Упражнение 4. Выполните устный перевод с опорой на текст

Business Non-Stop — 6. Focus on CEE Finance ( А.П.Чужакин. МИР ПЕРЕВОДА-3,2005, стр 78 – 94)

1.The IMF may release two frozen standby loans to Ukraine, worth $100m: the money will be disbursed if the improvement in stale budget performance continues. The World Bank approved a $15tn credit to Armenia to improve reform of its education system. The EBRD approved a $30m loan to Moldova to reduce water leakage and environment pollution in the capital Chisinau. The EBRD also announced plans to extend a $10m loan and equity investment package to the United Georgian Bank, Georgia's largest private bank. Uzbekistan gained a $27,8 m loan from the EBRD to support the commercialization of the country’s power sector.

2.Italy's second largest banking group, Banca Commerciale Italiana (BCI) is to buy 81% of the Central European International Bank, corporate banking group partially owned by five foreign banks. BCI will pay about $ 360m for the stake, which includes a 34% share held by theNational Bank of Hungary.

3.The European Investment Bank, the EU's financing division, is to begin raising money in the capital markets of Central Europe. It says this is part of its efforts to develop the capital markets in the region and it almost immediately signed a $100m debt insurance programme in Budapest.

4.The Czech parliament approved the creation of a Securities Commission to improve the transparency of the country's capital markets. Banks and investment funds will also be forced to cut their shareholdings in industry. But analysts complained that the commission will lack full independence — it will not be able to issue its own regulations and will be financed by the state, rather than by members of the stock exchange.

5.The Czech parliament approved the sale of three of the largest state-owned banks to foreign investors through a series of tenders. The government will now dispose of 51% in CSOB 34% in Komercni and 34% in Ceska Sporitelna. The finance ministry said it expects to raise between $lbn and $1.2bn in the sales. The Czech government said it would not rule out a balance sheet clean-up of the big three banks before they were sold off.

6. IPB, the Czech republic's third largest bank, could be sold off for less than $60m the lower end of analysts' expectations. Two accounting firms, Price Waterhouse and Ernst & Young, have reportedly come to different conclusions over IPB's accounts. The potential buyers, Japan's Nomura, are using this as a reason to lower their bid. Komercni Banka, the largest Czech bank, was reported to be in talks to buy 77% of Patria Finance, an investment group. But its plans may be scuttled bythe Dutch ING Bank, which bid for Bank Brussels Lambert holding a 49% stake in Patria.

7. A consortium led by Atlasz, a Hungarian insurance group, acquired PK Bank, the last Hungarian bank to be privatized. The consortium was the only bidder in the sale, in which a 62% stake went for $31.5m. Meanwhile, the Hungarian government said that it would postpone the sale of the state's remaining stake in K&H bank, saying that turbulence on the stock market would limit the success of the offering.

8. The main shareholders of Slovakia's IRB Bank have approved а plan to raise the bank's capital by $30m. The issue should be underwritten by a "strong strategic investor," according to the bank.

Russian energy giant Gazprom secured a $3bn syndicated loan despite the risk that it will be blacklisted by the US government because of his new projects in Iran. The loan, arranged by Credit Lyonnais and Dresdner KJeinwort Benson, was secured against its supply contracts with Gaz de France. In a separate development, Gazprom postponed a $lbn convertible bond issue, citing instability on international markets.

9. In Romania, it emerged that Bane Post rather than the Romanian Development Bank will be the first state bank to go private. State Ownership Fund president said the bank, which operates through post offices throughout Romania, would be privatised in the first quarter of the next year.

Meanwhile, Banca Agricola said it would seek a foreign strategic investor when it comes to be privatised (a sell-off is due within two years). It added that it would look to reduce its loans to the farm sector from 50% of its portfolio to 20%.

10. UK investment group Foreign&Colonial launched a $68m emerging market fund for Romania. It was reduced from an intended $ 100m after upheaval in the region's stock markets.Estonia's Central Bank raised the minimum capital adequacy requirement for the country's banks to 12% in a response to another slump on the Tallinn stock market. The Estonian exchange fared worse than most in the new crash.

Поиск по сайту: