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Eastern Europe

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 obtained in the form of loans, capital investments accounted for SKK103.65 million, and SKK277.643 million was provided in grants. The...

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


Low share price sought for Banca Comerciala Romana’s staff

The Privatisation Authority's (APAPS) commission conducting the privatisation process of Banca Comerciala Romana has asked its legal consultant, Nestor&Nestor, to…


Central bank rate cuts surprise market

The Monetary Council of Hungary's central bank MNB decided to cut its base rate by 25 basis points to 12.25…

#bank#exports#international


New VAT rates to be applied from May 1

The Parliament adopted changes to the VAT law yesterday. According to the law, the reduced VAT rate of 5 per…

#interest#interest rates#leasing


Small businesses feel pinch

The Czech government had turned its back on small- and medium-sized enterprises (SMEs). The sector not only faces increased foreign…

#security#small businesses#smes

EBRD delegation to sign new agreements

A nine-member delegation of the European Bank for Reconstruction and Development (EBRD) Board of Directors are in Bulgaria to sign…

#bank#smes#Two

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