05.07.2009
A term used to describe the relationship between a company’s debt and equity shareholders’ funds. Gearing is usually expressed as a percentage and is calculated by dividing the company’s debt by its equity. A highly geared company is one where there is a high proportion of debt to equity and can be considered a risky investment as there is a higher likelihood of the company being unable to pay its large debts
A person living in another country and culture, usually on a business assignment
The European Investment Bank (EIB) was set up in 1958 by the Treaty of Rome as the long term lending Bank of the European Union. The EIB lends money to the public and private sectors for projects of European interest
A type of contract typical of the offshore construction sector, which relates to the realization of a complex project where the global or main contractor (usually a construction company or a consortium) provides the engineering services, procurement of materials, construction of the system and its infrastructure, transport to site, installation and commissioning/preparatory activities to the start up of operations