Raiffeisenbank has launched a promotional campaign for newly issued credit cards MasterCard Standard, Visa Classic, MasterCard Gold, Visa Gold, during which the customers will 10% cash back for the first purchase or payment, made with the new card in Bulgaria. In addition to that, customers will not pay annual fees till 30 June 2014.
“In Europe, but also globally, 2014 is marked by growth recovery. For the Eurozone, the new year will not only bring a multitude of new regulations under Basel III but with Latvia also a new member state. The global markets will see an end of the excess liquidity due to the withdrawal of the American bond-purchase program. In the first quarter, the Emerging Markets outside of Europe will by trend stay behind the established markets. However, there will be a differentiated development as reform-orientated countries will continue to show higher performance yields,” Peter Brezinschek, Head of Raiffeisen Research of Raiffeisen Bank International AG (RBI), starts his presentation of the two publications “Global Markets Strategy” and “Central & Eastern European Strategy” for Q1 2014.
“For 2014, leading indicators show a recovery of global growth. Advanced economies take the lead, as net exports and private investments support growth. For the US we expect 2.5 per cent, for Japan 2.3 per cent and for the Eurozone 1.5 per cent. Also Emerging Markets, like for example the countries in Central- and Eastern Europe (CEE) will show moderate growth with just below 2 per cent“, starts Peter Brezinschek, Chief Analyst of Raiffeisen Research, his capital market theme overview for 2014 with growth forecasts.