At the Twenty-Seventh Party Congress in 1986, perestroika, Mikhail Gorbachev's program of economic, political, and social restructuring, became the unintended catalyst for dismantling what had taken nearly three-quarters of a century to erect: the Marxist-Leninist-Stalinist totalitarian state. Now this has all changed and perestroika has hit the asset-based finance industry in the guise of the inaugural East European Factoring Association (EEFA) meeting.
The conference was organised by Nikoil IBG Bank and co-sponsored by HPD Software. Delegates from 17 different countries were present, with UK attendees including representatives of Baird-Hilton, Bibby Factors, Eurofactor, HPD Software, Lloyds TSB/Alex Lawrie and Wildes
