AUSTRIA: CHANGES IN SAVINGS PATTERN
Article Abstract:
The Austrian National Bank reports that in 1999 the monetary assets of private households in Austria increased by almost 6% to Sch 3,598bn and amounted to Sch 444,000 per capita. Since 1995 the share of assets held in cash or bank deposits has fallen by 5.4%-points to 57%. Also the share of assets invested directly in securities has fallen by 8.3%-points, while that of investment funds has grown from 4.1% to 11.3%. The total of investment fund certificates amounted to Sch 407bn in 1999. Since 1995 pension entitlements from pension funds have increased 250% to Sch 122bn and account for 3.4% of monetary assets. In 1999 entitlements from life insurance policies accounted for 12.7% and from other insurance policies for 4.2% of private households' monetary assets. The debts of private households in 1999 amounted to Sch 1,030bn or Sch 127,000 per capita. About 75% of the total relates to long-term debts.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
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FRANCE: NOVACY'S CLIENT RELATIONS MANAGEMENT
Article Abstract:
Novacy, the French payroll savings company, has invested FFr 600,000 in the purchase of the Easyphone publisher's UCI 2000 software. According to Novacy his cost does not include machines nor operation nor hosting. It is counting on this software to improve the efficiency of its telephone centre at Levallois-Perret, near Paris. This centre is designed to meet the requests which its clients (private individuals, employees, and the liberal professions) send by email, and to supply on-line assistance on the Internet. According to Patrice Coquet, Novacy's director of computer systems, UCI 2000 enables the company's commercial services to recontact clients in addition to storing data such as the identity of the clients who call, their background in Novacy, and the channel used.
Publication Name: Monde Informatique
Subject: Business, international
ISSN: 0242-5769
Year: 2001
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Denmark: Household saving to increase in 2002
Article Abstract:
Analysts predict an increase in household saving during 2002. Historically, households save more during economic downturns says Frank Pedersen of Codan Liv. When the economy is weak people become more hesitant in their spending behaviour, Pedersen said, predicting an increase in the retirement funds market for 2002.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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