V EEFA Conference. 7 - 10 November, 2005, Slovenia, Ljubljana

On 7th November, 2005 85 delegates form 25 European countries got together in Ljubljana, the capital of Slovenia, for the 5th annual East European Factoring Association Conference. The 3-day conference, which is conceived as a venue for top factoring professionals from Eastern Europe, was held in cooperation with PRVI FAKTOR d.o.o.

First held in Moscow in 2001, the EEFA conference has been continuously growing in the number of attendees, steadily coming closer in this respect to the more mature events organized by International Factors Group (IFG), Factors Chain International (FCI) and BCR Publishing. This year besides delegates from the developing Eastern European factoring markets a relatively big input to the event was made by the representatives of traditional factoring nations: the United Kingdom, Italy, France, Germany and Belgium. This fact proves perfectly a rising interest of the international factoring community to this highly potential market.

The host of the conference Mikhail Treyvish, the EEFA President and Chief Executive Director of National Factoring Company, chaired its first session, while the chairmanship of the other two sessions was shared by the Dr. Ole Hansen, Chairman of the FCI Marketing Committee and Erik Timmermans, Secretary General of IFG.

The delegates attended presentations on topics including: Slovenian banking system overview, new opportunities provided by EBRD trade facilitation programme, specifics of factoring development in eastern and western Europe, effective risk management and fraud evasion, marketing of international factoring as well as effective IT solutions for factoring business.

An unofficial part of the conference provided a perfect opportunity to discuss the varied presentation topics as well as to interchange the participants' experience. The exciting cultural programme included a tour around Ljubljana and trip to the famous wine growing regions in Slovenia, with city tour of the town of Metlika and a lunch in a wine cellar of the ancient Town Castle.

The official part of the Conference was ended by the sparkling Gala Dinner in the Ljubljana Castle, sponsored by the Nova Ljubljanska Banka d.d., with delightful menu and jazz music. During the evening the guests had a chance to appreciate a fantastic panoramic view of the night capital and the atmosphere of the medieval castle illuminated with huge torches.

Most of the delegates have noted an increased level of the event and expressed their enthusiasm for visiting the next 6th Annual EEFA conference, which is planned for the next year.

According to Mr. Treyvish, such a high assessment of the EEFA Conference, gives a good reason to believe that each year more and more factoring companies not just form Eastern Europe, but also form other countries of the world, will attend the event to exchange fresh ideas and take an advantage of today's enlarged Eastern European factoring markets' potential.

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