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Eastern Europe

Poland entices banks to finance EU programmes for SMEs

Poland has lured the nation's banks to finance pre-payments on EU programmes in return for a series of key legal changes, which should significantly boost banking sector bottom lines. Poland is prepared to loosen rules on bad loan provisioning and...

#bank#banks#guarantees

Foreign investments grew to US$202 million in Q1

Foreign direct investments (FDI) in Bulgaria over the first three months of 2003 mounted to some $US 202 million, as…

#exports#investments


OB Heller Factoring and CSOB Leasing report Q3 results

OB Heller Factoring of the financial group CSOB achieved a turnover of Skk3,917 billion for the first nine months of…

#bank#KBC#leasing


Restructuring plan for Banca Comerciala Romana

The European Bank for Reconstruction and Development (EBRD) board has approved the memorandum of understanding (MOU) on the joint takeover…


Corporate tax to decrease revised to 20% in 2005

The Finance Ministry of Bulgaria has revised its plans to set corporate profit tax at 15% starting from 2005 and…

#GDP


Hermes to raise stake in Lietuvos Draudimo Kredito Draudimas...

Germany's Euler Hermes Versicherungsbeteiligungen, one of the leading credit insurance companies in Europe, is set raise its shareholding in Lietuvos…


Euler Hermes eyes large business potential in Romania

The Euler Hermes Group has decided to offer credit insurance services in Romania in cooperation with Allianz-Tiriac insurance company in…


EBRD adopts new strategy for Hungary, includes significant support...

The European Bank for Reconstruction and Development (EBRD) has adopted a new strategy to support the strengthening of Hungary's economy…


EBRD to invest 300 million in Hungary this year

The European Bank for Reconstruction and Development (EBRD) will invest a total of Ђ300m in Hungary this year, according to…

#bank#conference#export credit insurance


EBRD to invest up to 150 million euros in...

The European Bank for Reconstruction and Development (EBRD) will invest between Ђ120m and Ђ150m (SKK 4.97bn - SKK 6.21bn) in…

#Allianz#bank#economy


KfW lends 2.6 million euros to Ukrainian bank to...

Kreditanstalt fuer Wiederaufbau (KfW) of Germany has allocated a Ђ2.6 million loan to Ukreximbank, one of Ukraine's biggest banks, as…


BVK and AKKORD VF launch subsidised factoring programme

A new business-development financing programme for micro and small companies has been launched by the Budapest Foundation for Enterprise Promotion…

World Bank approve $3bn aid for economic growth and...

The World Bank board have approved an aid strategy for Ukraine in 2004-2007, envisaging loans of up to $3 billion,…

#bank#trade#World Bank

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