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Eastern Europe

SME lending projected to double this year

Small- and medium-sized enterprises (SME) will apply for far more loans than last year, according to a survey conducted by Hungary's second largest bank Kereskedelmi & Hitelbank (K+H), deputy chief executive of K+H, Laszlo Diosi, said on Wednesday (May 12)....

#bank#SME lending#SME loans

Why factoring could be about to take off in...

“Factoring in Romania is still at an early stage: the beginnings go back only to 1995 when one of the…


Phare to share out EUR 58 million among SMEs

A new EU accession country investment fund (Phare) launched on April 30, is ready to grant EUR 58 million to…


Medium-sized banks targeting medium-sized companies

Nordea Bank Polska, Raiffeisen Bank Polska, WestLB Bank Polska, and NordLB Polska, among others, all look poised to pursue more…

#bank#banks#Nordea


Polish small business owners assess future in EU

Now that Poland is part of the European Union, small businesses are worried they could be crowded out by large…


FDI in Bulgaria down by 60 per cent

Foreign direct investments (FDI) in Bulgaria have gone down by nearly 60.5 per cent over the first two months of…

#bank#investments#Two


Venture capital investments total 117 million euros in Hungary

Some 40 venture capital funds invested a total of Ђ117 million in Hungary in 33 transactions last year, according to…


Central Bank reduces key interest rates by 50 basis...

Slovakia's central bank NBS bank board reduced key interest rates by 50 basis points. The two–week repo-tender rate now stands…

#bank#inflation#interest


EU support for SMEs compensates for reduced government aid

According to the Czech Ministry of Industry and Trade (MIT), almost two million people are employed in small- and medium-sized…

#bank#guarantees#SME financing


Slovakia gets Skk 32,1 million of new FDI in...

New foreign direct investment (FDI) in Slovakia amounted to Skk32.1 billion (Ђ802.5 million) in 2003, down by Skk150 billion on…


MFB records HUF6.14bn net income in 2003 – new...

State-owned Hungarian Development Bank (MFB) recorded a net income of HUF6.14 bn (US$27.4 m) in 2003, according to the company's…

#bank#funding#interest rate


EBRD releases Ђ40 million to SMEs

The European Bank for Reconstruction and Development (EBRD) will release Ђ40 million for Bulgarian commercial banks to extend loans to…

FDI in Poland up to US$ 6.42 billion

Foreign companies invested US$ 6.42 billion in Poland last year. The fall in foreign direct investment (FDI) stopped in 2003.…

#bank#Deutsche Bank#investment

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