DEBT RECOVERY firm General Factoring has won a tender for the collection of claims totalling Sk70 billion (€1.9 billion) owed to Slovakia's social insurance provider, Sociálna Poisťovňa (SP).
General Factoring's commission will be 6.55 percent of the volume of the recovered claims. SP registers 246,000 debtors.
General Factoring won a tender over three competitors. Some bidders had demanded a commission of as much as 10 percent, SP informed the SITA news agency.
5. Jan 2006 at 10:05