a&o funding european business nov2014

8/10/2019 A&O Funding European Business Nov2014

1/20

Oumjgmd Hurnphbm fusgmhss;T`bts t`h bithrmbtgvh>

Mnvhcfhr 6


2/20

Oumjgmd Hurnphbm fusgmhss; T`bts t`h bithrmbtgvh> | Mnvhcfhr 6


3/20

Enmthmts

Gmtrnjuetgnm 2:

T`bt gs mhhjhj tn cbah bpbm-Hurnphbm cbraht vgbfih> 28

Inbms nr fnmjs> 2?

Jgrhet nr gmthrchjgbthj cbraht> 24

Jnchstge nr pbm-Hurnphbm> 20

www.biihmnvhry.enc

5


4/20

Gmtrnjuetgnm

Gts innagmd gmerhbsgmdiy igahiy t`bt b pbm-Hurnphbm

prgvbth pibehchmt cbraht wgii kngm t`h cbgmstrhbcno enrpnrbth mbmeh gm 6 |Mnvhcfhr 6


5/20

Hurnphbm encpbmghs `bvh turmhj gmerhbsgmdiy tn

bithrmbtgvh mbmeh gm t`h pbst twn yhbrs. Gssuhrs orncHurnph beenumthj onr bfnut b t grj no t`h X.U. prgvbthpibehchmt cbraht gm 6


6/20


7/20

Z@H UXV_HW VHUXIZU

Z`h rst bmj rbt`hr surprgsgmd rhsuit gs t`bt

mbmeh hxheutgvhs sby bithrmbtgvh oumjgmd gsbirhbjy b sgdmgebmt snureh no mbmeh.

Z`hy hxphet t`hgr ush no oumjgmd snurehjornc gmsurbmeh encpbmghs, phmsgnm oumjsbmj nt`hr mnm-fbmas tn gmerhbsh nvhr t`h mhxtvh yhbrs, fut mbmeh e`ghos stgii hxphet fbmas

tn piby b sgdmgebmt rnih bs gmthrchjgbrghs,`hipgmd brrbmdh erhjgt t`rnud` bithrmbtgvhsnurehs. Z`h shenmj mjgmd gs t`bt cnst

hxheutgvhs wnuij strnmdiy whiench cnrhbithrmbtgvh oumjgmd snurehs bmj shh bpbm-Hurnphbm prgvbth pibehchmt cbraht bsb ahy pbrt no t`bt pgeturh bs inmd bs t`hrhgs sueghmt eibrgty nm ensts bmj prnehsshs.

www.biihmnvhry.enc

4


8/20

@nw gcpnrtbmt gsbithrmbtgvh oumjgmd gm Hurnph>

Z`h cnst surprgsgmd mjgmd ornc t`gs rhshbre` gs t`bt nvhr 6


9/20

bmj e`gho mbmegbi nehrs survhyhj `hrh brh sbygmd bmj

gt enuij hxpibgm t`h jgvhrdhmt trhmjs s`nwm gm jghrhmt

stbtgstgebi snurehs.

Mhw fbma ihmjgmd `bs jheigmhj :6% gm Hurnph sgmeh 6


10/20

Ruhstgnm bsahj;\ihbsh gmjgebth t`h hxthmt tn w ge` ynu ushj hbe` no t`h oniinwgmd snurehs no oumjgmd vh yhbrs bdn bmj tnjby bs b phr ehmt no ynur tntbi oumjgmd>

U\VHBJ NO OXMJGMD OG_H WHBVU BDN BMJ ZNJBW


11/20

T`bt gs eihbr gs t`bt Hurnphbm mbmeh `hbjs brh tbagmd b cnrh

pgea bmj cgx bpprnbe` tn oumjgmd bmj mn inmdhr rhiygmd nm

fbmas tn prnvgjh onr bii t`hgr mhhjs pbrtiy t`rnud` mhehssgty

bmj pbrtiy juh tn gmerhbshj e`ngeh. Bmj t`h survhy rhsuits

prnvgjh bm gmthrhstgmd pgeturh no t`h hvnivgmd oumjgmd cgx.

Ebpgtbi cbrahts brh pbrt no t`h cgx onr 8


12/20

@nw wgii oumjgmd snurehse`bmdh nvhr t`h mhxt vh yhbrs>

Mhbriy `bio (:4%) no rhspnmjhmts hxphet t`hgr ush no bithrmbtgvh

oumjgmd tn gmerhbsh nvhr t`h mhxt vh yhbrs, w`gih nmiy 25% t`gma

gt wgii jherhbsh. Z`bt eihbr s`got tnwbrjs bithrmbtgvh mbmeh gs

t`h fgddhst trhmj tn hchrdh ornc rhspnmjhmts bmswhrs tn t`gs

quhstgnm. Cue` no t`h gmerhbsh gm bithrmbtgvh oumjgmd enchs bt

t`h hxphmsh no fbma ihmjgmd, w`hrh sigd`tiy cnrh rhspnmjhmtshxphet tn shh b jherhbsh. Tgt` ebpgtbi cbrahts, sigd`tiy cnrh

rhspnmjhmts hxphet bm gmerhbsh.

Jgddgmd jhhphr gmtn t`h jbtb fy sgzh no encpbmy, t`hrh brh snch

gmthrhstgmd mubmehs, `nwhvhr. Ogmbmeh hxheutgvhs ornc chjguc-

sgzhj encpbmghs brh pbrtgeuibriy hmt`usgbstge bfnut t`h gmerhbsh gm

bithrmbtgvh oumjgmd, wgt` nvhr `bio (8:%) hxphetgmd tn

ush cnrh, fut b t`grj bisn hxphet tn ush cnrh fbma ihmjgmd.

Z`hy bisn hxphet t`hgr ush no ebpgtbi cbrahts tn gmerhbsh sigd`tiy.

Onr ibrdhr encpbmghs, gt gs b jghrhmt pgeturh. Nmiy 65% no

rhspnmjhmts hxphet tn gmerhbsh t`hgr ush no fbma ihmjgmd,

encpbrhj tn 55% t`bt hxphet b jherhbsh. Mhbriy twgeh bs

cbmy (:6%) hxphet tn ush cnrh bithrmbtgvh oumjgmd bmj nmiy

22% ihss t`h ibrdhr t`h encpbmy, t`h eihbrhr t`h trhmj tn

jgvhrsgebtgnm, wgt` nvhr b qubrthr (64%) no rhspnmjhmts orncibrdh encpbmghs bisn pibmmgmd drhbthr ush no ebpgtbi cbrahts.

U@GOZ OVNC FBMA IHMJGMD ZN BIZHVMBZG_H OXMJGMD

Gmerhbsh Utby t`h sbch Jherhbsh


13/20

Un, w`bts t`h bithrmbtgvh>

www.biihmnvhry.enc

25


14/20

Tnuij b pbm-Hurnphbmprgvbth pibehchmt cbraht ii b oumjgmd dbp>

Vhspnmjhmts shh b eihbr mhhj onr cnrh bithrmbtgvh oumjgmd

snurehs gm Hurnph, wgt` 0


15/20

T`bt gs mhhjhj tn cbah bpbm-Hurnphbm cbraht vgbfih>

Vhspnmjhmts enmsgjhr ensts bmj prnehsshs tn fh obr cnrh

gcpnrtbmt onr b whii-oumetgnmgmd prgvbth pibehchmt cbraht,

t`bm rbtgmds, thmnr bmj jgseinsurh ruihs.

Z`h ihbjgmd enmehrm gs t`h trbmspbrhmey bmj prhjgetbfgigty

no ensts. Unch encchmtbtnrs `bvh suddhsthj t`bt drhbthr

furhbuerbey enuij cbah b Hurnphbm cbraht cnrhhxphmsgvh t`bm t`h X.U. prgvbth pibehchmt cbraht.

Z`gs gs oniinwhj fy t`h mhhj onr eihbr bmj prhjgetbfih prnehsshs,

jhmncgmbtgnm gm t`h gssuhrs nwm eurrhmey (b pbrtgeuibr enmehrm

bcnmd Frgtgs` rhspnmjhmts fut bisn rbmagmd `gd` onr snch no t`h

Hurnznmh rhspnmjhmts) bmj stbmjbrjgshj jneuchmtbtgnm.

@bio no rhspnmjhmts (:7%) ohhi t`bt `brcnmgsgmd t`h wgt``nijgmd

tbx rhdgch bernss Hurnph wnuij fh ahy, fut t`gs gs inw jnwm t`h

igst no prgnrgtghs onr Frgtgs` bmj Fhmhiux rhspnmjhmts.

Chjguc-sgzhj encpbmghs whrh cnrh enmehrmhj t`bt t`h cbraht

fh bvbgibfih tn fusgmhsshs no bii sgzhs, hihvbtgmd t`gs tn t`hgr

onurt`-rbmahj prgnrgty.

EIHBV ENUZU BMJ \VNEHUUHU ZN\ Z@H IGUZ

Ruhstgnm bsahj; \ihbsh thii ch nw gcpnrtbmt ynu enmsgjhr hbe` no t`h oniinwgmd tn fh gm nrjhr onr b pbm-Hurnphbm prgvbth pibehchmt cbraht tn fh bm bttrbetgvh

bmj vgbfih nptgnm onr fnt` fnrrnwhrs bmj gmvhstnrs>


16/20


17/20


18/20

Zwn-t`grjs no rhspnmjhmts (?4%) sby t`hy wbmt tn shh b pbm-

Hurnphbm prgvbth pibehchmt cbraht jhvhinp, rbt`hr t`bm b shrghs

no jnchstge cbrahts. Ibrdhr encpbmghs s`nw bm hvhm strnmdhr

prhohrhmeh, wgt` t`rhh-qubrthrs (48%) no mbmeh hxheutgvhs

sbygmd gt s`nuij fh pbm-Hurnphbm.

Z`bt prhohrhmeh gs bisn pbrtgeuibriy strnmd gm shetnrs igah thihencsbmj the`mnindy, hmhrdy bmj mbturbi rhsnurehs bmj gmorbstrueturh/

trbmspnrt, w`hrh prgvbth pibehchmts brh orhquhmtiy ushj gm

prnkhet mbmegmd. Kust 6 |Mnvhcfhr 6


19/20

Z`gs survhy bs fhhm enmjuethj usgmd thihp`nmh gmthrvghws wgt` 620 rhspnmjhmtsornc encpbmghs wgt` 8< nr cnrh hcpinyhhs, wgt` rhspnmjhmts spigt hvhmiyfhtwhhm chjguc bmj ibrdh hmthrprgshs bmj bernss bii cbknr encchregbi shetnrshxeiujgmd mbmegbi shrvgehs gm Dhrcbmy, Orbmeh, t`h XA, Upbgm, Gtbiy bmj Fhmhiux.

Vhspnmjhmts bii bvh sufstbmtgbi jhegsgnm cbagmd gmput nvhr t`hgr encpbmysoumjgmd brrbmdhchmts.

WnuDnv pie cbahs hvhry hoonrt tn prnvgjh rhprhshmtbtgvh gmonrcbtgnm. Bii rhsuitsbrh fbshj nm b sbcpih bmj brh t`hrhonrh sufkhet tn stbtgstgebi hrrnrs mnrcbiiybssnegbthj wgt` sbcpih-fbshj gmonrcbtgnm.

Oghijwnra wbs umjhrtbahm fhtwhhm 2? Uhpthcfhr 6


20/20

Biihm & Nvhrychbms Biihm & Nvhry II\ bmj/nr gts boogigbthj umjhrtbagmds. Z`h thrcpbrtmhrgs ushj tn rhohr tn b chcfhr no Biihm & Nvhry II\ nr bm hcpinyhh

nr enmsuitbmt wgt` hqugvbihmt stbmjgmd bmj qubigogebtgnms nr bm gmjgvgjubi wgt` hqugvbihmt stbtus gm nmh no Biihm & Nvhry II\s boogigbthj umjhrtbagmds.

DINFBI \VHUHMEH

Biihm & Nvhry gs bm gmthrmbtgnmbi ihdbi prbetgeh wgt` bpprnxgcbthiy 8,

a&o funding european business nov2014

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