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Eastern Europe

Eurofaktor aims to double profit in 2004; seeks a...

Eurofaktor, a factoring company, is planning to purchase invoices worth over ZL1bn and to make a ZL6m profit in 2004. According to preliminary data, in 2003 the company made approximately ZL3m in net profit. The company purchased invoices worth ZL550m,...

#SAFE#WHO

World Bank launches Small Grants Programme

The World Bank Sofia Office has announced the start of its Small Grants Programme 2004 in Bulgaria. The Small Grants…

#bank#World Bank


Government adopts programme to fight money laundering

The Ukrainian government and the National Bank have endorsed a programme for 2004 on fighting the legalisation of income obtained…

#bank#guarantee#international


An interview with Mr. Miroslav Bernat, CEO of VUB...

VUB Bank – a member of Gruppo Banca Intesa – through its subsidiary VUB Factoring, has been providing its clients…

#bank#cash-flow#debt collection


SMEs per capita rising

The number of small- and medium-sized enterprises (SMEs) per capita in Bulgaria is close to that in the countries from…


New EBRD euro 20 million credit line

The European Bank for reconstruction and Development (EBRD) and Budapest Lizing Rt have signed a contract on a Ђ20 million…


Inflow of FDI expected to top US$1.6bn

The Bulgarian Foreign Investment Agency (BFIA) expects the inflow of foreign investments in Bulgaria in 2004 to exceed 1,600 million…


Leasing companies show very good results in 2003

Leasing companies enjoyed a boom last year as the value of assets leased in 2003 exceeded Ђ2.1 billion, a 30%…

#exporters#interest#interest rates


Taxes in Slovakia attractive for investors

A new analysis by Ernst & Young showed that Slovakia's taxes for companies are among the lowest in the V4…

#poland


SMEs to get a slice of the first syndicated...

The European Bank for Reconstruction and Development (EBRD) will lead the first syndicated loan granted to Bosnia and Hercegovina (BiH),…

#bank#funding#Raiffeisen


Government to give 200m Dinara for financing SME’s

The Serbian Government has decided that 200 million dinara (US$3.48 million) will be transferred from the funds obtained from the…

#smes


Rate cut surprises market

The National Bank of Slovakia (NBS) has staged a surprise 25 basis point rate cut after announcing that high headline…

Small enterprises allocated 42 million Leva in 2003

Credits of more than 42 m Bulgarian Leva were allocated to small enterprises under the Social Ministry's "Guarantee Fund for…

#guarantee#Jobs

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