BELARUS NEWS AND ANALYSIS

DATE:

21/08/2008

Generali to start operating in Belarus by year-end

MILAN (Thomson Financial) - Generali PPF has obtained a non-life insurance licence in Belarus and will start operating there under the Generali brand by the of the year, according to a statement by Assicurazioni Generali, which owns 51 percent of Generali PPF.

'This move confirms the company's interest to continue its expansion in countries with meaningful growth potential, due to low insurance penetration rates and high GDP growth,' said Generali's managing director Sergio Balbinot.

Belarus has around 10 million inhabitants and its economy is growing by about 9-10 percent on an annual basis.

Source:

http://www.forbes.com/afxnewslimited/feeds/afx/2008/08/21/afx5344691.html

Google
 


Partners:
Face.by Social Network
Face.by