top100banks

EBRD: Successful tackling of NPL levels will help boost lending in SEE

The European Bank for Reconstruction and Development (EBRD) raised its investments in Southeast Europe, a region that has remained particularly vulnerable to the effects of problems in the eurozone, to around 1.65 billion euro in 2013 from 1.5 billion euro in 2012. In 2013, EBRD investments remained strong in Turkey, totalling around 920 million euro. In the Western Balkans and Croatia, the EBRD invested a record 1.2 billion euro in more than 80 projects in 2013.

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OMV Petrom: Volatile tax environment, low demand affect business

With activities in exploration and production, gas and power, and refining and marketing, the OMV Petrom Group has proven oil and gas reserves of approximately 775 million barrels of oil equivalent in Romania and Kazakhstan, a maximum annual refining capacity of 4.2 million tonnes, a network of around 800 filling stations in Romania, Moldova, Bulgaria and Serbia, a 860 megawatt (MW) gas fired power plant and a 45 MW wind park. OMV Petrom was acquired by Austria’s OMV in 2004 in the largest privatisation deal Romania had seen up to that point. OMV owns 51% of the company.

SEE Innovations

IBM: Steam, electricity and now Big Data revolution

The region of Southeast Europe with its rich history, culture and a lot of excitement, also gives the world some brilliant minds. Aleksandra (Saška) Mojsilović is a Serbian born scientist who manages the Data Science group in IBM T. J. Watson Research Center in New York. In April 2014 Saška joined the elite club of IBM Fellows, the highest honor a scientist or engineer can achieve in IBM.

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BSTDB to target multi-country projects, greater public sector engagement

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. Its headquarters are in Thessaloniki, in Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The bank’s authorised capital is 3.45 billion euro. BSTDB is rated long-term “A-” by Standard and Poor’s and “A2” by Moody’s.

SEEsustainability

Bulgaria’s software, IT services market set for long-term growth

Konica Minolta provides a wide portfolio of solutions for improving the businesses’ productivity and efficiency by offering the right tools for optimisation and management of their printing environment and document management. And by solutions, we mean the comprehensive mix of hardware and software, from simple document capturing automation to optimisation of whole business processes and implementation of a thorough document management system