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Eastern Europe

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 country, said Erste's chief executive officer Andreas Treichl. "We have strengthened our position in financial services for small- and medium-sized...

#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


Investors look at Romania

Romania jumped from below the top 25 to become the 17th most attractive market for European investors according to an…

#acquisition#emerging markets#management


Leading economic experts speak on the impact of next...

Next year will see a cut in the corporate income tax (CIT) from 27 per cent to 19 per cent,…

#bank#CIT#insolvency


FDI in Czech Republic to reach US$4bn in 2003

The Czech Republic is on target to attract foreign direct investment (FDI) amounting to some US$4 billion (CZK 110 billion)…


World Bank to lend Ukraine private sector $30 m

The World Bank will lend Ukraine $30 million for the first stage of its private sector development program in the…

#bank#World Bank


Parliament approves corporate tax cut to 24 % by...

An amendment passed by the Czech parliament will cut corporate income tax from 31 % to 24 % by the…

#Bill

Poll shows environment worsening for SMEs; access to bank...

The Czech business environment is increasingly confusing, corruption among government clerks is growing and the work of the courts is…

#bank#banks#guarantees

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