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Eastern Europe

British and Austrian banks and insurers to open affiliates...

Seven banks and insurance companies have expressed interest in opening an affiliate company in Latvia. The companies comprise three from Austria and four from the UK. One is a bank and six are insurance companies, according to the Latvian financial...

#bank#banks#insurance

New factor enters market

HVB Factoring Ltd., a daughter company of HVB Bank Slovakia, will launch its business activities in the Slovak Republic in…

#bank#banks#interest


Sampo Bank to offer free consultation on EU structural...

Sampo Bank in Lithuania will provide free consultation to private and public companies seeking assistance from EU structural funds. The…


SME Act sets turnover limits below EC guidelines

Bulgaria has defined small enterprises as companies with annual turnover of up to BGN 5m (Ђ2.5m). Companies with annual turnover…


Polish leasing firm EFL reports record increase in leased...

Poland's leading leasing company Europejski Fundusz Leasingowy (EFL), the local unit of French banking giant Credit Agricole, had a stellar…


New credit line opens finance options for SMEs

Slovakia’s small- and medium-sized enterprises (SMEs) could be on the receiving end of Ђ10m in new credit because of a…

#bank#cash-flow#interest rate


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…

#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…

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