Investment

Czech Republic. (See Table in appendices’ section) Before doing business with a country, investors need to take several factors into account. Indeed, the global health of the country in particular areas are determinant as far as the future of the investment is concerned. In our present case, we will have a look at five main criteria that are the political stability, the currency stability, the domestic growth, the labour qualification and the exports potential. This criteria will be studied on 5 countries

economy is the ninth largest worldwide and the fifth largest in Europe. It is also the 3rd largest world investor The Spanish economy had been until recently regarded as one of the most dynamic within the EU, attracting significant amounts of foreign investment. During the last four decades the Spanish tourism industry has grown to become the second biggest in the world, worth approximately 40 billion Euros, about 5% of GDP, in 2006. However, at the end of May 2009 unemployment had already reached 18

Assignment 1 4ESG1 Analysis of BNP Paribas From the outset it seems important to present BNP Paribas in a few words. Thus, with three principal activities namely retail banking in France and in international, bank financing and investment, and Asset Management and services with asset management activities. Today, with the AA rating, revalued in 2010 to AA-following a deterioration of asset quality in 2009, BNP Paribas has confirmed its position within the club of the strongest banks

(Schengen zone), opening of labour markets, free flow of goods and capital, and inflow of financial support (structural finds). The above-mentioned factors accelerated socio-economic development in the country. The inflow of capital from direct foreign investments, as well as from union resources, contributed to the creation of new work places. It should be added that the decrease in the national rate of unemployment was also influenced by compatriots involved in wage emigration, whose outflow decreased the

try to find clubs of convergence in this area through KPSS and ADF models, and show the difficulty of observing such clubs among Mediterranean countries. Key words: Planning and Policy, Macroeconomic Analyses of Economic Development International; Investment; Long-Term Capital Movements JEL : O2, O11, F21 GRETHA UMR CNRS 5113 Université Montesquieu Bordeaux IV A v e n u e L é o n D u g ui t - 3 3 6 0 8 P E S S A C - F R A N C E T e l : + 3 3 (0 ) 5 . 5 6 . 8 4 . 2 5 . 7 5 - F a x : + 3 3 (0 )

Hedging and Investment Solutions LA SYNTHÈSE DES TAUX #291 15 septembre 2009 Contacts: Paris: Emilie Maréchal +33 1 41 89 17 93 Central Banks Sales Anne-Caroline Tuffery +33 1 41 89 31 15 Financial Institutions Sales Koceila Maames +33 1 41 89 12 60 Fixed Income Markets Manager – North Africa Alger: Michel Duchmann +213 20 89 13 01 General Manager – Calyon Algeria Tripoli: Jean Paul Illy + 218 21 33 51 304 General Manager - Calyon Libya Tunis: Christian Pehuet +216 71 96 00 08 General Manager

Dear Sirs, We refer to your query concerning the subject matter above. We understand that you wish to form a platform for private equity investments established as a partnership limited by shares (Société en commandite par actions, “SCA”) under Luxembourg law. We are asked to give our legal advice on whether the British Private Equity and Venture Capital Association (“BVCA”) clause regarding the transfer of interests in a SCA (the “Clause”) could be adapted to the SCA as to be valid under Luxembourg

en Italie, • BeLux Retail Banking, • Europe Méditerranée, • BancWest, • Personal Finance, • Equipment Solutions ; • le pôle Investment Solutions ; • Le pôle Corporate and Investment Banking (CIB) ; • BNP Paribas SA est la maison mère du groupe BNP Paribas. UN BÉNÉFICE NET PART DU GROUPE DE 7,8 MILLIARDS D’EUROS, CONFIRMANT LA SOLIDITÉ DU MODÈLE DE BNP PARIBAS. Le capital

personal finance education. tendency for people to have "myopic loss aversion", a situation in which investors - overly preoccupied by the negative effects of losses in comparison to an equivalent amount of gains - take a very short-term view on an investment. What happens is that investors are paying too much attention to the short-term volatility of their stock portfolios. While it is not uncommon for an average stock to fluctuate a few percentage points in a very short period of time, a myopic (i

product (GDP) growth rates while keeping factories running (if at a loss) and workers employed. But the economic crisis has exposed the inefficiencies of China’s export-dependent economic model, and the government has had to pump money into a major investment stimulus package to make up for the net drain the export sector currently is exacting on the economy. For years, China’s leaders have recognized the risks of the current economic model. They have debated policy ideas to shift from the current model