Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

UniCredit to unite Slovak and Czech branches

UNICREDIT Bank is combining its activities on the Czech and Slovak markets, expecting synergy in the area of expenses, revenue and rationalisation of the organisational structure in 2014, the UniCredit Bank Slovakia’s Miroslav Štrokendl said on December 3 as quoted by the SITA newswire.

UNICREDIT Bank is combining its activities on the Czech and Slovak markets, expecting synergy in the area of expenses, revenue and rationalisation of the organisational structure in 2014, the UniCredit Bank Slovakia’s Miroslav Štrokendl said on December 3 as quoted by the SITA newswire.

Synergy in terms of revenue means financing bigger projects, he added.

The bank is expecting savings in the IT area as well as the purchasing of materials.

The bank has not identified what exactly the rationalisation of the organisational structure would mean, SITA wrote, adding that there is no clear answer to the question of layoffs either at the moment.

The balance sum for both banks will be about €16 billion, while UniCredit Bank Slovakia recorded at the end of September 2012 a balance sum of €4.009 billion, SITA reported.

Top stories

Robert Fico has lost the electoral magic he once had Plus

But his party can still bounce back if they do the things that make parties resilient.

Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.

New legislation protects creditors from unfair mergers

Fraudulent mergers were a legal business model enabling unfair businesses to get rid of debts

Tightening conditions when merging companies will increase the red tape of lawful mergers and prolong this procedure.

Fifty Shades of Grey: Slovakia's Olympic outfits will not stray from tradition

The official outfit for Slovak athletes at the Pyongyang Olympic Games has been presented; the Slovak Olympic Committee (SOV) is not satisfied.

Olympic outfit of Slovak athletes

Blog: How long until a robot takes your job?

Are robots really taking over? What are the benefits and what are the risks?

Illustrative stock photo