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Eastern Europe

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 FATF meeting unanimously decided to remove Ukraine from the black list said Ukrainian President Leonid Kuchma. In December 2002, the...

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…


Banks target SME sector

The European Commission in a report last year criticised Central and Eastern European countries for the state of the small-…


EBRD and CEB lend 30m euros to support SMEs

CIB Bank, the Hungarian subsidiary of Italy's Banca Intesa Group, has received Ђ30m from the European Bank for Reconstruction and…

#Access to Finance#bank#European Commission


Businessmen's Association of Romania warns on EU joining costs

The Businessmen's Association of Romania (AOAR) warned Romanian companies that they would face very high costs resulting from the country's…

#funding#GDP#liquidity


BRE Leasing profit nearly doubles

Net profit of BRE Leasing increased to Zl3 million in 2003 compared to Zl1.6 m in 2002. Volume of new…

#bank#leasing


Trade to Norway soars

Romanian - Norwegian trade exchange continued to show growth last year and reached US$190 million, compared to US$170 million in…

#exports#trade


Serbian companies lack funds for financing export production

The main reason identified for the big foreign-trade deficit in the past year is the inability of companies to find…

#bank#guarantees#interest


New system of guarantees will satisfy more applicants

The main goal of the Slovak Guarantee and Development Bank (SGDB), Inc. this year is more capital issued to effectively…

#bank#banks#guarantee

New joint factoring venture announced

BZ WBK Faktor, owned by BZ WBK bank and Bibby Factors, the Polish unit of the UK’s Bibby group, will…

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