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Eastern Europe

Banks target SME sector

The European Commission in a report last year criticised Central and Eastern European countries for the state of the small- and medium-size enterprise (SME) sector. "Good access to finance will be an especially big challenge for accessing countries" that will...

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…


SME confidence bounces back in January

Small- and medium-sized enterprises (SMEs) confidence was up two points to 46.7% in January, showing an unmistakable recovery from its…

#economy#inflation#investment


FDI growth slows in 2003

Foreign direct investment (FDI) in Lithuania rose 3% in 2003 to 13.6 billion litai (LTL), according to the Lithuanian Statistics…

#investment


Debt knell for Ceska Konsolidacni Agentura

Bohuslav Sobotka, the finance minister, says that the cabinet has approved the ministry’s proposal to wind up the state-owned debt-factoring…


Hansabankas appoints CEO of Hanza Lizingas

Andrius Urbonas, formerly the factoring director of Hanza Lizingas, a subsidiary of Hansabankas, is appointed as CEO of Hanza Lizingas.…

Polish factoring turnover rises in 2003, more expected in...

Turnover in Poland's budding factoring market grew almost 18% to Zloty 12bn in 2003, said officials at the industry's Factoring…

#bank#conference#exports

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