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Eastern Europe

EBRD leads first syndicated loan

Bosnia and Herzegovina received on Wednesday its first syndicated loan, which would introduce international commercial banks to the country’s banking sector, an area they have previously been reluctant to consider for investment. The EBRD-led syndication, which was oversubscribed, will lend...

#American Express#bank#international

New general director for Bibby Factors Polska

Bibby Factors Polska Sp. zo.o. has announced that effective 1 January 2004 Krzysztof Kuniewicz will take up his appointment as…

#management#poland#WHO


Corporate finance launch international network

Seven independent financial advisory firms operating in nine Central East European countries are scheduled to sign an agreement on forming…


Hausner looks to a stronger zloty to ease budget...

Economy Minister Jerzy Hausner said that next year's budget deficit will be zl. 3 billion lower than expected. He added…

#economy#inflation


Economic shock therapy pays off in new prosperity

Estonia is the economic wunderkind of the accession states. It’s a decade since the Baltic country decided to put itself…

#bank#IMF#Paid


Bank Pekao takes next step in consolidating its leasing...

Bank Pekao has increased the capital of Leasing Fabryczny by zl. 15.7 million (US$4.2m), which now stands at zl. 28.1…


Erste Bank considers bank takeover in southern Poland

Erste Bank is considering a takeover of a Polish bank with a good position in the southern parts of the…

#bank#financial services#poland


October trade deficit soars

The trade deficit soared to US$674.2m in October from September's US$417.6m, as imports grew at a much faster pace than…


Venture capitalists query MFB investment strategy

As the Hungarian Development Bank Rt (MFB) steps up its venture capital activities, fund managers have recently had misgivings about…


EBRD to lend under mortgage projects in Ukraine SMEs...

The European Bank for Reconstruction and Development is going to begin lending under mortgage projects in the Ukraine next year,…


EIB grants EUR 50 million facility to MFB

The European Investment Bank (EIB) has signed an agreement with the state-owned Hungarian Development Bank (MFB) on a Ђ50 million…


CSOB obtains EIB loan for business investment

Ceskoslovenska Obchodni Banka (CSOB) and its subsidiary CSOB Leasing have received a loan of Ђ50m (CZK 1.6 bn) from the…

#bank#investment#leasing

KBC raises stake in insurer Warta

Belgian KBC Insurance raised its stake in Polish insurer Warta from 40.03% to 51.03%. The increase in the shareholding fits…

#bank#insurance#KBC

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