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Eastern Europe

Factor to be listed on Warsaw Stock Exchange

A Silesian factor is planning its debut on the Warsaw Stock Exchange (WSE). "We will be the first factoring company listed on the WSE. We are planning to go public in order to raise our credibility.” said Henryk Herman, chairman...

Interest rate hike surprises market

The Monetary Policy Council (RPP) has increased interest rates by 50 basis points - twice as much as the market…

#i#inflation#interest rate


SME industry expands

The role of the small- and medium-sized enterprises (SMEs) sector in the Bulgarian economy is growing, the chairman of the…

#banks#economy#guarantees


Bulgaria's base interest rate falls

The base interest rate in Bulgaria has been reduced to 2.40 per cent – a decrease of 40 basis points,…

#bank#interest#interest rate


Foreign investment in first six months

In the first half of 2004, a total Ђ422m was invested by foreign companies in Hungary through the Hungarian Investment…

#3M#investment#trade


Metal trader secures factoring deal

Leman Ukraine, the Kiev-based metal trader, has secured a factoring deal worth UAH 8.5m. Ukrsotsbank, the Ukrainian bank, will provide…


Young leasing company reports 2004 portfolio growth

The leasing portfolio of one of the youngest leasing companies in Latvia, NORD/LB Lizings, has reached LVL 6.7 million (Ђ10.1m),…


Factoring Slovenskej Sporitelne first half results

Factoring Slovenskej Sporitelne (Factoring SLSP) reported a turnover of Skk5,188 bn (Ђ129.8m) in H1 of 2004. Its share of total…

#interest


Base rate cut by 50bps

The Monetary Council of the National Bank of Hungary Rt (MNB) has cut the central bank base rate by 50…

#bank#inflation#international


Bank to offer SMEs wider credit options

BRD - Groupe Societe Generale, the Romanian-French banking group, said it would grant small and medium-sized enterprises (SMEs) leu and…


Over SKK1.7bn distributed to support SMEs

The Labor, Social Affairs and Family Center (UPSVR) distributed altogether SKK1.738 bn last year as a non refundable subsidy for…

#smes


Small businesses get major banking boost from EU Guarantee...

State bank Bank Gospodarstwa Krajowego (BGK) is launching the EU Guarantee Fund (FPU) which will eventually have a capital of…

NBU forecasts FDI to exceed $2bn in 2004

According to the Finance Ministry's calculations, payments to reimburse foreign state debt of Ukraine will be covered from new borrowings…

#bank#economy#international

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