundred million dollars just that that's almost ten percent of the market value of all world cup play is this is partly down to competition success from madrid they won the champions league this year while the national team try and of course in twenty ten at the world cup in south africa curve course we also have the european successes as well euro two thousand and eight euro twenty twelve i don't know if

there are we've got germany brazil but unfortunately england and italy they are our book big money spending it on the other end of the scale there's one door of the bottom just here with thirty one million dollars but these thieves these four teams just here that all still in the competition which demonstrates the fact that you don't need big money evidently to do well in this competition or do you is worth mentioning as well the spanish national team is worth thirty times more than the indoor and tane so what does this tell us about these big money to use with star players such as today we're going to ask david coverdale from the sun newspaper now david this begs the question does money really make any difference a tour once those players are on the pitch. i think air and international football probably does it make as much different as it does it put football in control of in the richest clubs do you dominate they buy the best buyers they can coach them the

best players are thirty rivals. to and it seems players going to be trying to get there it's over the whole season but kind of well kirk it's a main it's a seven games to with it as a team can do well without some of the expensive players depending on the tactics and their style of play. so that you will find a team that does win this turn and will probably have one of those really expensive players if you look at argentina they've got light on messi you look at brazil they've got neymar and i think those are players well and probably winning the tournament so we can't really ignore state really because although they've got their well this well kurt the last three tournaments they have won the last three major tournaments and their squad is probably just past his peak now but i think you'll find you look at well what is from the past spain eighty brazil france germany argentina they all have soccer expensive players as well as the smaller teams are doing their notably the world cup earthing. but let's talk about the

wages because obviously they are quite excessive on bang and it's the clubs opposing those wages so with that i mind to think that the managers of these super clubs do think that they have too much power and therefore it affects how the national players play. i think if you look at least smaller nations the world means a lot more because they're not so. loyal to their clubs as they are as christianity or now there's a new line of messages they fly a plane champions league in the big leagues the welcome isn't party quite important if you look at it like us to really care this is the pinnacle of their career and it's their chance for themselves in the shop window i think it means a lot more often than not used to playing in search global audience is as a sort of top premier league players are players are playing spain since i can addition really isn't there or if you're looking for a pay rise or

a promotion you can rid a and put yourself in the window as it were for these global big club managers but listen tell me david in your opinion all these wages i'm talking the fifty million pounds a week that a lot the premiership has iran is it excessive is it too much because it does say when if a lot of money doesn't have to conform football around the pads yeah there is that you could ever justify someone earning that soft money but in a way everything is relative and when you look at the money that football is bringing in these days. to fight it but there is no argument for it i mean to be completely pain to share the games sponsors pay millions to be on the shares of teams and that money going to be coming in because of the stars of the game and fans want to see the biggest names plays playing so you can argue those players the soldiers are the biggest choke and also teams now the invited florida ships brother that the russian chelsea in the middle easterners and manchester city thank you for

these wages share i mean why would they pay the clubs now have to sort of to compete they're going to have to start paying those salt because david you're a sports expert before i let you guy who is going to win the world cup this year. well i can say russia now they're out and saying when but now that route. i think it would be brazil argentina. and. like i said god argentina. brazil. south american team players i don't know the climate. expectation so you want. david talking to us from the sun today thank you very much indeed for your time enjoy the rest of the games i certainly were going to pick another team because i did have england and. i think costa rica is going to go for now because david have

a good day good bye. this week austria signed a deal with russia to construct a south stream branch on its territory defying e.u. officials the commission is currently challenging really galatea of the project claiming that it doesn't comply with e.u. competition law and the forty billion dollar project is designed to carry russian gas to the center of europe already dependent on russia for third of its gas needs on a route that bypasses the current transit country ukraine but the company's c.e.o. he told a news conference after the signing he said europe needs russian gas europe will need more russian gas in the future because european gas production is falling i think the european union understands this too according to president putin the reason why the u.s. opposed the south stream is because it wants to supply gas to europe itself and this week the u.s. voted to speed up the export of u.s. liquefied natural gas now supporters of the deal they talk of the positive economic

impacts for the u.s. and its allies as well critics they say that the idea is simply too expensive and talking all of us export power is the first export of an refined american oil in nearly four decades could be underway in the near future this would mean an end to the long term ban on selling u.s. oil abroad other rules were originally opposed after the arab embargo oil. of the one nine hundred seventy s. which caused oil prices to quadruple and lead to rationing at gas stations across the country now this city what's been happening in the corporate well here this week saw the pound on the foreign pilots in russia will be lifted for five years has also russian aviation more stock full permission to hire eighty four and pilots russia needs more pilots to meet demand the industry guys twenty percent annually still saying that most russia's biggest carmaker will only produce vehicles to old

up to the us wants to bring production in line with to conceive a devolved sale slumped by last year resulting in a survey done that says u.s. investment has invested one million dollars in two gas problem securities despite the ongoing gaps to speak with russia or ukraine the company called oppenheimer quest valley has reportedly by the end of this year anyway directed up to one billion dollars in title in russia's biggest gas company. ok time for taken to mcabee on the business desk far away are you still in positive territory i've no doubt that you all could you always all you know are you know the wheel has yet again bust us last time we got russia's largest diamond producer and they would have four percent one dollar dollars over eighteen thousand dollars sorry. i don't know movie you were able to go to money here and here it's crazy. why was

it why do you think you all gaining this much money because i think people i will be thinking hold on a minute is this a wind up that's a lot of money to make and a lot of people are unlucky in the stock market as we know it always as well i've got a couple theories well one thing is remember that a lot of small russian companies do not trade in like international stark markets and stuff like that so we car there we get a lot. out of big winners on the wheel like big oil companies and stuff like that that are pretty reliable but you know it could just be pure luck who knows maybe next time we need to stock the wheel with something like off the vase because the russian car industry is pretty much flat line all the time or going down as i just mentioned that corporate needs and i know people in russia are believe me or really kind of discipline disappointed about it the least little bit and i think a lot of it is lucky i think timing plays into the stock markets but if you give it another well consider. your spindle sylvester speaking of timing if you remember we

invested right before the ukrainian crisis really hit and we lost a lot of money on that one so the us time. it's not have enough. stall that means north steel in russian i have actually been to the superstar plant plant believe it out where they actually produce the steel so that's kind of a very personal thing for me and still something we always need so hopefully this one will turn out just as well as almost every other week. so you keep going if you're going i want to see you get in that double because if you do reach the double we're going to have some champagne we've got to get you in the studio to adults or something and most importantly we've got to ask the director of the company to stop this madness and cash out exactly and go on holiday or something we're going to talk about holidays in a meadow right in kathleen wells on gaining money. what can you do you can argue with that we'll figure katie. without money to is going to guy on holiday somewhere nice and well the tourism season it is underway and twenty five percent fewer

russians will be going to europe they share why because they say get any of these out will be difficult because of the threat of sanctions so instead of visa countries such as turkey and egypt already the most popular destinations bill russians will be getting avon a little popular they say now this also means that european ackles the suffering from a slump in. now the slumping ruble is also curbing the russian shoppers budgets which is four times the size of the average travel are now luxury shopping at ports such as london and frankfurt they're suffering the most because that desire to have bags that watches a sun losses will the staying on the shelves due to russians staying close as to why would you believe that share now one woman that could certainly afford to treat herself to a cheeky how bag or even a fancy hat or two is queen elizabeth the second it's been revealed that the royal family cost the taxpayer. thirty five million pounds

a year on the coast well it's going to rise next year to reach full of she really had which each tax payer is equivalent to the cost of a dairy milk chocolate bar but most of this money doesn't actually go straight to her highness it's got a heretic about it goes on property maintenance stopping all of the buildings from decaying expensive stuff according to the sunday times rich list the queen is worth three hundred thirty million pals are ranked two hundred eighty fifth in the world but this can only have a big if so because the queen is not expected to make a pass because she's for speculation date or either that is a bit tough to pull this week i will be back next week so i'll see that thank you for.