Undoubtedly, the leasing industry will suffer significantly from the economic recession caused by measures to combat the Coronavirus. The Wall Street Journal announced last Friday, May 22, 2020, that the world’s oldest car rental and leasing company and one of the largest in the United States, Hertz, has filed for bankruptcy. In March 2020, Hertz […]
“Dear, I am going to the supermarket, to grab a car.” Last week, the above phrase may have sounded funny, but since Monday it is reality itself. The German retailer giant Lidl, together with the leasing company from Berlin Vehiculum, offer to lease the ladies’ favorite Fiat 500 … and that at only 89 Euro […]
February brought changes among the Bulgarian leasing companies. On 04.02.2019 in the Commercial Register officially SoGe Lease Bulgaria EOOD ceased to exist and was renamed to OTP Leasing EOOD. Societe Generale Equipment Finance is the leading leasing company in Europe, competing for the first place on the continent with another French leasing giant – BNP Paribas […]
Exactly one year ago, on 31.10.2017 the European Commission approved the new IFRS 16 – Leasing and incorporated it in Regulation 1126/2008 for implementation throughout the EU. IFRS 16 provides a new way for reporting of leasing transactions. The new standard will be implemented from 01.01.2019. Some history behind IFRS 16 – Leasing The International […]
