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Small and Medium Enterprise Philosophy
Strength in Market Weakness
During the last two years of weak growth in the global economy, the small to medium businesses and outperformed and displayed greater robustness than the multinationals. There are several reasons why this true in terms of cash flow and fiscality, but there are also cultural reasons. Among the cultural reasons is that most people in the world work for a family based business or a business with less than 10 employees. The model for such businesses is micro-economic and enjoys a global vigour. Whether in Hong Kong or France, the factory you are sure to find resembles your corner store in many respects. England and France recognized this fact early in the definition of their economies and this model has recently served them well. In fact, Britain's small and medium enterprises lead global growth and stabililty figures. Thus, this is a major focus for PIA Bank S.A. both in the areas of technological exchange and investment.
Our decisions in this area are based upon the success of models in Eastern Europe. We favour the much more successful and risk reduced model of Oresa Ventures, a Luxemburgish Financial Group with a diverse record of success ranging from the Flanco case study to the development of Medicover and its affiliates. The model which we found prevalent in the same trading area is Planar in Belarus, which we leave to other financial intermediaries.
