DOCSLIB.ORG

Annual Report and Accounts 2020 We Are One of Europe’S Largest and Fastest Growing Lottery Companies

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report and Accounts 2020 We Are One of Europe’S Largest and Fastest Growing Lottery Companies Annual Report and Accounts 2020 We are one of Europe’s largest and fastest growing lottery companies 2020 Highlights Amounts staked Gross gaming revenue (“GGR”) €6.8bn €2.0bn GGR growth Adjusted EBITDA 6% €538m Adjusted EBITDA margin % GGR from lotteries 44% 60% Online GGR (Czech Republic) Number of countries (lottery operations) 32% 5 Contents Strategic Report Introduction and contents 1 Our business at a glance 2 Business and strategic review 8 Business model 12 Financial review 14 Responsible gaming 34 Social responsibility 35 Risk factors 38 Governance Board of Directors 44 Senior management 45 Forward-looking statements 46 Financial Statements Consolidated Financial Statements 48 Notes to the consolidated financial statements 54 Separate Financial Statements 146 Notes to the separate financial statements 150 Independent Auditor’s report 183 Further regulatory disclosures 194 Sazka Group Annual Report and Accounts 2020 1 Strategic Report Our business at a glance Our platform SAZKA Group (the “Group”) is one of Europe’s largest and fastest growing lottery companies. Our businesses operate lotteries in most of the European countries where lotteries are privately operated, including Austria, the Czech Republic, Greece and Cyprus and in Italy. We focus on the lottery segment, including numerical lotteries (draw‑based games) and instant lotteries (scratch cards), and also provide complementary products, including sports betting and digital‑only games. We sell our products through both extensive retail networks and digital platforms. Our platform allows us to share best practice and experience and realise synergies across the group, driving organic and inorganic growth by sharing best practice and experience, including: Product innovations Marketing perspectives Online and digital Technology strategy capabilities and implementation Scale with suppliers Regulatory and responsible gaming learnings Reinvestment of cashlows Growth via M&A and tenders 2 Sazka Group Annual Report and Accounts 2020 Strategic Report 2–43 Governance 44–46 Financial Statements 47–224 Our business at a glance Our operations We benefit from iconic and long‑established brands, unrivalled POS networks and vast experience of operations. Our businesses have long‑term and often exclusive licences and concessions, allowing us leading and often exclusive positions in our markets. Austria In Austria, we are the exclusive operators of lotteries, land-based casinos and onshore online gaming. Czech Republic In the Czech Republic, we are the market leader for both numerical lotteries and instant lotteries. Greece and Cyprus In Greece, we have exclusive licences to operate lotteries, land-based sports betting and video lottery terminals (“VLTs”) and we own the leading online gaming business. We also have a licence to operate lotteries in Cyprus. Italy In Italy, we have an interest in LOTTOITALIA, a joint venture which is the exclusive operator of fixed odds numerical lotteries. Sazka Group Annual Report and Accounts 2020 3 Strategic Report Our business at a glance Where we currently operate Austria Czech Republic #1 Lottery and casino #1 Lottery operator operator in Austria in the Czech Republic Exclusive lottery licence and 94% market share in numerical operator of casinos lotteries Exclusive online gaming licence Other gaming operations include online sports betting Other gaming operations and digital-only games include sports betting and VLT 10,500 POS 5,100 POS Brands Brands Vienna Prague Austria Czech Republic Greece and Cyprus Italy #1 Lottery operator 32.5% stake in Greece and Cyprus #1 Numerical lottery Exclusive lottery, land-based operator in Italy sports betting and VLT licences Exclusive licence for fixed odd Acquired the leading online numerical lotteries gaming operator in 2020 33,600 POS 13,000 POS Brands Brands Athens Rome Greece Italy 4 Sazka Group Annual Report and Accounts 2020 Strategic Report 2–43 Governance 44–46 Financial Statements 47–224 Our business at a glance Our history 2011–2012 2015 2017–2018 2019 Acquisition of Acquisition of Acquisition of KKCG and Emma Capital 100% 11.3% additional stakes agree on the split of the of SAZKA a.s. stake in CASAG in CASAG, bringing assets in SAZKA Group, total economic and KKCG becomes the interest to sole owner of SAZKA 38.3% Group Acquisition of additional 7.3% stake in OPAP via a voluntary tender offer 2013 2016 2020 Acquisition of Acquisition of Acquisition of 33% 11.6% 17.2% stake in stake in stake in CASAG, OPAP through Austrian bringing total privatisation Lotteries economic interest to 55.5% Acquisition of 32.5% OPAP’s stake in stake in Stoiximan Group’s LOTTOITALIA Greek and Cypriot business increased to 84.5% Acquisition of additional 4.11% economic interest in OPAP Sazka Group Annual Report and Accounts 2020 5 Strategic Report Our business at a glance Our strategy We continue to implement our strategy to solidify our position as Growth in digital business, Product innovation Inorganic growth Constant focus on Be a good corporate the leading lottery focused gaming focus on data operational efficiency citizen operator in Europe, leveraging on our unique platform to capture opportunities in our existing markets and markets adjacent to them. Our existing operations are highly cashflow generative. We seek to invest this cash to create value through organic growth and accretive complementary acquisitions and participation in tenders. We aim to continue to increase our In each of our existing markets we Our M&A strategy is based on a We are highly focused on cashflow Responsible gaming is a key principle regulated mobile and online gaming constantly evaluate opportunities to rigorous set of return criteria and generation and see operational of our business. We believe that we presence as consumers shift towards introduce new products and optimize analysis of risks. We focus on regulated, efficiency as an important driver of are already leaders in responsible online or multi-channel gaming, and our current offerings. We aim to offer developed markets, lottery and cash flow. gaming and make significant government policy and legislation our consumers a full range of best in complementary products. contributions to the countries where We have a strong track record of increasingly favour onshore operators class products and a unique we operate, and we believe that this We evaluate opportunities to expand increasing profitability at businesses in the online channel. entertainment experience. will become increasingly crucial to our stakes in our existing businesses which we have acquired and costs their success. Our digital initiatives benefit from our We seek to develop and launch on an ongoing basis. In a number of are always a key focus at existing operations. trusted brands, our existing customer innovative new lottery games such cases we have increased our stakes All of our operations implement In addition to leveraging best practice relationships with a large proportion as daily numerical games, annuity in businesses through a series of responsible gaming principles including: from across the Group to grow of the population, our rapidly growing games and multinational pooled transactions, allowing us to acquire (i) creating a safe environment for revenues, we target purchasing, first-party data and analytics, and jackpot games, penetrating new controlling stakes at attractive valuations players; (ii) protecting minors and marketing and cost synergies across extensive traffic to our apps and customer segments and increasing and at a lower risk. other vulnerable groups; and (iii) the Group, for example in technology websites from players who purchase sales to our existing customers. educating the general public about We also analyse opportunities to and content.We also monitor their tickets through land-based channels. problem gambling. Alongside lottery products, we make selective bolt-on acquisitions opportunities to optimise personnel We leverage these advantages to continue to launch complementary in adjacent areas which allow us to costs, particularly in land-based We play an active role in the communities target our marketing activities and products, including digital-only games. expand our product range or strengthen businesses. For example, in 2020 we of the markets in which we operate, to cross-sell to other online gaming our position in complementary areas. introduced a restructuring programme contributing to good causes such as Our trusted brands, extensive app verticals. We continue to invest to at CASAG which is expected to deliver medical care, sports and culture, as and website traffic and unparalleled We have acquired several of our boost our CRM and leverage cost savings of c.€45 million a year well as to government revenues. physical distribution networks, customer current businesses through complex customer data. from 2022. We focus our marketing relationships with a large portion of M&A processes, leveraging our industry expenditure by leveraging first-party A substantial and rapidly growing the population and extensive data knowledge, our access to internally data to generate the highest portion of sales are already online in are a significant competitive advantage generated and external capital and incremental revenues. the Czech Republic and Austria and for cross-selling these products to our M&A expertise. These acquisitions in certain products in Greece. We are our existing customers. include the acquisition of SAZKA a.s. focused on expanding online sales in when it was in
Load more

Recommended publications
  • Contract Number: 4400016179
    Page 1 of 2 FULLY EXECUTED Contract Number: 4400016179 Original Contract Effective Date: 12/13/2016 Valid From: 01/01/2017 To: 12/31/2018 All using Agencies of the Commonwealth, Participating Political Subdivision, Authorities, Private Colleges and Universities Purchasing Agent Name: Millovich Joseph Your SAP Vendor Number with us: 102380 Phone: 717-214-3434 Fax: 717-783-6241 Supplier Name/Address: IBM CORPORATION P.O. Box 643600 PITTSBURGH PA 15264-3600 US Please Deliver To: To be determined at the time of the Purchase Order unless specified below. Supplier Phone Number: 7175477069 Contract Name: Payment Terms IBM Software & Related Services NET 30 Solicitation No.: Issuance Date: Supplier Bid or Proposal No. (if applicable): Solicitation Submission Date: This contract is comprised of: The above referenced Solicitation, the Supplier's Bid or Proposal, and any documents attached to this Contract or incorporated by reference. Item Material/Service Qty UOM Price Per Total Desc Unit 2 Licenses/Appliances/Subscriptions/SaaS 0.000 0.00 1 0.00 Item Text Software: includes, but is not limited to, commercially available licensed software, software appliances, software subscriptions and software as a service (SaaS). Agencies must develop and attach the Requirements for Non-Commonwealth Hosted Applications/Services when purchasing SaaS (see Appendix H). -------------------------------------------------------------------------------------------------------------------------------------------------------- 3 Services/Support/Maintenance 0.000 0.00
    [Show full text]
  • Smart Networks and Services Version 30 June 2020
    Draft proposal for a European Partnership under Horizon Europe Smart Networks and Services Version 30 June 2020 Summary The European communication networking and services sector is proposing the Smart Networks and Services Partnership to secure European leadership in the development and deployment of next generation network technologies and services, while accelerating European industry digitization. It will position Europe as a lead market and positively impact the citizens’ quality of life, while boosting the European data economy and contributing to ensure European sovereignty in critical supply chains. This document is supported by ACKNOWLEDGEMENTS 5G-IA and the Networld2020 European Technology Platform launched a Smart Networks and Services Task Force to prepare this Partnership proposal in Horizon Europe. AIOTI joined the Task Force. Additional contributors are from Cispe.cloud and the NESSI European Technology Platform. All these organizations appreciate the work of the Task Force and approved this report. DISCLAIMER AND COPYRIGHT STATEMENT This document contains material which is prepared by 5G-IA, the Networld2020 European Technology Platform, AIOTI, Cispe.cloud and the NESSI European Technology Platform and is based on referenced material and documents from public institutions and industry associations. 1 About this draft In autumn 2019 the Commission services asked potential partners to further elaborate proposals for the candidate European Partnerships identified during the strategic planning of Horizon Europe. These proposals have been developed by potential partners based on common guidance and template, taking into account the initial concepts developed by the Commission and feedback received from Member States during early consultation1. The Commission Services have guided revisions during drafting to facilitate alignment with the overall EU political ambition and compliance with the criteria for Partnerships.
    [Show full text]
  • Digitally Empowered Generation Equality EUROPE Women, Girls and ICT in the Context of COVID-19 in Selected Western Balkan and Eastern Partnership Countries
    ITUPublications International Telecommunication Union Europe 2021 Digitally empowered Generation Equality EUROPE Women, girls and ICT in the context of COVID-19 in selected Western Balkan and Eastern Partnership countries In partnership with: Digitally empowered Generation Equality Generation Digitally empowered Digitally empowered Generation Equality: Women, girls and ICT in the context of COVID-19 in selected Western Balkan and Eastern Partnership countries DISCLAIMER The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of ITU concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Dotted and dashed lines on maps represent approximate border lines for which there may not yet be full agreement. The mention of specific companies or of certain manufacturers’ products does not imply that they are endorsed or recommended by ITU in preference to others of a similar nature that are not mentioned. Errors and omissions excepted, the names of proprietary products are distinguished by initial capital letters. All reasonable precautions have been taken by ITU to verify the information contained in this publication. However, the published material is being distributed without warranty of any kind, either expressed or implied. The responsibility for the interpretation and use of the material lies with the reader. The opinions, findings and conclusions expressed in this publication do not necessarily reflect the views of ITU or its membership. Please consider the environment before printing this report. © ITU 2021 Some rights reserved. This work is licensed to the public through a Creative Commons Attribution-Non- Commercial-Share Alike 3.0 IGO license (CC BY-NC-SA 3.0 IGO).
    [Show full text]
  • Tracker Master 9.25.18 TM
    IT Services & BPO Implied Implied Implied Announce Target Target Description Buyer Enterprise EV/ EV/ Transaction Comments Date Value ($M) Revenue EBITDA Calligo (UK) Ltd acquired Network Integrity Services Ltd for an undisclosed amount. The acquisition Network Integrity {match score: 00} Network Integrity Services provides an array of services, including IT consulting, web would allow Calligo (UK) Ltd to expand its local presence throughout the United Kingdom. Network 12/3/2020 Calligo (UK) Ltd. NA NA NA Services Ltd. design, and systems integration. Integrity Services Ltd is located in Salford, Greater Manchester, United Kingdom and provides information technology services. It has around 160 employees. {match score: 00} BigBear, Inc. provides cost effective and cutting edge information technology NuWave Solutions LLC acquired Big Open Inc, trading as BigBear Inc for an undisclosed amount. The NuWave 12/3/2020 BigBear, Inc. solutions. It offers software design, engineering, and platform development services to its customers. NA NA NA transaction would enhance NuWave Solutions LLC’s existing capabilities. Founded in 2008, Big Open Solutions LLC The company was founded in 2008 and is headquartered in San Diego, CA. Inc is located in San Diego, California, United States and provides software services. {match score: 00} In 2002, four friends saw the need for true customer service in the Ottawa IT and computer industry, so they took action. Mathew Lafrance, Christian Ste-Marie, Allan Ghosn and Mathieu Bouchard joined forces to bring their idea to life and excellent IT services to market. There Convergence Networks acquired Grade A for an undisclosed amount. The acquisition is in line with the was no shortage of companies selling hardware and software, but after-sales IT support was (and still Convergence growth strategy of both the companies and enhances their service offerings.
    [Show full text]
  • Insight MFR By
    Manufacturers, Publishers and Suppliers by Product Category 7/18/2019 10/100 Hubs & Switch COMPREHENSIVE CABLE IOGEAR TECHNOLOGY QUANTUM VCE COMPANY LLC 3COM COMTROL IXIA QVS INC. VERBATIM 4XEM CORP. CONNECTPRO JUNIPER NETWORKS RADWARE VERTIV ACCELL CP TECHNOLOGIES KANEX RAM MOUNTS VISIONTEK ADTRAN CRESTRON ELECTRONICS KANGURU RAPID TECHNOLOGIES LLC. VIVOTEK ADVANTECH CO LTD CYBERDATA SYSTEMS KENSINGTON RARITAN VMWARE AEROHIVE NETWORKS CYBERPOWER SYSTEMS KRAMER ELECTRONICS, LTD. RED LION CONTROLS WASP BARCODE ALCATEL LUCENT DATTO, INC. LANTRONIX RIVERBED TECHNOLOGIES WIFI‐TEXAS.COM INC ALLIED TELESIS DELL LENOVO ROSE ELECTRONIC W‐LINX TECHNOLOGY ALTRONIX DELL EMC LG ELECTRONICS ROSEWILL XIRRUS (SEE NOTES) ALURATEK, INC. DIGI INTERNATIONAL LINKSYS RUCKUS WIRELESS ZYXEL AMER NETWORKS DIGIUM MANHATTAN WIRE PRODUCTS SABRENT Adapter IDE/ATA/SATA AMX D‐LINK SYSTEMS MCAFEE SANHO ADAPTEC ANKER EATON MELLANOX SAVVIUS INC ADDONICS TECHNOLOGY INC. APC EDGECORE MICRON CONSUMER PRODUCTS GROUP SDA ALERATECH ARISTA NETWORKS EDGEWATER NETWORKS INC MICROSEMI CORP SENNHEISER ALURATEK, INC. ARRIS GROUP INC ENGENIUS MILESTONE SYSTEMS INC SHARP APRICORN ASUS ENTERASYS NETWORKS MITEL SHORETEL ARECA US ATEN TECHNOLOGY ETHERWAN MONOPRICE SIGNAMAX ATTO TECHNOLOGY ATLONA EVGA.COM MOTOROLA ISG SIIG AVAGOTECH TECHNOLOGIES AUDIOCODES, INC. EXABLAZE MOXA TECHNOLOGIES, INC. SISOFTWARE AXIOM MEMORY AUTOMATION INTEGRATED LLC EXACQ TECHNOLOGIES INC NETAPP SMARTAVI INC BYTECC AVAYA EXTREME NETWORKS NETEON TECHNOLOGIES INC. SMC NETWORKS CABLES TO GO AXIS COMMUNICATIONS EXTRON NETGEAR, INC. STAMPEDE TECHNOLOGIES INC CHENBRO B & B ELECTRONICS FORTINET NETRIA STARTECH.COM CISCO SYSTEMS BELKIN COMPONENTS FUJITSU SCANNERS NETSCOUT SYSTEMS, INC SUPERMICRO COMPUTER CORSAIR MEMORY BLACK BOX FUJITSU SERVER STORAGE NOVATEL WIRELESS SYBA TECH LTD CRU ‐ CONNECTOR RESOURCES BLACKMAGIC DESIGN USA GARRETTCOM OMNITRON TARGUS DELL BLONDER TONGUE LABORATORIES GEAR HEAD ORACLE TEK‐REPUBLIC DELL EMC BOSCH SECURITY GEFEN OVERLAND STORAGE TELEADAPT, INC.
    [Show full text]
  • Seavus AB Ranked Among Top 501 Global Managed Service Providers by Channel Futures
    MSP501 winners 2018-07-03 11:18 CEST Seavus AB Ranked Among Top 501 Global Managed Service Providers by Channel Futures DATE July 3rd, 2018: Seavus AB ranks among the world’s 501 most strategic and innovative managed service providers (MSPs), according to Channel Futures 11th-annual MSP 501 Worldwide Company Rankings. The MSP 501 is the first, largest and most comprehensive ranking of managed service providers worldwide. This year Channel Futures received a record number of submissions. Applications poured in from Europe, Asia, South America and beyond. As it has for the last three years, Channel Futures teamed with Clarity Channel Advisors to evaluate these progressive and forward-leaning companies. MSPs were ranked according to our unique methodology, which recognizes that not all revenue streams are created equal. We weighted revenue figures according to how well the applicant's business strategy anticipates trends in the fast-evolving channel ecosystem. "The MSP 501 TOP 100 WINNERS reward is a big honor for Seavus Managed Service Provider, as it recognizes all the hard work and commitment that our engineers have given the year’s behind." said Ruzhica Kalkashliev, Managed Services Division Manager, Seavus. "We couldn’t be prouder of what we have achieved today, taking in consideration all the services we provide to our Customers so far." Channel Futures is pleased to honor Seavus AB. For the first time, Channel Futures will also name 10 special award winners, including MSP of the Year, CEO of the Year and one Lifetime Achievement Award for a career of excellence in the channel. The MSP501winners and award recipients will be recognized at a special ceremony at Channel Partners Evolution, held this year October 9-12 in Philadelphia, as well as in the Fall issue of Channel Partners Magazine.
    [Show full text]
  • Contract Number: 4400016179
    Page 1 of 2 FULLY EXECUTED Contract Number: 4400016179 Original Contract Effective Date: 12/13/2016 Valid From: 01/01/2017 To: 12/31/2021 All using Agencies of the Commonwealth, Participating Political Subdivision, Authorities, Private Colleges and Universities Purchasing Agent Name: Hosler Raeden Your SAP Vendor Number with us: 102380 Phone: 717-787-4103 Fax: Supplier Name/Address: IBM CORPORATION P.O. Box 643600 PITTSBURGH PA 15264-3600 US Please Deliver To: To be determined at the time of the Purchase Order unless specified below. Supplier Phone Number: 4433158492 Contract Name: Payment Terms IBM Software & Related Services NET 30 Solicitation No.: Issuance Date: Supplier Bid or Proposal No. (if applicable): Solicitation Submission Date: This contract is comprised of: The above referenced Solicitation, the Supplier's Bid or Proposal, and any documents attached to this Contract or incorporated by reference. Item Material/Service Qty UOM Price Per Total Desc Unit 2 Licenses/Appliances/Subscriptions/SaaS 0.000 0.00 1 0.00 Item Text Software: includes, but is not limited to, commercially available licensed software, software appliances, software subscriptions and software as a service (SaaS). Agencies must develop and attach the Requirements for Non-Commonwealth Hosted Applications/Services when purchasing SaaS (see Appendix H). -------------------------------------------------------------------------------------------------------------------------------------------------------- 3 Services/Support/Maintenance 0.000 0.00 1 0.00 Information:
    [Show full text]
  • Entrepreneurship Ecosystem in North Macedonia
    ENTREPRENEURSHIP ECOSYSTEM IN NORTH MACEDONIA MARKET ASSESSMENT ENTREPRENEURSHIP ECOSYSTEM IN NORTH MACEDONIA MARKET ASSESSMENT ENTREPRENEURSHIP ECOSYSTEM IN NORTH MACEDONIA MARKET ASSESSMENT Author: Makedonka Dimitrova SKOPJE, 2020 This publication was developed within the framework of the project Strengthening Social Dialogue, funded by the European Union and implemented by the International Labour Organization. This publication was produced with the financial support of the European Union. Its contents are the sole responsibility of the author and do not necessarily reflect the views of the European Union and the International Labour Organization. ENTREPRENEURSHIP ECOSYSTEM IN NORTH MACEDONIA MARKET ASSESSMENT Contents List of Abbreviations ............................................................................................................. 4 1. REPORT OUTLINE AND METHODOLOGY ........................................................................ 5 2. OVERALL ECONOMIC ENVIRONMENT ........................................................................... 7 2.1 Policies for MSME Development ................................................................................ 8 2.2 Entrepreneurial Ecosystem .....................................................................................11 2.3 BSPs Target Market ...................................................................................................15 2.4 Donor Support to Entrepreneurship and Business Services ..................................17 3.ENTREPRENEURIAL SERVICES
    [Show full text]
  • Former Yugoslav Republic of Macedonia
    WESTERN BALKANS REGIONAL R&D STRATEGY FOR INNOVATION COUNTRY PAPER SERIES FORMER YUGOSLAV REPUBLIC OF MACEDONIA WORLD BANK TECHNICAL ASSISTANCE PROJECT (P123211) OCTOBER 2013 Country Paper Series: FYR Macedonia ACRONYMS ADA Austrian Development Agency AI Activity Index APERM Agency for Promotion of Entrepreneurship of the Republic of Macedonia ARWU Academic Ranking of World Universities BAS Business Advisory Services BERD Business Expenditure on R&D BSCB Business Start-up Center Bitola CERN European Organization for Nuclear Research CIP Competitiveness and Innovation Program CIS Community Innovation Survey COST European Cooperation in Science and Technology EC European Commission EEN European Enterprise Network ELSR Equipping Laboratories for Scientific Research and Applicative Activities ERA European Research Area ESA Enterprise Support Agency EU European Union FDI Foreign Direct Investment FP6 Framework Program 6 FP7 Framework Program 7 FTE Full-time Equivalents FYRM Former Yugoslav Republic of Macedonia GBAORD Government Budget Appropriation or Outlays on Research and Development GDP Gross Domestic Product GEM Global Entrepreneurship Monitor GOVERD Government Expenditure on R&D GTZ Gesellschaft Technische Zusammenarbeit – German Society Technical Corporation HERD Higher Education R&D ICT Information and Communication Technology IIP International Intellectual Property IP Intellectual Property IPA Instrument for Pre-Accession Assistance IPARD IPA Rural Development Program IPR Intellectual Property Rights IRC Innovation Relay Center ISO
    [Show full text]
  • Networldeurope Member Organisations Organisation Country
    NetworldEurope Member organisations Organisation Country Stakeholder Group 3logic MK srl Italy SME 4GCelleX Israel SME 5GW News United States COOP Aalborg University Denmark Research Domain Aalto University Finland Research Domain Abeeway France SME Abo Akademi University Finland Research Domain Accelleran Belgium SME A-CING Spain Industry ACORDE Technologies S.A. Spain SME Acreo Swedish ICT AB Sweden Research Domain ACTA Ltd Greece SME ADVA AG Optical Networking Germany Industry ADVANTIC SISTEMAS Y SERVICIOS S.L. Spain SME Aetheric Engineering Ltd United Kingdom Industry AFUSOFT Kommunikationstechnik GmbH Germany Industry Agence Wallonne des Telecommunications Belgium COOP AGH University of Science and Technology, Department of Telecommunications Poland Research Domain AICO EDV-Beratung GmbH Austria SME AIJU - Asociación de la Industria del Juguete Spain Research Domain Airbus Defence and Space (former ASTRIUM) France Industry AITIA International, Inc. Hungary SME Albatronics Israel SME Alcatel-Lucent Germany Industry ALETI Argentina COOP Almouroltec, Lda Portugal SME Alpineon d.o.o. Slovenia SME ALTRANPORTUGAL, S.A. Portugal Industry AMBEENT WiRELESS Turkey SME Amber Flux Pvt Ltd India COOP AMETIC Spain COOP Amledo & Co Sweden SME Amphinicy Technologies Croatia SME AMVG Turkey SME Ansur Technologies Norway SME Antares S.c.ar.l. Italy SME ANTY Foundation Belgium COOP Antycip Simulation United Kingdom SME ANYBOX PTE. LTD Singapore COOP AnySolution S.L. Spain SME APFUTURA Spain SME AppArt Greece SME Applied RESearch to Technologies s.r.l. (ARES2T) Italy SME APTECH Turkey Industry Aradiom Turkey SME Aragon Technological Institute (ITA) Spain Research Domain Aratos Technologies Greece SME Arcelik A.S. Turkey Industry Arctos Labs Scandinavia AB Sweden SME ARDIC APPLIED RESEARCH DEVELOPMENT INNOVATION CENTER Turkey SME Ariadna Servicios Informáticos S.L.
    [Show full text]
  • Serbia Smart Solution
    SERBIA SMART SOLUTION EMBEDDED WORLD 2015 24-26 February Nürnberg, Germany Hall 2 Stand 2-524 ABOUT SERBIA 3 ADVANTAGES OF INVESTING IN SERBIA 4 IT SECTOR 5 BITGEAR 6 MIKROELEKTRONIKA 7 NOVATRONIC 8 SEAVUS 9 CHAMBER OF COMMERCE AND INDUSTRY OF SERBIA 10 SERBIA INVESTMENT AND EXPORT PROMOTION AGENCY − SIEPA 11 USEFUL ADRESSES 12 „Owing to its position on the geographic GENERAL DATA ABOUT SERBIA borderline between the East and West, Location: Serbia is often referred to as a gateway Southeastern Europe, central part of the Western Balkans of Europe and a perfect place for a company to locate its operations if it Geographic coordinates: 44 00 N and 21 00 E wants to closely and most efficiently serve its EU, SEE or Middle Eastern Territory: 88,361 square kilometers customers. The ease of travelling from Belgrade to almost every destination Population: in the world, either directly or with 7.2 million (the data for AP Kosovo and Metohia excluded)* a layover is provided by many major Borders with: international airlines“ Hungary, Romania, Bulgaria, Macedonia, Albania, Montenegro, Bosnia and Herzegovina and Croatia Capital city: Belgrade, circa 1.6 million inhabitants State organization: Parliamentary Republic Official language: Serbian National currency: RSD – dinar Time zone: GMT+1 2 *Source: Statistical Office of the Republic of Serbia 3 ADVANTAGES OF INVESTING IN SERBIA IT SECTOR • Favorable geographic position, owing to which any shipment can reach any location in Europe within 24 hours Serbia’s ICT sector has partnered with the leading technological companies across the world in order to • Highly educated and competitive labor force provide first class solutions to domestic and international clients.
    [Show full text]
  • PRIVATE SECTOR DEVELOPMENT Project Insights Assessment of the National Innovation System of the Former Yugoslav Republic of Mace
    PRIVATE SECTOR DEVELOPMENT Project Insights Key contact: Key contact: Assessment of the National Mr Alan Paic Mr Alan Paic Innovation System of the Former Head of Programme Head of Programme OECD Investment Compact for OECD Investment Compact for Yugoslav Republic of Macedonia South East Europe South East Europe [email protected] [email protected] Report in support of the formulation of a National Innovation Strategy www.investmentcompact.org www.investmentcompact.org www.investmentcompact.org This project is funded by the European Union RCI Covers [3].indd 4 RCI Covers [3].indd 4 23/05/2013 19:40 23/05/2013 19:40 Assessment of the National Innovation System of the Former Yugoslav Republic of Macedonia Report in support of the formulation of a National Innovation Strategy December 2013 This document has been produced with the financial assistance of the European Union. The views expressed herein can in no way be taken to reflect the official opinion of the European Union. The information included in this report, and in particular the denomination of territories used in this document, do not imply any judgement on the part of the OECD on the legal status of territories mentioned in this publication. FOREWORD Between 2000 and 2008, the Western Balkan economies experienced rapid growth, modest inflation, and increased macro-economic stability. The onset of the global economic crisis, however, saw a sharp drop in external trade and industrial production across the region. The crisis underscored the fact that buoyant growth prior to 2008 relied, to a large extent, on external financial flows – particularly FDI flows and international capital transfers that offset large and unsustainable trade and current account deficits.
    [Show full text]