Camelia I.

EnCor Navigator for Q3 2024 - our asset allocation The performance of several asset classes has been stellar in 2024. In the last few weeks, there have been tremors of volatility in the markets. While these provided us with the opportunity to adjust client portfolio allocations for Q3 2024 at attractive prices, they also raised questions about how portfolios should be set up to balance the risks approaching while allowing for exposure to rising global markets. Check out our Q3 EnCor Navigator blog to find out. The link is below.

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Empowering Growth and Innovation: 6ix Capital's Year in Review At 6ix Capital, we are driven by our commitment to innovation, growth, and our community. As Chavdar Trendafilov reflects on the past year, we are proud of the strides we have made, adapting and excelling even amidst challenging market conditions. Read the full Капитал article in Bulgarian to learn more about our journey. https://lnkd.in/eUGtA-4R 🌐 Strategic Expansion and Diverse Portfolio 2023 marked a significant milestone with the opening of our new office in the United Kingdom. This expansion was driven by our dedication to meet client demands and reflects our growing presence in Europe. Our diverse portfolio, which includes Cloud Office, 1Crew, SavvyTribe, and SparkLab™️, continues to thrive, underpinning our vision of delivering top-tier technology solutions across multiple sectors. 🌟 Innovation at the Core Innovation is at the heart of what we do. From cloud computing and AI to specialized IT consulting and community-focused projects like SparkLab, we are always pushing the boundaries of what is possible. Our partnerships with major technology leaders like Google enhance our capabilities and enable us to provide cutting-edge solutions to our clients. 🤝 Building Strong Communities Our success is not measured solely by our achievements but also by the strength of our relationships. We cherish the trust and support from our community, and our robust referral system stands as a testament to the enduring bonds we have built. Our initiatives are not just about business growth but also about giving back to the community that supports us. 🔍 Looking Ahead As we look to the future, we are excited about the new partnerships and projects that lie ahead. These initiatives will help us tackle more complex challenges and extend our impact even further within the tech ecosystem. 💡 A Message to Aspiring Entrepreneurs To all the budding entrepreneurs, remember, adaptability, and resilience are key. Embrace challenges as opportunities to learn and grow. At 6ix Capital, we believe in nurturing a culture of innovation and continuous improvement. Join us as we continue to drive technological advancement and create solutions that not only meet the current demands but shape the future. #TechnologyLeadership #Innovation #CloudTechnology #Entrepreneurship #6ixCapital #FutureOfWork

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CFA Society Romania is hosting this year's CEE Investment Conference on 9 May 2024 in Bucharest. This marks the 10th anniversary of the conference and the main focus will be on the evolution and development of capital markets in the CEE region during the past 10 years and future prospects. Registration is free of charge for all participants who wish to travel to Bucharest for this regional event that will include a keynote opening speech from CFA Institute's President & CEO, Margaret Franklin, CFA and panelists from regulators and industry experts from across the CEE region. For more details and to register, visit the conference website: https://lnkd.in/d4MEBYR4 #investmentconference #CEE #capitalmarkets

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During the Astana Finance Days panel session “Tokenising the Future: The Evolution of Fund Structures” we discussed the intention of representatives of SkyBridge Invest, Lazard Asset Management and Bitfinex Securities in the AIFC to set up a fund of funds involving all these companies. “It's just our joint intention to set up a fund of funds here today, in cooperation with such prominent player such as Lazard. And in this project, we heavily rely on the platform of Bitfinex Securities in terms of their capability of tokenisation. And the whole idea started a little more than one year ago. We started our discussion and finally, after a number of calls and meetings, this simple idea of distribution of funds of Lazard with many different broad spectrum of funds into Kazakhstan initiated, and they were ready to share their strong expertise in asset management. The idea suddenly evolved into setting up a fully-fledged fund of funds here in the AIFC under AFSA's support and supervision. What I would like to say, fund of funds is a unique vehicle and it's an opportunity to combine and aggregate multiple strategies, multiple asset classes within one portfolio. I would like to tell that after setting up a fund here, we will tokenise its units on Bitfinex platform. And this will give us an opportunity to bolster asset under management by getting an access to local crypto-digital asset investors," said Zamira Sundetova, Member of the Management Board of SkyBridge Invest - Director of the SkyBridge Invest Branch in the AIFC.

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🌟 Credit Rating Update 🌟 On October 30, 2024, NRA Rurik confirmed the long-term credit rating of JSC AB "RADABANK" at the uaAAA level of the investment category with a "developing" outlook. This rating reflects RADABANK’s strong creditworthiness compared to peers in the Ukrainian market, based on the National Rating Scale. Factors contributing to the rating include high liquidity, a well-diversified client credit portfolio, and robust financial performance. The Bank’s net profit for the first nine months of 2024 was UAH 162 million, with efficiency indicators exceeding sector averages. While the Bank benefits from a transparent and open financial reporting approach, external risks tied to Ukraine’s geopolitical and economic environment remain a challenge. For more details, visit NRA "Rurik's" website: https://lnkd.in/gcY5rN6F

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📰 Interview of the Month: Insightful discussion with Michala Janatová, CFA, Independent Investment Consultant. Michala has devoted almost her entire professional life to investments. Within the ČSOB Group, she went through all stages of the investment process and also obtained the CFA designation. In 2018, she started working as a freelance investment consultant. Explore Michala's expert perspectives on current investment trends, strategies and her journey in the financial sector. 🌟 Read the full interview here ⬇️

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PAVLO KOSTYUK: ATTRACTING BANK FUNDS WILL HELP UKRAINE RECOVER FASTER FROM SHELLING   Recently, 17 leading Ukrainian banks have signed a memorandum on bank lending for energy infrastructure restoration projects. The list of signatories includes such large financial institutions as PrivatBank, Oschadbank, Ukreximbank, FUIB, and Raiffeisen bank.   The signatory banks pledged to make efforts to organize affordable lending for entrepreneurs implementing projects aimed at increasing the country’s energy independence.   The projects to be financed include solar, wind, biogas, biomass, gas turbine, and gas reciprocating power plants, industrial batteries, highly maneuverable, storage, cogeneration, and more.   Commenting on the news, Pavlo Kostyuk, founder of the Ukrainian Reconstruction Fund, said: “Critical damage to the energy infrastructure has catalyzed processes in Ukraine that would otherwise have been much slower. We are now seeing energy-efficient solutions come to the forefront and be supported at all levels. And highly competitive institutions are uniting to ensure a stable energy supply for the country.”   He is convinced that raising bank funds will help to recover faster from the barbaric shelling. He also expressed hope that the intentions declared in the Memorandum would soon turn into concrete actions, and that the loan conditions would be in line with the current state of the Ukrainian economy.   P.S. Donations to rebuild Ukraine's social infrastructure can be made at the link: https://lnkd.in/eme_fb9B, or to the corporate card of the Kyiv branch of the Foundation in PrivatBank: 5169335107463545   YOUR DONATIONS CAN CHANGE THE FUTURE OF UKRAINE!   #UkraineReconstructionFund #PavloKostyuk #VictoriaKorsunova #Ukraine #HelpToUkraine #Charity

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INVESTORS ATTENTION – TODAY, on May 17th, we are launching a new bond issuance! 📣 The “Capitalica Z114 Real Estate Fund” announces a public bond issuance worth 3 million euros, with the possibility to expand up to 6 million euros if needed. The raised funds will be used to develop a new A-class business center Sand Offices in Vilnius. Investors from Lithuania, Latvia, and Estonia are invited to purchase up to 6,000 bonds with a nominal value of 1,000 euros and an annual interest rate of 6% + 6-month EURIBOR. The minimum investment amount is 1,033.39 euros, and the issuance yield is 10.5%. The debt securities distribution will continue until June 4th. ⏳ Both private and institutional investors are invited to invest through the Nasdaq Baltic exchange. More information - in the text👇 If you have questions related to the bond issuance, join online webinar next Tuesday, May 21st. We are going to discuss the possibilities of investing in #Realverse, focusing on these new bonds. Link - in comments 🔽 #CapitalicaAssetManagement #Bonds #Issue #Investment

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Through our collaboration with the European Investment Fund (EIF) under the Creative Europe program, we are offering expanded financing solutions for businesses in the cultural, creative, and education sectors! 🎨📚✨ Eligible businesses can benefit from EIF guarantees covering up to 70% of the loan amount, making it easier to secure funding. 💸  Learn more about who can apply  in the article on Verslo žinios. #FinoraBank #FinancingOpportunities #SMEsfinancing #CreativeEurope

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🚨 Freelancers in Latvia, major tax changes are coming in 2025 🚨 Starting January 1, 2025, personal income tax rates in Latvia are set to shift. Here’s the breakdown: - 25.5% on income up to €105,300 per year - 33% above that Wondering how this impacts you? If you’re registered as self-employed, you’ll be paying the new personal income rates based on your income level. Good news: If you're using abillio, these new rates won’t affect you. Abillio manages taxes under corporate income tax, which isn't impacted by this change.

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27 September 2024, Fitch Ratings agency gave Moldova the B+ country rating with stable outlook, by two degrees upper against the rating of the Moody's agency, thus sending a strong message to all the potential investors. According to the reputed rating agency, new country's rating reflects commitment to policies that have preserved macroeconomic and financial stability through a series of potentially destabilising shocks in recent years, low government debt with a manageable debt repayment profile, availability of external financial support, and strengthened external buffers https://lnkd.in/dAFs5JVQ #moldova #rating #fitch #grow #potential #vernondavid #businesslawyers

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We are pleased to present the Comparative Analysis of Financial Instruments for Investors in Ukrainian Businesses, developed by BDO in Ukraine in cooperation with the Norwegian – Ukrainian Chamber of Commerce (NUCC) 👉 https://lnkd.in/e9mC73Qj It includes an in-depth analysis of support from the European Union, Denmark, Sweden, Finland, Norway, Germany and international organisations, including the European Bank for Reconstruction and Development (#EBRD) and the Multilateral Investment Guarantee Agency (#MIGA). It provides a detailed analysis of the financial instruments available to investors to support projects in Ukraine. It covers funds from government agencies and international organisations, looking at various financing options, including loans, guarantees, and investment measures.  Particular attention is paid to the support of international investors and the specifics of business financing in Ukraine, with a focus on the integration of investment instruments to support the country's reconstruction after the war.  We invite you to review the report in detail and contact BDO in Ukraine https://lnkd.in/ddaYbw94 and the #NUCC for additional advice on the report. #bdoukraine #nucc #investment #supportforukraine #financing

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No doubt that last month #IPO of Żabka Polska was a great success of all parties involved, including CVC, EBRD and #team of Żabka. But was it equally beneficial to the Polish financial market? – well I put a question mark here. Over last 4 years we have witnessed IPOs of 3 successful modern companies originated from #Poland that were among the largest public listings in Europe at the time. These were: Allegro, InPost and Żabka Polska. What do they have in common: -       All were created from scratch after the transition of the economy -       All are quite successful in expanding outside of #Poland -       All keep generating a lot of Polish taxes -       All were listed as entities registered in #Luxembourg, while InPost is not even traded in #Warsaw, but in #Amsterdam The last point shows weakness of our industry. It is now 20 years or so after setting up Warsaw City 2010 Agenda in the Polish government. I see this programme led by Igor Chalupec as the only one in history successfully setting strategy for our market. Clearly, our financial market in 2010 was in much better shape than in 2004 and became #CEE leader. What happened after that, has stopped the development for years and benefited other markets. We have not used the opportunity neither with the crisis in #Cyprus nor with #Brexit (I tend to see #Luxembourg as a big winner of the situation). So, ahead of our #IndependenceDay coming in a week, I wish to see some strategic vision implemented now to shift #Poland from subcontracting mood to agenda setters within #EU with respect to the financial markets. What do you think? CFA Society Poland Izba Domów Maklerskich Izba Zarządzających Funduszami i Aktywami PSIK, the Polish Private Equity & Venture Capital Association

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Tatneft's net profit under IFRS increased by 2.2% in the first half of 2024. Tatneft's net profit attributable to shareholders under IFRS increased to 151 billion rubles. According to the results of the first half of 2024, Tatneft increased its net profit in relation to shareholders under international standards used to 151.0 billion rubles (+2.2% year-on-year); before adjustment, net profit grew by 2.5% and amounted to 151.4 billion rubles. Tatneft's revenue under IFRS increased almost one and a half times - by 49.3%, to 931.1 billion rubles. Recall that last week, the company's board of directors recommended that shareholders pay dividends based on the results of work for the past half year at the level of 38 rubles 20 kopecks per share (both for ordinary shares and for preferred shares). Tatneft makes payments to shareholders in the amount of half of its net profit under IFRS or RAS - whichever is higher. Tatneft's net profit for the last half-year, according to Russian accounting standards, amounted to 118 billion rubles. https://lnkd.in/eH-94y8R

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#Slovakia eFaktúra Plans 📅 In April, the Slovakian Ministry of Finance (MoF) released the draft National Reform Program (NPR), outlining upcoming reforms for the country. One notable focus highlighted by the MoF is the advancement towards #eInvoicing, with a particular emphasis on adopting the eFaktúra system. 💡 The Slovakian MoF plans to implement the eInvoicing system nationwide in alignment with the EU’s ViDA initiative, awaiting approval from the EU. However, a specific timeline for the mandatory rollout of eInvoicing is yet to be announced. Stay tuned with Taxera Technologies one Platform, Seamless Global Tax Compliance.🌎

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Big thanks to Martina, editor-in-chief of the Czech journal of Banking (Bankovnictví), for the opportunity to raise public awareness and enhance the understanding of sustainable finance among Czech readers. 👏 This article is the first in a series focused on explaining the building blocks of sustainable finance in the context of regulatory changes. In this issue, you can read about the sustainable finance framework and how it fits in the green transition efforts. Stay tuned for more! 🌱 EU Platform on Sustainable Finance International Sustainable Finance Centre (ISFC) Prague University of Economics and Business #sustainablefinance #sustainability #taxonomy

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Together with Olga Balytska, we presented the European Business Association's Recovery Committee at #URC2024 Main results: ✅ The Ministry of Economy of Ukraine presented an investment projects guide, which included 7 projects from our investment opportunity map totaling more than $700 million. I am sure that "our" and other projects will soon find their investors! ✅ We had the opportunity to present the activities of our committee and convey the wishes of business at various sessions and side events. In particular, at the U-Nation conference, where I spoke on a panel dedicated to Innovators in the Recovery Process. ✅ We held many bilateral meetings with representatives of German and international companies from other countries to encourage them to enter the Ukrainian market and start working in Ukraine. Next steps: 🆕 plan an offline event in Kyiv with more detailed results of #URC2024 with a focus on new practical business opportunities 🆓 update regularly the map of investment opportunities https://lnkd.in/efmFwSyM 🆒 update the white paper with recommendations and ongoing advocacy for business interests 🆒 meetings and ongoing dialog with government officials and international institutions The most important thing is to work on building the capacity of Ukrainian business and our members to prepare for financing. While there is a situation when "there is more money than projects" - capacity building is the top priority! #investinukraine #WorkWithUkraine #URC P.S. BDO in Ukraine should start a travel service line 🙂. Our guide on business trips to Ukraine for foreigners is an absolute hit🚉. Download 🇬🇧 and 🇩🇪 here https://lnkd.in/gMjwXBpD

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