WARSAW, Poland, June 20, 2012 (GLOBE NEWSWIRE) -- via PRWEB - Forrest Equity Management has announced that it will sponsor the first Film Finance Awards to take place on 5 December, 2012. The awards, to honour the best in film finance around the world, will take place in the Polish capital city of Warsaw.
The organisers intend for the awards to become an annual fixture in the calendar of film events, to recognise people and organisations that are responsible for raising and providing film finance and the companies whose job it is to market and sell the films to a global market.
The awards organiser, Craig Smith, said that 'word-of-mouth' reaction to the Film Finance Awards has been building steadily and created quite a buzz. "Every day, I receive a stream of emails from people who are interested to learn more about the awards and wish to take part. Recently, Fashion Television contacted me to say they are supporting the event and others are coming forward with sponsorship."
The awards will be presented at a ceremonial dinner for nominees and recipients at the InterContinental Hotel in the centre of Warsaw. Eight categories of awards will be presented at the gala event; the full list appears below.
Speaking on behalf of the sponsors, Leslie Sheldon, one of the directors of Forrest Motion Pictures, said the idea for the event came from personal experience, observing the effort that goes into funding independent films from a patchwork of sources that are barely, if ever recognised.
Forrest Equity Management, Managing Director, Don Bailey, said: "The awards shall mark out and honour individuals, film boards, financial institutions, government agencies and others who are critical to the production of films." Speaking as an Executive Producer, Bailey went on to make reference to Executive Producers, who are excluded from the list of recipients who parade to the stage of the Oscars to collect their statue.
The organisers have set the first annual Film Finance Awards in Warsaw but it may travel to other cities in future years, including the home of films, Hollywood.
For those interested to submit companies and organisations for the awards, the full list of categories is:
- Distribution Company of the year,
- Executive Producer of the year,
- Film Board of the year,
- Festivals of the year,
- Finance Company of the year,
- Film Sales Company of the year,
- Tax Credit Regions of the year,
- Lifetime Achievement in film finance.
http://www.filmfinanceawards.com
NOTE: Forrest Motion Pictures is a Forrest Equity Management company
This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2012/6/prweb9608974.htm
CONTACT: Forrest Equity Managament Ltd. Craig Smith Craig.Smith@FilmFinanceAwards.com +48604144769
© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved
Forex Flash: USD/CAD should strengthen in the weeks to come - Commerzbank - NASDAQ
FXstreet.com (Barcelona) - Commerzbank analysts observed the fall from January peak at 1.0319 to 1.0200 sentiment level and 38.2% Fibonacci retracement of the April-to-June advance. The USD/CAD still risks dropping down to 1.0124 and 1.0112 before a reversal higher.
"Whether its from this week's low so far at 1.0168 or the 1.0124/03 support area USD/CAD will launch its next up leg cannot be determined as yet but what looks to be clear, though, is that the April-to-June rally is impulsive and as such should be followed by further USD/CAD strength in the weeks to come", wrote analyst Axel Rudolph, pointing to 1.0523 (Nov-high) and 1.0581 (200-week MA) as targets after breaching above 1.0446 (June peak).
Credit conditions for firms still deteriorating - Daily Telegraph
Despite the lending constraints, the strongest applicants for finance actually found that “competition between lenders ... had intensified”.
“Companies with strong balance sheets tended to be able to borrow at reasonable terms,” the agents noted.
Christopher Shaw, chief executive of alternative finance firm Platform Black, said banks had turned “off the tap on lending” for all but the very lowest credit risks.
“There’s a real danger that this will have a chilling effect on the economy, even before the recovery has taken root.
“For the economy to start growing in earnest, [small businesses] need to grow and to grow they need funds. Currently, those funds simply aren’t there. The engine of the economy needs fuel but it’s simply not getting it.”
Separately, there were signs that the debt crisis in the eurozone is hitting British exports, with the agents noting that sales to Europe “had weakened materially” over the last month while the prospect of a further strengthening of the pound is causing “widespread concerns” among exporters.
However, overall exports “grew steadily”, driven by increased demand in a number of emerging markets, especially for luxury goods in China and Russia, investment in energy and infrastructure in the Middle East and mining in Africa.
More companies are looking abroad for the first time, the agents said, with the focus on “rapid growth markets” to offset weak demand at home.
Finance: Grinding to a halt - Financial Times
Last updated: June 19, 2012 9:53 pm
Triadformula.com says Forex trading is better than any other types of investments - PRLog (free press release)
Financial Experts say Forex trading is considered as the best form of financial commitment. Here are some of the reasons that make it better than trading and other types of investments. Compared to shares and futures trading industry, Forex trading includes restricted risk. The industry is less unpredictable and if the forex currency trading is managed properly, there can be no or lowest drops. This is because forex currency trading is not determined by just one company or person. It is determined by the overall economic health of the country.
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Forex trading committing occurs very immediately and at almost whenever of the day or night. The industry is open 24 hours a day and 7 days a week. You can business almost at any time and from anywhere you want. With online forex currency trading systems, creating financial commitment in forex has become all the more fast and practical.
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World Bank Supports Strengthening Public Finances in Poland with a €750 Million Loan - eGov Monitor
The World Banks Board of Directors today approved the First Public Finance Development Policy Loan of 750 million Euro (US$ 991,4 million equivalent) for Poland. This is the first in a series of two development policy loans (DPLs) supporting Polands goal of strengthening public finances.
This program of support to Poland is central to the World Banks engagement in the country in the area of public finance reform, said Peter Harrold, World Bank Country Director for Central Europe and the Baltic Countries. It recognizes the strong reforms undertaken by the Government in this area, not least addressing the difficult area of sustainable pensions.
The DPL is supporting the following development objectives:
1. consolidating public finances to ensure a steady decline of the fiscal deficit to stabilize and over the medium-term reduce public debt to maintain favorable access to financial markets;
2. strengthening fiscal institutions through the introduction of fiscal rules to ingrain a prudent fiscal stance over the medium term;
3. advancing long-term fiscal reforms to secure the sustainability of social spending in view of Polands demographic challenge.
The Governments plan of public finance reforms is aimed at stabilizing and subsequently reducing public debt levels to secure access to financial markets at reasonable costs, and thus ensuring the resilience of the economy to shocks. These reforms are also geared to securing the fiscal sustainability of social programs, including in the context of an aging population. Lastly, these reforms will help create the needed fiscal space to maintain and increase investments in infrastructure and human capital to support sustained growth.
"I am very pleased that such significant public finance reforms undertaken by the Government are being supported and appreciated by the World Bank," said Jacek Dominik, the Undersecretary of State in the Ministry of Finance of the Republic of Poland.
Polands economy performed well during the 2008 global financial crisis, reflecting strong economic fundamentals: it was the only economy in the European Union which avoided contraction in 2009 and grew by 3.5 percent annually in 2008-2010. Decisive counter-cyclical measures cushioned the global slowdown, but resulted in weakening of the fiscal stance: the fiscal deficit widened from 2 percent in 2007 (pre-crisis) to almost 8 percent in 2010, pushing up public debt by around 10 percentage points of GDP to over 53 percent of GDP. Polands economy rebounded in 2011, but growth is expected to slow down in 2012. To further sustain the economic recovery and to safeguard access to capital markets the Government has made strengthening public finances a central policy objective.
We are very pleased to be able to support the Government of Polands ambitious reform plans, said Xavier Devictor, World Bank Country Manager for Poland and the Baltic Countries. In a difficult environment, Polands economy continues to perform well and this new loan will support a set of reforms to further strengthen the countrys position.
Forex: NZD/USD trading negatively after yesterday’s surge - FXStreet.com
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