All articles by Antonio Fabrizio
Antonio Fabrizio
New UniCredit CEOs for Croatia, Slovakia
UniCredit Leasing has appointed two new CEOs for its Croatian and Slovakian subsidiaries, both coming from the UniCredit bank network. He replaces Luca Ziero, who has been promoted to regional manager responsible for business operations in Croatia, Slovenia, Serbia and Bosnia and Herzegovina.
New LCV emission targets
LCVs are estimated to be responsible for 1.5% of the EUs total CO2 emissions The new legislation covers vehicles used to carry goods weighing up to 3.5 tonnes (vans and car-derived vans) and which weigh less than 2.6 tonnes when empty From 2014, manufacturers that do not meet the targets will pay a maximum fine of 95 per car less than what the EU Commission originally proposed
Leasing picks up in Poland
The strength of the Polish economy has meant its leasing industry has been quick to emerge from the crisis Not only did the country avoid recession in 2009, but its economy grew at a faster pace than many European countries in 2010, with a 3.3% increase of GDP
All systems go with vendors
Vendor finance in Poland is central to the business of a number of international lessors, with SGEF Polska, Siemens and Pekao Leasing leading the way.
Company profile: Kredyt Lease
The Polish leasing arm of KBC is small compared to its leasing business elsewhere in Europe, although the Belgian financial services group lists Poland as one of its five home markets.
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Ups and downs with VAT
A court ruling in December 2010 on lessors offering insurance bundled with leasing is causing a major headache to tax advisers. The court sentence provided an interpretation suggesting that insurance, when sold by a leasing company, should be taxed at normal VAT rate of 22%
Arval test drives e-cars
Arval account manager Nick Osborne (left) joined Paul McCulloch (right), manager of a 240-strong fleet at construction firm Osborne, at Arval headquarters in Swindon last month The car leasing company had invited customers to test drive the new Nissan Leaf electric car.
Interest rates falls mean better affordability
The recent boom in activity follows a period of slowdown for Russian lessors, which has meant a significant shortfall in the availability of funding as well as demand for leases Leasing in Russia was expanding at a rate of 50 percent a year immediately before the financial crisis struck in 2008. John Grimmett, adviser at international lease consultancy Invigors for the CEE region, said: When the crisis was at its height one year ago, there was a complete lack of funding for the acquisition of new equipment
Econocom profit rises 64%
French IT and telecoms funder Econocom saw an increase in both revenue and profit in 2010 Consolidated revenue reached 1,010m a 33 percent increase from 2009, hitting the 1bn revenue target planned for 2012
Life returns to Russian leasing
A flurry of M&A activity in leasing and banking has characterised the Russian market recently, a sign that the countrys lenders are gearing up for when the market recovers.