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Eastern Europe

Franfinance follows Pekao Leasing and tidies up its group

Franfinance Polska has changed its name to SG Equipment Leasing (Polska). "The main reason is our strategy which aims to unify the image of all leasing companies controlled by the French financial group Societe Generale in Europe," said Robert Samsel,...

#leasing#Societe generale

GMAC sees huge opportunity

GMAC Commercial Finance Group has begun operations in the Polish market. The company is offering its customers a record keeping…

#commercial finance#financial services#risk


Three banks launched a credit register

Slovakia's big three banks will launch on October 1 a credit register aimed at reducing the number of unpaid loans…

#banks


IFC to lend US$35 m to private Ukrainian businesses

The International Finance Corporation (IFC) plans to open credit facilities worth more than US$35m for private companies in Ukraine in…

#banks#international#Vice president


SMEDAN seeks UNDP support for SMEs

Small and Medium Enterprises Development Agency (SMEDAN), has reached agreement with the United Nations Development Programme (UNDP), in Nigeria for…

#bank#smes


Bulgaria FDI soars to EUR 1.34 B

Foreign direct investments in Bulgaria for the first seven months soared to Ђ1.34bn, up from Ђ795.6m year-on-year, the Bulgarian National…


New factoring company with ambitious plans enters Polish market

GMAC Commercial Finance is a new player in the Polish market of factoring services. The company plans to conquer one-third…

#commercial finance#insolvency#management


Factoring improves steelworks’ liquidity

After three quarters, Huta Ferrum steelworks is to present satisfactory results, says Jan Waszczak, the company's president. However, the company…

#bank#factoring contract#ING


Companies use increasingly efficient financial tools.

More and more Lithuanian firms use insurance of goods and currency fluctuation risks as a safeguard against possible losses while…

#bankruptcy#banks#insurance


Slovak EXIM Bank lowers base rate

EXIM Bank governor Ladislav Vaskovic has announced that the Slovak EXIM Bank has reduced its base rate for refinancing loans,…


US allocates US$ 40m to Ukraine to support small...

The US Overseas Private Investment Corporation allocated US$40m to Ukraine to support small- and medium-sized businesses (SMEs) and mortgage crediting…

#economy#investment#investments


Poland bucks trend for FDI inflows

According to the new UN Conference on Trade and Development (UNCTAD) report, "World Investment Report 2004: shift toward services," it…

Splitting of EGAP proposed

The Finance Ministry has proposed splitting Exportni garancni a pojistovaci spolecnost (EGAP) guarantee and insurance company into two parts for…

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