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Eastern Europe

National Bank raises base rate by 3%

The National Bank of Hungary (MNB) raised the base rate, which is equal to the key two-week depo rate, by 300 basis points from 9.5% to 12.5% on Friday morning. The base rate has not been this high since the...

Banks and government hammering out cooperation on EU project...

Government representatives announced last week that intense negotiations were under way with all the major Czech banks to provide low-cost…

#banks#Clear#funding


Leasing activities boost leading bank’s nine-month bottom lines

Leasing is a growing activity and has helped leading banks compensate for continuously shrivelling lending margins, according to recently released…

#bank#banks#Boost


Prague forum on financing SMEs in December

After years of focusing on less profitable corporate clientele, small- and medium sized enterprises (SMEs) are now all the rage…


Canada and Hungary sign agreement to cooperate on exports

Deputy chairman in charge of international markets at Export Development Canada (EDC) Henri Souquieres, head of the Central Europe department…

#exports#international#management


Planned merger to leave single financial market overseer

The four bodies currently overseeing the Czech financial market will gradually merge over the coming years, resulting in one institution…


EBRD report upbeat about economy but criticizes bankruptcy laws

The European Bank for Reconstruction and Development (EBRD) has identified flaws in the legal framework for business and the bankruptcy…

#bank#bankruptcy#insolvency


Central bank hikes intervention rate

Romania’s central bank board has decided to increase by one percentage point to 21.25 per cent its intervention rate in…


Changes in Hungary’s venture capital scene

The president of the Hungarian Venture Capital and Private Equity Association (HVCA) Juliбn Tzvetkov, says he expects fundamental changes in…

#bank#banks#conference


Direct foreign investments grow about 63.3%

Direct foreign investments (DFI) in Ukraine grew by 63.3% ($741.6m) in January-September, the State Statistics Committee announced. The total volume…


Latvia's factoring and leasing association members’ portfolio up 10%...

According to association data, factoring portfolio of the association members as at 1 October was 33.5 million lats, down 7…


Taxing proposals for ex-pats

Central European governments are rightly betting that slashing their base corporate tax rates will attract more direct foreign investment (FDI).…

#GDP#investment#poland

CSOB Leasing leading market

CSOB Leasing, a leader on the Czech leasing market last year, signed contracts with a total value of 10.1 billion…

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