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Eastern Europe

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 European Investment Bank to fund investment in Czech small- and medium- sized businesses (SMEs). CSOB plans to use the money...

#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


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…


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

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