26.03.2020 – 12.51 – At the forefront, maintaining in safety the full operativity of its organization even during the health emergency, to be at the side of local companies providing the assistance and support necessary to its subsidiaries and foreign companies to maintain productivity and to face the global crisis of Covid-19.
This is the mission of the Triveneto based finance company for internationalization, with headquarters in Pordenone and offices in Padua and Moscow, chaired by Alessandro Minon, the Board of Directors of which in March approved new internationalization operations alongside local companies and investment activities in Equity and foreign direct funding.
From Finest‘s privileged observatory on the economy of the northeast of the country, including its extension on international markets, emerges a strong willingness on the part of companies to keep their international commercial and production networks vital, in an economic framework that sees each individual nation forced to respond differently on the basis of its specific health situation.
In this critical context, the role of an institution like Finest becomes even more crucial: keeping the value chains of our companies alive within the transnational industrial networks in which they operate means defending not only an economic interest, but also and above all a social one, supporting the income and future of workers and their families.
Finest’s technical structure continues to work on a daily basis to assist the affiliated companies, sharing with their management assessments that allow the sustainability of the various activities and offering operational support to all those entrepreneurs who cannot currently reach their foreign plants, which in most countries continue to operate normally.
To date, the finance company has a portfolio of 64 foreign affiliated businesses promoted by companies in north-eastern Italy distributed in a territory ranging from central-eastern and Balkan Europe to the Russian Federation and CIS countries (the confederation of independent states, which includes Russia itself and many of the former Soviet republics such as Armenia, Belarus, Kazakhstan), from the Baltic to Southern Europe, for a total exposure of over 97 million euros; in the calendar year 2019 it disbursed more than 29 million euros and is currently working on a major line of contact and financing involving small and medium enterprises and companies of strategic value for Friuli Venezia Giulia, Veneto and Trentino Alto Adige.
“The Italian companies with which we co-invest abroad have a total turnover of more than 8 billion euros, the result of the sacrifices and work of entrepreneurs in the Northeast,” explains the President of Finest Alessandro Minon; “our commitment is all in defense of this heritage of excellence and expertise, and we do it as an investor partner with public utility purposes.
When the health and epidemiological emergency will be under control again, the foreign networks that we have built together with our companies in over 25 years of internationalization will be decisive in restoring the export flows on which our economy is based.
The direct presence on international markets will represent a significant competitive advantage for our companies: through local production it will be possible to reach domestic markets despite the current restrictions, the duration of which is difficult to predict.
Today, having a regional financial institution for internationalization is a great advantage for our Regions”.
Traduzione di Michael Guggenbichler
