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Eastern Europe

VAT rules to change on 1 May 2004

A slew of changes to the law on value-added tax are being passed by Parliament. Among these are: An easing of the cash flow burden posed by VAT on intra-community trade and imports from outside the EU; a hike in...

#cash-flow#exporters#regulation

Polish unit of Raiffeisen sees 2003 profits leap, SME...

Raiffeisen Bank Polska, the Polish subsidiary of the Austrian bank, used 2003 as a chance to build out its business…

#bank#management#Raiffeisen


CEDB signs EUR 20 million agreement for SMEs financing

The Council of Europe Development Bank (CEDB) and Raiffeisenbank - Bulgaria signed Ђ20 million framework agreement for financing small- and…

#bank#Boost#interest rates


FDI to Bulgaria up 50%

Direct foreign investments (FDI) to Bulgaria jumped by 50.4 per cent reaching BGN 1360.7 million in 2003 as compared to…

#Bill#investments


SME confidence on the rise in February

Ecostat's poll of Hungarian SMEs showed that pessimists outnumber optimists with regard to both their own situation (by 38% to…

#economy#exports#GDP


Lithuania's leasing portfolio may grow by 30 per cent...

In the past four years, Lithuania's leasing market has expanded at a rate of about 50 - 60 per cent…

#banks#leasing#Nord/LB


Factoring and leasing portfolio up 16.6 per cent in...

The factoring and leasing portfolio of the members of the Latvian Lessors’ association grew 16.6 per cent, to LVL332 million…

#banks#leasing#Nordea


Slovak Eximbank supported exports worth SKK 55 billion in...

Slovak Eximbank supported Slovak exports worth over SKK55 billion (Ђ1.36bn) in 2003. According to preliminary data, one third of supported…


FATF drops Ukraine from money laundering black list

The Financial Action Task Force on Money Laundering (FATF) has omitted Ukraine from its black list of non-cooperative countries. Full-scale…


Bank Millenium sign purchase agreement

The management board of Warsaw-based Forin Sp. z o.o. has announced that following the signing of an agreement on 6…


Hungary brings in 1.49 billion euros in FDI in...

Hungary attracted Ђ1.494 billion in foreign direct investment (FDI) in 2003, according to preliminary figures released by central bank (MNB).…

#bank#economy#exports


Profit of Unibanka at LVL 13.3 million in 2003

Latvijas Unibanka achieved a profit of LVL 13.309 million in 2003, down 2 per cent from 2002 when it reached…

Hansabankas profit up 21.6 per cent

Lithuania's Hansabankas earned a net profit of LTL 61 million last year, up 21.6 per cent from LTL 50.1 million…

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