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Leasing market sees major growth in 2005

THE SLOVAK leasing market witnessed an unexpected 24 percent growth in turnover last year. Companies united in the Slovak Leasing Companies Association (ALS) reported that the total volume of leasing contracts for movable and fixed assets was Sk57.3 billion in 2005, up almost 23.9 percent year-on-year.

According to ALS chairman Miloš Randák, leasing of movable assets grew 22.1 percent year-on-year to Sk54.7 billion. Annualized growth in 2004 was only four percent, the Hospodárske noviny wrote.

Randák also said that the 10 biggest leasing companies in Slovakia now control 87 percent of the
market.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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