Alte stiri din categoria: ENGLISH


Wiener Städtische intends to sell Romanian insurer Unita to UNIQA Group Austria

On 28 May 2008, Wiener Städtische Versicherung AG Vienna Insurance Group and UNIQA Austria Group have on principle reached consent – subject to the approvals by the authorities and especially the approval by the European anti-trust authority – concerning the takeover of the Romanian insurance company Unita VIENNA INSURANCE GROUP S.A. by UNIQA Group Austria, said the company in a statement. UNIQA Group Austria intends to acquire 100 percent of the share capital of the Romanian non-life insurer. It is planned to close the intended transaction in the third quarter of the current year. Vienna Insurance Group CEO Günter Geyer on the transaction: "We have announced to sell our Romanian Group company Unita already some time ago and commissioned JPMorgan to initiate the bidding detalii


Poland policy rate: Unchanged, but for how long?

Today the Polish central bank (NBP) kept its key policy rate unchanged at 5.75% in line with the consensus expectation and our expectation, said Danske Bank. That said, some analysts had expected a rate hike and a roughly 50% chance of a 25bp hike had been priced in the market, so to some players it most have been a disappointment that the NBP kept rates unchanged. For the second month in a row the NBP has kept its rates unchanged after initiating the monetary policy cycle mid-2007. However, there is no doubt that the NBP remains on a tightening bias mostly because inflation remains well about the NBP inflation target of 2.5% +/- 1%-point. However, the zloty remains strong and the first signs of a slowdown in growth are emerging and this is probably what kept the NBP on detalii


A record year for Raiffeisen-Leasing International in 2007

New business volume of EUR 3 billion – the highest growth rate of all leasing companies in CEE at 54 per cent · Profit after tax increased by 52 per cent to EUR 51.8 million · Purely organic growth resulting in coverage of 16 countries with top three market position in nine countries · Central Europe makes highest regional contribution at 69 per cent; vehicle leasing segment contributes greatest volume of new business · International Vendor Finance on the increase Raiffeisen-Leasing International (RLI) – the holding company of the Raiffeisen Leasing network in Central and Eastern Europe (CEE), in which Raiffeisen International Bank-Holding AG holds a 75 per cent stake and Raiffeisen-Leasing, Austria, the detalii


Slovakia: NBS keeps rate unchanged

As expected the Slovak central bank today kept its key policy rate unchanged at 4.25%, said Danske Bank. It is now (nearly 100%) clear that Slovakia will join the euro area from January 2009, which means that the Slovak central bank (NBS) will have to bring interest rates down to the level of the ECB at 4.00%. The reason why the NBS did not cut rates today is probably that it is waiting for the final decision from EU economics and finance ministers confirming the EU commission recommendation to invite Slovakia to join the euro area in 2009. The decision will be announced in June/July. The Slovak government will negotiate the conversion rate for euro zone entry with EU authorities in the coming weeks. According to Prime Minister Robert Fico a strong exchange rate is needed to detalii



Ultimele Comentarii