The Vienna Stock Exchange is delighted to announce that the Czech National Bank (Ceska Narodní Banka) has granted its approval of the acquisition of the 92.4% stake in the Prague Stock Exchange notified by the exchange operating company, Wiener Börse AG, on 7 November 2008.
"We welcome the rapid approval of the Czech authorities. This means that we can quickly start implementing our measures to strengthen the Czech capital market further", explained Michael Buhl, CEO of Wiener Börse AG. Mr. Buhl stated the connection of the Prague Stock Exchange to the data vending network of the Vienna Stock Exchange (Budapest, Bucharest, Sarajevo and Banja Luka) as one of the effective measure that can be realized quickly.
With the approval of the acquisition of the 92.4% stake in the Prague Stock Exchange, the Vienna Stock Exchange is now a majority shareholder in three Central and Eastern European exchanges. Together with Oesterreichische Kontrollbank, the Vienna Stock Exchange holds 68.8% of shares in the Budapest Stock Exchange, and in June of this year, it bought a majority stake of 81.
duminică, 12 aprilie 2009
UniCredit will become an official partner of UEFA Champions League from July 2009 until June 2012
The deal underscores UniCredit’s commitment to build a powerful European brand and identity based on its master brand strategy which was launched in 2007. At the start of 2008 the group decided to pursue this strategy by investing in a strong European sports sponsorship platform.
UniCredit views sound investment in its brand as crucial to enhancing and driving sustainable business success. The significant international audience that the UEFA Champions League attracts provides UniCredit with an effective platform to achieve its goals. The three-year contract includes a variety of communications, branding, broadcasting and promotional rights.
UEFA Champions League is the most successful club competition in international football. With its wide European reach UEFA Champions League is a sound strategic fit with UniCredit as a one of the leading European financial institution.
UniCredit views sound investment in its brand as crucial to enhancing and driving sustainable business success. The significant international audience that the UEFA Champions League attracts provides UniCredit with an effective platform to achieve its goals. The three-year contract includes a variety of communications, branding, broadcasting and promotional rights.
UEFA Champions League is the most successful club competition in international football. With its wide European reach UEFA Champions League is a sound strategic fit with UniCredit as a one of the leading European financial institution.
Governor likes state budget plan
PIERRE - The $3.9 billion budget passed by the South Dakota Legislature will help the state's effort to fix its budget problems in the next couple of years, Gov. Mike Rounds said Monday.
The governor said the budget for next year is balanced with the use of $88.1 million in federal money from the stimulus package passed by Congress, but it also includes most of the cuts in state programs he proposed in January.
The use of federal stimulus money and an effort to slow the growth of state spending will help the state get through the next couple of years, Rounds said. That means the state will have a better chance of balancing its budget when the federal aid ends, he said.
''It gives us a chance to slow down the increases in spending until such time as our revenues start to pick up again as we recover,'' the governor said.
The next step is to increase employment by creating jobs and helping people get trained for new occupations, Rounds said. That effort, which will be named Jump Start, will involve cooperation from many state agencies, he said.
''We have to get started right away,'' the governor said.
The Legislature passed the budget on Friday, the final day of the main run of this year's legislative session. Lawmakers return for a final day March 30 to consider vetoes issued by the governor and any other last-minute issues.
After state revenues fell sharply due to the recession, Rounds proposed a $3.6 billion budget in January that called for cutting $46 million in spending from the portion supported by state general funds.
On Monday, Rounds said the Legislature approved 80 percent of those proposed cuts in the final budget bill.
About $16.4 million in proposed cuts had to be restored for education and Medicaid in order to qualify for $88.1 million in federal stimulus money that was used to balance the budget.
Those restored cuts included $5.3 million in continued extra aid to schools with significant increases and decreases in enrollment, $6.1 million in adjustments to local school district property taxes, and $800,000 in general state aid to schools. Another $4.2 million in cuts were restored to Medicaid, the state-federal program that pays the medical expenses of poor people.
The $3.9 billion state budget for the year beginning July 1 includes $1.13 billion in spending from state general funds, such as the sales tax. It authorizes spending another $1.85 billion in federal funds, and nearly $939,000 in other funds that are dedicated to specific uses, such as the gas tax for road construction.
The governor said the budget for next year is balanced with the use of $88.1 million in federal money from the stimulus package passed by Congress, but it also includes most of the cuts in state programs he proposed in January.
The use of federal stimulus money and an effort to slow the growth of state spending will help the state get through the next couple of years, Rounds said. That means the state will have a better chance of balancing its budget when the federal aid ends, he said.
''It gives us a chance to slow down the increases in spending until such time as our revenues start to pick up again as we recover,'' the governor said.
The next step is to increase employment by creating jobs and helping people get trained for new occupations, Rounds said. That effort, which will be named Jump Start, will involve cooperation from many state agencies, he said.
''We have to get started right away,'' the governor said.
The Legislature passed the budget on Friday, the final day of the main run of this year's legislative session. Lawmakers return for a final day March 30 to consider vetoes issued by the governor and any other last-minute issues.
After state revenues fell sharply due to the recession, Rounds proposed a $3.6 billion budget in January that called for cutting $46 million in spending from the portion supported by state general funds.
On Monday, Rounds said the Legislature approved 80 percent of those proposed cuts in the final budget bill.
About $16.4 million in proposed cuts had to be restored for education and Medicaid in order to qualify for $88.1 million in federal stimulus money that was used to balance the budget.
Those restored cuts included $5.3 million in continued extra aid to schools with significant increases and decreases in enrollment, $6.1 million in adjustments to local school district property taxes, and $800,000 in general state aid to schools. Another $4.2 million in cuts were restored to Medicaid, the state-federal program that pays the medical expenses of poor people.
The $3.9 billion state budget for the year beginning July 1 includes $1.13 billion in spending from state general funds, such as the sales tax. It authorizes spending another $1.85 billion in federal funds, and nearly $939,000 in other funds that are dedicated to specific uses, such as the gas tax for road construction.
Brown County Commission Agenda
The Brown County Commission meets in regular session at 8:45 a.m. Tuesday in the commission chambers at the Brown County Courthouse Annex, 25 Market St. Agenda items include:
8:45: Bid openings for semi tractor for highway department.
8:55: Highway Superintendent Jan Weismantel; possible approve of gas and fuel bids and applications for occupancy from Burlington Northern Santa Fe.
9: Bid openings for belly pup trailer for highway department.
9:10: Commission meets as county drainage board.
10: County Board of Equalization; organize the board, tax exempt parcels, veterans' freeze, seniors' freeze.
Noon: Lunch
1:30: Consolidated Board of Equalization.
Claims, payroll, personnel, authorize advertising for special malt beverage license, treasurer's quarterly interest statement, grant application.
8:45: Bid openings for semi tractor for highway department.
8:55: Highway Superintendent Jan Weismantel; possible approve of gas and fuel bids and applications for occupancy from Burlington Northern Santa Fe.
9: Bid openings for belly pup trailer for highway department.
9:10: Commission meets as county drainage board.
10: County Board of Equalization; organize the board, tax exempt parcels, veterans' freeze, seniors' freeze.
Noon: Lunch
1:30: Consolidated Board of Equalization.
Claims, payroll, personnel, authorize advertising for special malt beverage license, treasurer's quarterly interest statement, grant application.
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