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Eastern Europe

Atradius opens branch in the Czech Republic

Atardius started operating officially in the Czech Republic yesterday. “We see enormous growth potential on the Czech market as the Czech Republic joins the European Union on 1 May. In the European Union, 14% of trade flows are credit insured...

#Atradius#bank#Deutsche Bank

National Bank cuts interest rate

The National Bank of Hungary (MNB) cut its benchmark interest rate to 12 per cent, down from 12.25 per cent,…

#bank#European Commission#GDP


Parex Bankas forecasts falling profits; will focus on SMEs...

Latvian-controlled Parex Bankas projects a LTL 4.9 million (Ђ1.4m) profit this year, a 19 per cent drop from LTL 6…

#bank#smes


Raiffeisen Bank deal for SMEs

Raiffeisen Bank and the European Investment Fund (EIF) have signed a Ђ40m accord to guarantee loans for Romanian small- and…


Government creates programme to support SMEs

The ministry of economics and organizations has elaborated a new programme for the development of small- and medium-sized enterprises (SMEs).…


SMEs drew support of SKK3.042 billion

Small- and medium-sized enterprises (SMEs) obtained financial assistance totalling SKK3.042 billion over the second half of 2003. SKK2.215 billion was…


MNB cuts rate as government trims spending

Hungary's central bank (MNB) unexpectedly cut its benchmark interest rate a quarter-point, reducing borrowing costs for the second time in…

#bank#Boost#interest


FDI stock 31 billion euros

Total foreign direct investment (FDI) stock in Hungary has reached Ђ31 billion, says MNB’s managing director. Central Bank, MNB recalculated…

#bank#GDP#investment


Business confidence improves among SMEs

Perceiving a global recovery Hungarian firms are more optimistic regarding their business prospects and the country's economic situation in the…


MTB takes out 10 billion euro loan for SMEs

Magyar Takarйkszцvetkezeti Bank Rt (MTB) signed a deal with Kreditanstalt fьr Wiederaufbau (KfW), the German development bank, to take out…

#bank#investment#investments


MNB cuts its benchmark interest rate

The National Bank of Hungary (MNB) unexpectedly cut its benchmark interest rate a quarter percentage point. The Monetary Council lowered…

#bank#GDP#inflation


Austria's Oberbank enters the Czech SME banking market

Austria's Oberbank will be the first bank to enter the Czech market after the country joins the European Union. The…

#bank#First Bank#smes

FDI inflow slows in January

The inflow of foreign direct investment (FDI) in Bulgaria for January 2004 totalled US$ 39.5 million (0.2 per cent of…

#GDP#investment

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