The Committee of European Securities Regulators

Total Page:16

File Type:pdf, Size:1020Kb

The Committee of European Securities Regulators THE COMMITTEE OF EUROPEAN SECURITIES REGULATORS REF: CESR/04-717ANNEX 1 CESR EXPERT GROUP ISD MARKETS ANNEX TO THE CONSULTATION DOCUMENT CESR/04-562 The trade data made available on this web-site has been supplied to CESR by exchanges in member states to assist CESR in developing its advice to the EU Commission in respect of a number of implementing measures relating to the Markets in Financial Instruments Directive (2004/39/EC). In particular, CESR has to provide advice in respect of what should be considered a liquid share the purposes of Article 27, and on standard market size and block sizes. CESR is extremely grateful to exchanges for providing data so quickly. However, readers of the data should be aware that: 1. The data has been supplied solely to assist CESR in developing its advice to the Commission. 2. The data was requested on a short-time scale and exchanges supplied the data without the opportunity to review and correct any errors in a way that they would otherwise have done. 3. Some of the data from the different exchanges has not been prepared on a comparable basis. This is because CESR was concerned to obtain indicative data to work with and, in the circumstances, it would have been unreasonable to request exchanges to conduct the additional work that would have been required to produce data using computation methodologies that they might not normally use. 4. Absolute differences in some elements of the data, especially spread data, should be recognised as being influenced by different trading methodologies and structures. In the case of spread data, the size of the spread will be significantly influenced by such factors as the minimum tick size. In any event, the spreads offer no indication of the depth of liquidity available at the best bid and offer prices in individual shares. This annex contains the data from those CESR members which were able to deliver the requested data and which agreed to publish the data. Three CESR members (Estonia, Lithuania and Slovak Republic) were not able to provide the data at this stage. Additionally two exchanges which provided the data for the expert group did not give their permission to publish it (London Stock Exchange and Virt-X) and one exchange wanted to limit the content of published information (Irish Stock Exchange). For technical reasons the data is published in six separate files. There are seprate files for Euronext, Germany, Iceland and Hungary and a joint file for all other CESR members. The sixth file cotains the calculation parameters used by Euronext. 11-13 avenue de Friedland - 75008 PARIS - FRANCE - Tel.: 33.(0).1.58.36.43.21 - Fax: 33.(0).1.58.36.43.30 Web site: www.cesr-eu.org BELGIUM / EURONEXT BRUSSELS Please see a separate file. - 2 - CZECH REPUBLIC / PRAGUE STOCK EXCHANGE Average number Average Percentage of Summed Traded of trades per turnover per total turnover percentage of Turnover Average daliy trading day (# of trading day (in in the market total turnover velocity spread ISIN-code Name of the Share (Y/N) trades) mil. EUR) (%) (%) (%) (%) CZ0008019106 KOMERČNÍ BANKA Y 116,95 12,44 39,33 39,33 122,07 0,25 CZ0009093209 ČESKÝ TELECOM Y 102,64 7,98 25,24 64,57 68,28 0,31 CZ0005112300 ČEZ Y 88,37 5,44 17,2081,77 64,53 0,34 CS000841886 9 PHILIP MORRIS ČR Y 34,58 2,36 7,46 89,23 78,09 0,54 AT0000652011 ERSTE BANK Y 23,99 1,59 5,04 94,28 2,17 0,37 CZ0009091500 UNIPETROL Y 42,42 1,06 3,37 97,64 90,22 0,71 CZ0009054607 ČESKÉ RADIOKOMUN. N 27,67 0,58 1,85 99,49 62,53 0,87 CZ0008002755 ČESKÁ POJIŠŤOVNA N 1,22 0,08 0,26 99,75 5,02 x CZ0005098251 ISPAT NOVÁ HUŤ N 5,94 0,04 0,12 99,87 11,43 x CZ0005103952 SOKOLOVSKÁ UHELNÁ N 0,54 0,02 0,05 99,92 4,20 x CS000503415 6 KABLO ELEKTRO N 0,05 0,01 0,04 99,96 17,29 x CS000502285 4 SSŽ N 0,22 0,00 0,01 99,97 1,42 x CS000841975 0 ENERGOAQUA N 0,01 0,00 0,01 99,98 4,46 x CS000841625 1 PVT N 0,12 0,00 0,01 99,98 0,88 x CZ0005078253 STČ ENERGETICKÁ N 0,15 0,00 0,00 99,99 0,19 x CZ0005102350 SEVEROČESKÉ DOLY N 0,32 0,00 0,00 99,99 0,16 x CZ0005078352 SM ENERGETIKA N 0,10 0,00 0,00 99,99 0,08 x CZ0005100651 OKD N 0,18 0,00 0,0099,99 0,07 x CZ0005091959 ALIACHEM N 0,23 0,00 0,00100,00 0,59 x CZ0005091355 PARAMO N 0,08 0,00 0,00100,00 0,35 x CS000501845 6 TATRA N 0,42 0,00 0,00 100,00 0,86 x CZ0005078055 SČ ENERGETIKA N 0,04 0,00 0,00 100,00 0,03 x - 3 - CS000842055 0 MADETA N 0,02 0,00 0,00 100,00 0,32 x CS000503115 2 ŽĎAS N 0,07 0,00 0,00100,00 0,31 x CZ0005005850 JČ PAPÍRNY VĚTŘNÍ N 0,17 0,00 0,00 100,00 0,68 x CZ0005076950 VČ ENERGETIKA N 0,06 0,00 0,00 100,00 0,02 x CZ0005077354 ZČ ENERGETIKA N 0,07 0,00 0,00 100,00 0,01 x CS000842495 8 SPOLANA N 0,02 0,00 0,00 100,00 0,14 x CZ0005018259 SLEZAN FRÝDEK-MÍS. N 0,04 0,00 0,00 100,00 0,12 x CZ0005077057 JČ ENERGETIKA N 0,06 0,00 0,00 100,00 0,01 x CS000841855 4 STOCK PLZEŇ N 0,04 0,00 0,00 100,00 0,04 x CZ0005092858 SPOLEK CH.HUT.VÝR. N 0,16 0,00 0,00 100,00 0,06 x CS000841245 8 METALIMEX N 0,02 0,00 0,00 100,00 0,01 x CZ0008460052 SETUZA N 0,10 0,00 0,00100,00 0,09 x CZ0005092452 SČ PLYNÁRENSKÁ N 0,00 0,00 0,00 100,00 0,01 x CZ0005112607 ALIACHEM N 0,23 0,00 0,00100,00 0,05 x ČESKOMORAVSKÉ CZ0005103457 DOLY N 0,11 0,00 0,00100,00 0,04 x CS000845865 9 UNITED ENERGY N 0,02 0,00 0,00 100,00 0,01 x CZ0009055158 PRAŽSKÉ SLUŽBY N 0,03 0,00 0,00 100,00 0,01 x CZ0008418001 FINOP HOLDING N 0,04 0,00 0,00 100,00 0,00 x CS000842395 0 TEPLÁRNA ÚSTÍ N.L. N 0,01 0,00 0,00 100,00 0,02 x CZ0008418951 LAFARGE CEMENT N 0,03 0,00 0,00 100,00 0,00 x CS000502915 6 ČESKÁ ZBROJOVKA N 0,04 0,00 0,00 100,00 0,01 x CS000845215 7 TEPLÁRNY BRNO N 0,01 0,00 0,00 100,00 0,01 x CZ0005078154 PRAŽSKÁ ENERGETIKA N 0,04 0,00 0,00 100,00 0,00 x CZ0005077958 JM ENERGETIKA N 0,02 0,00 0,00 100,00 0,00 x CZ0005082255 NKT CABLES N 0,03 0,00 0,00 100,00 0,01 x - 4 - CZ0005078956 JM PLYNÁRENSKÁ N 0,01 0,00 0,00 100,00 0,00 x CZ0005088559 TOMA N 0,01 0,00 0,00100,00 0,01 x CS000500896 0 MEOPTA PŘEROV N 0,01 0,00 0,00 100,00 0,01 x CS000842285 3 LÁZNĚ TEPLICE V Č. N 0,02 0,00 0,00 100,00 0,01 x CS000843525 1 SM VOD.A KAN.OVA N 0,00 0,00 0,00 100,00 0,00 x CZ0009048955 KOTVA N 0,01 0,00 0,00100,00 0,00 x CZ0005078857 JČ PLYNÁRENSKÁ N 0,01 0,00 0,00 100,00 0,00 x CZ0005084350 PRAŽSKÁ PLYNÁREN. N 0,00 0,00 0,00 100,00 0,00 x CS000844675 3 LÉČ.LÁZNĚ JÁCHYMOV N 0,01 0,00 0,00 100,00 0,00 x CZ0005084459 SM PLYNÁRENSKÁ N 0,00 0,00 0,00 100,00 0,00 x CZ0005092551 VČ PLYNÁRENSKÁ N 0,00 0,00 0,00 100,00 0,00 x CS000500685 7 ŠKODA PRAHA N 0,00 0,00 0,00 100,00 0,00 x CS000841585 7 WIENERBERGER C.P. N 0,00 0,00 0,00 100,00 0,00 x TARMAC CZ0005074351 SEVEROKÁMEN N 0,00 0,00 0,00 100,00 0,00 x CZ0005077453 PLZEŇSKÁ TEPLÁREN. N 0,00 0,00 0,00 100,00 0,00 x CZ0005078659 STČ PLYNÁRENSKÁ N 0,00 0,00 0,00 100,00 0,00 x CZ0005078758 ZČ PLYNÁRENSKÁ N 0,00 0,00 0,00 100,00 0,00 x CZ0008413556 ČESKÁ NÁMOŘ.PLAVBA N 0,00 0,00 0,00 100,00 0,00 x - 5 - DENMARK / COPENHAGEN STOCK EXCHANGE Percentag Summed Average number e of total percentag Trade of trades per Average turnover turnover in e of total Turnover Average d daily trading day (# of per trading day the market turnover velocity spread ISIN-code Name of the Share (Y/N) trades) (million €) (%) (%) (%) (%) DK0010274414 Danske Bank Y 553 35 084 564 15,975% 15,98 % 10 % 0,20 % DK0010244342 D/S 1912 B Y 727 33 700 515 15,345% 31,32 % 11 % 0,28 % DK0010280817 Novo Nordisk B (107.4872m) Y 602 30 071 363 13,693% 45,01 % 11 % 0,22 % DK0010253335 TDC Y 564 21 622 271 9,845% 54,86 % 13 % 0,16 % DK0010291699 Group 4 Falck Y 398 11 885 255 5,412% 60,27 % 27 % 0,28 % DK0010268606 Vestas Wind Systems Y 633 11 276 673 5,135% 65,40 % 33 % 0,37 % DK0010267046 ISS Y 237 7 239 704 3,296% 68,70 % 16 % 0,29 % DK0010287234 H.
Recommended publications
  • Dear Friends, Contents
    Dear Friends, This is a vibrant moment in Latvian film. from the 1960s to the present day, and who By Dita Rietuma, Riga, Latvia, was chosen as the host location is a past recipient of an EFA award. director of the of the 2014 European Film Academy awards Animation is also an essential part of National Film ceremony. 2014 was also marked as a time Latvian cinema – both puppet and illustrated Centre of Latvia when a new generation of directors came animation have been evolving in Latvia since into Latvian cinema. Many – journalists, the 1970s. 2014 saw two cardinally-different critics – are likening them to the French features: The Golden Horse, based on a New Wave of the 1960s, with their realistic, national classic, and Rocks in M y Pockets – an impulsive aesthetic and take on original, feministic and very personal view the zeitgeist of the time. Mother, I Love from director Signe Baumane, it is also You (2013) by Jānis Nords and Modris (2014) by Latvia’s contender for the Oscars. Juris Kursietis, have received awards and Latvia is open to collaboration, offering a recognition at the Berlinale and San multitude of diverse locations and several Sebastian festivals respectively. tax-rebate schemes, but most A strong documentary film tradition importantly – a positive and vital cinematic continues on in Latvia, and is embodied by environment. living legend, documentary filmmaker Ivars Discover Latvia, its films, filmmakers and Seleckis, whose career has spanned a period creative opportunities! 6 Contents Doing It Right. Overview 2 A Poetic Touch. Director Ivars Seleckis 8 From Behind the Listening Post.
    [Show full text]
  • Name Address Postal City Mfi Id Head Office Res* Greece
    MFI ID NAME ADDRESS POSTAL CITY HEAD OFFICE RES* GREECE Central Banks GR010 Bank of Greece, S.A. 21, Panepistimiou Str. 102 50 Athens No Total number of Central Banks : 1 Credit Institutions GR060 ABN Amro Bank 348, Syngrou Avenue 176 74 Athens NL ABN AMRO Bank N.V. Yes GR077 Achaiki Co-operative Bank, L.L.C. 66, Michalakopoulou Str. 262 21 Patra Yes GR056 Aegean Baltic Bank S.A. 28, Diligianni Str. 145 62 Athens Yes GR014 Alpha Bank, S.A. 40, Stadiou Str. 102 52 Athens Yes GR100 American Bank of Albania Greek Branch 14, E. Benaki Str. 106 78 Athens AL American Bank of Albania Yes GR080 American Express Bank 280, Kifissias Avenue 152 32 Athens US American Express Yes Company GR047 Aspis Bank S.A. 4, Othonos Str. 105 57 Athens Yes GR043 ATE Bank, S.A. 23, Panepistimiou Str. 105 64 Athens Yes GR016 Attica Bank, S.A. 23, Omirou Str. 106 72 Athens Yes GR081 Bank of America N.A. 35, Panepistimiou Str. 102 27 Athens US Bank of America Yes Corporation GR073 Bank of Cyprus Limited 170, Alexandras Avenue 115 21 Athens CY Bank of Cyprus Public Yes Company Ltd GR050 Bank Saderat Iran 25, Panepistimiou Str. 105 64 Athens IR Bank Saderat Iran Yes GR072 Bayerische Hypo und Vereinsbank A.G. 7, Irakleitou Str. 106 73 Athens DE Bayerische Hypo- und Yes Vereinsbank AG GR105 BMW Austria Bank GmbH Zeppou 33 166 57 Athens AT BMW Austria Bank GmbH Yes GR070 BNP Paribas 94, Vas. Sofias Avenue 115 28 Athens FR Bnp paribas Yes GR039 BNP Paribas Securities Services 94, Vas.
    [Show full text]
  • THE WORLD KNOWS LATVIA BY... Text by Phd Raimonds Cerüzis
    Inventors from Latvia. Scientific, cultural and other achievements. THE WORLD KNOWS LATVIA BY... Text by PhD Raimonds Cerüzis The world’s oldest civilisations have understood that a nation’s greatest treasure is its people. Latvia is an exceptional example of how great people and great ideas are often born in relatively small countries. Over the centuries, Latvia’s geopolitical situation has been shaped by its strategic Baltic Sea location at the crossroads of trade and conflicting large power interests. The dynamic forces that forged Latvia’s turbulent history have produced a unique set of values, traits and characteristics in its people and have led to their recognition around the world. This is just a brief look at the achievements and contributions of some of the world famous scientists, inventors, artists, athletes, and businessmen whose lives originated or were influenced by Latvia. Also notable are those exhibiting a characteristically Latvian attribute—a passion for exploration, innovation and adventure. The invention of Technical and scientific nitrate fertilisers and a c h i e v e m e n t s Wilhelm Ostwald ( 1 8 5 3 Ð 1 9 3 2 ) The outstanding Rîga-born chemist Wilhelm Ostwald, professor at The world’s smallest mechanical camera, Rîga Polytechnic and Leipzig University, worked intensively from 1875 on the Minox, and its inventor the analysis of catalytic chemical processes and discovered the Walter Zapp fundamental laws of homogenous catalysis of acids and bases, without (1905Ð2003) which the modern-day chemical industry is unimaginable. The method of obtaining nitric acid devised by Ostwald (the ‘Ostwald Process’) was first applied during the First World War for making explosives.
    [Show full text]
  • The Eurozone Profiteers / 1/ Table of Contents
    THE EUROZONE PROFITEERS / 1/ www.corpwatch.org TABLE OF CONTENTS INTRODUCTION ......................................................................................................................................................... 5 Welcome to the Casino 5 Who Owes Whom? 7 Research by Ester Arauzo Azofra, Pratap Chatterjee, GERMAN BANKING: PAROCHIAL AND OVERBANKED, OR SMALL IS BEAUTIFUL? ................................. 11 Christina Laskaridis, Puck Lo, Myriam Westdeutsche Landesbank: A Jumbo with Engines on Fire and Nowhere to Land 14 Vander Stichele, and Joris Tieleman Depfa and Hypo Real Estate: One-Eyed Man Becomes King in the Land of the Blind 16 Thanks also to Kenneth Haar, Steven Hill, Lily Smith, Commerzbank: Property Lending Can Be a Mug’s Game 19 and Martin Pigeon, who provided valuable input and support for this report. FRENCH BANKING: LESS STATE = LESS HAPPINESS ....................................................................................21 Société Générale: Arrived with a Swagger, Brought Down by a Gamble 23 Crédit Agricole: Ready to Forget Cautious Lessons About Banking 25 Edit & design: Terry J. Allen Dexia: Using Public Funds to Support a Casino 27 Cover design: Pratap Chatterjee Cover cartoon: Khalil Bendib LENDING FRENZY ..................................................................................................................................................31 Spain: An Airport Without Planes, and the Never-Ending Property Boom 33 Greece: Of Disappearing Debt and Illegal Loans 35 Cyprus 39 Ireland: From
    [Show full text]
  • Hellenic Exchanges-Athens Stock Exchange SA Group (ATHEX) Has Been Prepared for the Fiscal Year 1.1.2014 - 31.12.2014
    HELLENIC EXCHANGES-ATHENS STOCK EXCHANGE S.A. (ATHEX) ANNUAL FINANCIAL REPORT For the period from January 1st 2014 to December 31st 2014 In accordance with the International Financial Reporting Standards ATHENS EXCHANGE GROUP 110 Athinon Ave. 10442 Athens GREECE Tel:+30-210/3366800 Fax:+30-10/3366101 The 2014 Annual Financial Report was prepared in accordance with article 4 of Law 3556/2007, has been approved by the BoD of Hellenic Exchanges-Athens Stock Exchange S.A. (ATHEX) on March 16th 2015, and has been posted on the internet www.athexgroup.gr WorldReginfo - 36f59805-e3bc-4caf-bd5a-69af28e6a3a8 2014 ANNUAL FINANCIAL REPORT 2014 ANNUAL FINANCIAL REPORT TABLE OF CONTENTS 1. DECLARATIONS BY MEMBERS OF THE BOARD OF DIRECTORS (in accordance with article 4 §2 of Law 3556/2007)................................................................................................................... 4 2. MANAGEMENT REPORT OF THE BOARD OF DIRECTORS OF HELLENIC EXCHANGES-ATHENS STOCK EXCHANGE S.A. HOLDING FOR THE FISCAL YEAR FROM JANUARY 1ST 2014 TO DECEMBER 31ST 2014 (in accordance with article 4 of Law 3556/2007) ...................................................... 6 2.1 Corporate Governance Declaration .......................................................................... 24 2.2 Transactions with associated companies of the HELLENIC EXCHANGES-ATHENS STOCK EXCHANGE S.A. (ATHEX) Group for the 13th fiscal year from 1.1.2014 to 31.12.2014 ............ 45 2.3 Explanatory Report in accordance with Article 4 of Law 3556/2007 ............................. 47 2.4 Information according to Article 10 of Law 3401/2005 ............................................... 49 3. AUDIT REPORT BY THE INDEPENDENT CERTIFIED AUDITORS ACCOUNTANTS ........................ 52 4. ANNUAL FINANCIAL STATEMENTS .................................................................................... 55 4.1 ANNUAL STATEMENT OF COMPREHENSIVE INCOME .................................................. 56 4.2 ANNUAL STATEMENT OF FINANCIAL POSITION .......................................................
    [Show full text]
  • Joint Stock Company Olainfarm
    JOINT STOCK COMPANY OLAINFARM (UNIFIED REGISTRATION NUMBER 40003007246) CONSOLIDATED ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2008 (12TH FINANCIAL YEAR) PREPARED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS, AS ADOPTED BY THE EU TOGETHER WITH INDEPENDENT AUDITORS‟ REPORT Olaine, 2009 AS Olainfarm Consolidated annual report 2008 Address: Rūpnīcu iela 5, Olaine, LV-2114 Unified registration number: 40003007246 2 AS Olainfarm Consolidated annual report 2008 Address: Rūpnīcu iela 5, Olaine, LV-2114 Unified registration number: 40003007246 3 AS Olainfarm Consolidated annual report 2008 Address: Rūpnīcu iela 5, Olaine, LV-2114 Unified registration number: 40003007246 CONTENTS CONTENTS 4 General information 5 Management report 8 Statement of Responsibility of the Management 13 Consolidated income statement 14 Consolidated balance sheet 15 Consolidated cash flow statement 17 Consolidated statement of changes in equity 18 Notes to the consolidated financial statements 19 4 AS Olainfarm Consolidated annual report 2008 Address: Rūpnīcu iela 5, Olaine, LV-2114 Unified registration number: 40003007246 General information Name of the Parent Company Olainfarm Legal status of the Parent Company Joint stock Company Unified registration number, place and 40003007246 date of registration Riga, 10 June 1991 (re-registered on 27 March 1997) Registered office Rūpnīcu iela 5 Olaine, Latvia, LV-2114 Major shareholders SIA Olmafarm (42.56 %) Rūpnīcu iela 5 Olaine, Latvia, LV-2114 Juris Savickis (26.17 %) Board Valērijs Maligins, Chairman of the Board (President) Positions held in other companies: SIA Aroma, Chairman of the Board, SIA Olmafarm, Chairman of the Board, SIA New Classic, Board Member (resigned on 08/08/2008) Participation in other companies: Non-governmental organisation Latvian Academic Library Foundation, Nature Restoration Foundation, SIA Vega MS (60%), SIA Briz (51%), SIA Olfa Press (45%), SIA Carbochem (50%), SIA Aroma (100%), SIA Olmafarm (100%).
    [Show full text]
  • SCT Rop 2014-06-13.Xlsx
    SEPA Credit Transfer Register of Participants Version 13 June 2014 Readiness Scheme Leaving Country Participant Name Address City BIC Date Date AUSTRIA ADRIA BANK AG GONZAGAGASSE 16/ 1. STOCK VIENNA ABAGATWWXXX 03-02-14 ALIZEE BANK AG RENNGASSE 6-8 VIENNA ALBWATWWXXX 13-04-12 LIECHTENSTEINSTRASSE 111- ALLGEMEINE BAUSPARKASSE RGMBH 115 Vienna ABVRATW1XXX 04-06-12 Allgemeine Sparkasse Oberoesterreich Bankaktiengesellschaft Promenade 11-13 Linz ASPKAT2LXXX 28-01-08 ALLIANZ INVESTMENTBANK AG HIETZINGER KAI 101- 105 VIENNA AIAGATWWXXX 01-11-10 ALPENBANK A.G. KAISER JAEGERSTRASSE 9 INNSBRUCK ALPEAT22XXX 08-03-10 Attergauer Raiffeisenbank reg.Gen.m.b.H. Attergaustrasse 38 a St. Georgen im Attergau RZOOAT2L523 28-01-08 AUTOBANK AG UNGARGASSE 64/3/403 VIENNA AUTOATW1XXX 03-02-14 BANCO DO BRASIL AG FRANZ-JOSEFS-KAI 47/3.OG VIENNA BRASATWWXXX 28-01-08 BANK FUER AERZTE UND FREIE BERUFE A.G. 4, KOLINGASSE VIENNA BWFBATW1XXX 28-01-08 BANK FUER TIROL UND VORARLBERG A.G. STADTFORUM INNSBRUCK BTVAAT22XXX 28-01-08 BANK FUER TRIENT UND BOZEN AG 4, WILHELM-GREIL-STRASSE INNSBRUCK RZKTAT2KBTB 28-01-08 Bank fur Arbeit und Wirtschaft und Osterreichische Postsparkasse AG Georg Coch Platz 2 VIENNA OPSKATWWXXX 28-01-08 BANK GUTMANN AG Schwarzenbergplatz 16 VIENNA GUTBATWWXXX 07-07-08 BANK VONTOBEL OESTERREICH AG Rathausplatz 4 SALZBURG VONTAT2SXXX 04-05-09 BANK WINTER UND CO. AKTIENGESELLSCHAFT 10, SINGERSTRASSE VIENNA WISMATWWXXX 28-01-08 bankdirekt.at AG Europaplatz 1a Linz RZOOAT2L796 28-01-08 Bankhaus Carl Spaengler & Co. AG Schwarzstrasse 1 Salzburg SPAEAT2SXXX
    [Show full text]
  • Latvia Country Report BTI 2008
    BTI 2008 | Latvia Country Report Status Index 1-10 8.60 # 13 of 125 Democracy 1-10 8.70 # 15 of 125 Market Economy 1-10 8.50 # 12 of 125 Management Index 1-10 6.92 # 10 of 125 scale: 1 (lowest) to 10 (highest) score rank trend This report is part of the Bertelsmann Transformation Index (BTI) 2008. The BTI is a global ranking of transition processes in which the state of democracy and market economic systems as well as the quality of political management in 125 transformation and developing countries are evaluated. The BTI is a joint project of the Bertelsmann Stiftung and the Center for Applied Policy Research (C•A•P) at Munich University. More on the BTI at http://www.bertelsmann-transformation-index.de/ Please cite as follows: Bertelsmann Stiftung, BTI 2008 — Latvia Country Report. Gütersloh: Bertelsmann Stiftung, 2007. © 2007 Bertelsmann Stiftung, Gütersloh BTI 2008 | Latvia 2 Key Indicators Population mn. 2.3 HDI 0.85 GDP p.c. $ 12,141 Pop. growth1 % p.a. -0.5 HDI rank of 177 45 Gini Index 37.7 Life expectancy years 71 UN Education Index 0.96 Poverty3 % 4.7 Urban population % 67.8 Gender equality2 0.62 Aid per capita $ - Sources: UNDP, Human Development Report 2006 | The World Bank, World Development Indicators 2007 | OECD Development Assistance Committee 2006. Footnotes: (1) Average annual growth rate 1990-2005. (2) Gender Empowerment Measure (GEM). (3) Percentage of population living on less than $2 a day. Executive Summary From the beginning of 2005 to the end of 2006, two important events influenced Latvia’s political and economic transformation: the fifth parliamentary elections since the restoration of independence in 1991 and the organization of the NATO summit in November 2006.
    [Show full text]
  • Inequality and Governance in Latvia
    IN DEFIANCE OF FATE Ethnic Structure, Inequality and Governance of the Public Sector in Latvia Artis Pabriks 2003 Part of UNRISD Project on Ethnic Structure, Inequality and Governance of the Public Sector. All unauthorized citation, duplication or distribution prohibited without the approval of UNRISD and the authors. Introduction This report discuss the issue of ethnic equality and governance in respect to socio- political stability in Latvia from the historic perspective. Latvia, just like the overwhelming majority of modern states is multi-ethnic and multi-cultural country. Latvian history and geography is a relevant factor in order to understand the dynamics of ethnic relations and ethnopolitics. Geopolitically, Latvia is squeezed on the shores of the Baltic between larger powers, Russia, Germany, Poland, and Sweden. Time to time, each of these countries was eager to dominate the region and its population by political, economic, and cultural means thus influencing Latvia’s ethnic composition as well as ethnic relations. During the two World Wars of the 20th century, country was twice turned into extensive war zone. It has experienced several occupations and dominance of totalitarian ideologies. Latvia was ruled by democratic, authoritarian, and totalitarian regimes one after another. It has experienced market economy as well as centralized communist rule. Its population went through economically wealthy periods and faced hunger. People of Latvia have experienced respect and humanity in their mutual relations just like they have been facing terror, humiliation, deportations and death. Most of political analysts would argue that these are not conditions favouring independent and democratic statehood. Indeed, the world, even Europe knows dozens of ethnic groups and nations much larger in size and in economic power which never have experienced their own statehood.
    [Show full text]
  • New Information Technologies Use for Latvian Stock Companies Financial Health Evaluation Sergejs Hilkevics, Galina Hilkevica
    New information technologies use for Latvian stock companies financial health evaluation Sergejs Hilkevics, Galina Hilkevica To cite this version: Sergejs Hilkevics, Galina Hilkevica. New information technologies use for Latvian stock companies financial health evaluation. Entrepreneurship and Sustainability Issues, Entrepreneurship and Sus- tainability Center, 2017, 5 (2), pp.178 - 189. 10.9770/jesi.2017.5.2(1). hal-01703267 HAL Id: hal-01703267 https://hal.archives-ouvertes.fr/hal-01703267 Submitted on 12 Feb 2018 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. The International Journal ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES ISSN 2345-0282 (online) http://jssidoi.org/jesi/ 2017 Volume 5 Number 2 (December) http://doi.org/10.9770/jesi.2017.5.2(1) Publisher http://jssidoi.org/esc/home --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NEW INFORMATION TECHNOLOGIES USE FOR LATVIAN COMPANIES FINANCIAL HEALTH EVALUATION Sergejs Hilkevics 1, Galina Hilkevica 2 1, 2 Ventspils University College, 101a Inzenieru Street, LV-3601, Ventspils, Latvia E-mails: [email protected]; [email protected] Received 20 August 2017; accepted 15 November; published 29 December 2017. Abstract. Financial health of companies in certain region is the foundation on which the prosperity of region is based.
    [Show full text]
  • NON-AUDITED FINANCIAL STATEMENTS for the YEAR ENDED 31 DECEMBER 2008 (12Th Financial Year)
    JOINT STOCK COMPANY OLAINFARM (UNIFIED REGISTRATION NUMBER 40003007246) NON-AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008 (12th financial year) Prepared in accordance with International Financial Reporting Standards (IFRS), as adopted by the European Union (EU) Olaine, 2009 AS Olainfarm Non-audited annual report for 2008 Address: Rupnicu iela 5, Olaine, LV-2114 Unified registration number: 40003007246 CONTENTS General information 3 Report on the Management Board’s responsibility 6 Management report 7 Income statement 14 Balance sheet 15 Cash flow statement 17 Statement of changes in equity 18 Notes to the financial statements 19 2 AS Olainfarm Non-audited annual report for 2008 Address: Rupnicu iela 5, Olaine, LV-2114 Unified registration number: 40003007246 General information Name of the company Olainfarm Legal status of the company Joint stock company Unified registration number, place 40003007246 and date of registration Riga, 10 September 1991 (re-registered on 27 March 1997) Registered office Rūpnīcu iela 5 Olaine, Latvia, LV-2114 Major shareholders SIA Olmafarm (42.56 %) A. Čaka iela 87 Riga, Latvia, LV-1011 Juris Savickis (24.96 %) Board Valērijs Maligins, Chairman of the Board (President) Positions held in other companies: SIA Aroma – Chairman of the Board, SIA Olmafarm – Chairman of the Board. SIA „New Classic” Board Member (resigned on 08/08/2008.) Participation in other companies: Latvian Academic Library Foundation (SO Latvijas Akadēmiskās bibliotēkas Atbalsta fonds), Nature Restoration Foundation, SIA
    [Show full text]
  • Capital Link Invest in Greece Forum "Investing for Growth" Monday, December 1, 2014 - New York City
    16thAnnual Capital Link Invest in Greece Forum "Investing for Growth" Monday, December 1, 2014 - New York City TEN LTD In Cooperation with Lead Sponsors TSAKOS ENERGY NAVIGATION LTD Unlocking the World’s Potential NYSE connects and operates the world’s most important capital markets, empowering global business to seize opportunities that unlock potential throughout the world. By leveraging the power of man and machine, NYSE is constantly innovating new products, powering new trading platforms and engaging its business network to create the most active connections between companies, capital and ideas. We help unlock the potential of public companies by providing them access to the capital and opportunities they need to transform their business. Contact: Stefan Jekel Managing Director, EMEA, Global Corporate Client Group, NYSE T +1 212 656 5773 | [email protected] Page 1 The NYSE - a proud partner of the Greek community Reflecting the NYSE’s strong commitment to Greece, to Greek entrepreneurs, to the Greek maritime community and the Greek-American diaspora, we have held ten consecutive annual Greek Forums since 2005 in cooperation with Capital Link December 16, 2013 November 30, 2012 December 8, 2011 December 3, 2010 December 4, 2009 October 31, 2008 November 8, 2007 November 16, 2006 November 11, 2005 Page 2 The PRIME MINISTER OF GREECE MR. ANTONIS SAMARAS WILL ADDRESS THE DELEGATES OF THE 16th ANNUAL CAPITAL LINK INVEST IN GREECE FORUM THROUGH A WEBCAST MESSAGE DELIVERING ENVIRONMENTAL SAFETY TO THE WORLD’S INDUSTRIAL & PUBLIC INFRASTRUCTURE One Source for Asset Protection Solutions MISTRAS Group’s asset protection solutions enhance the ability of critical infrastructure to comply with safety and environmental regulations, extend their life, increase productivity, minimize repair costs, manage risk and most importantly, avoid a catastrophic disaster.
    [Show full text]