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Eastern Europe

Central bank lowers intervention rate

Romania’s central bank board has decided to lower its intervention rate by 0.06 percentage points to 20.19% in a move to control inflation. “The measure is in line with the central bank’s strategy drafted in early August aiming to lead...

#bank#inflation#trade

Only one bidder for Konzumbank

The sole offer for Konzumbank, made by the Hungarian Foreign Trade Bank Rt (MKB), was unanimously accepted by the board…

#bank#interest#smes


Factoring portfolio soars 39% in 9 months

The aggregate factoring portfolio of the members of the Lithuanian Leasing Association (LLA) grew by 39.1 per cent during the…

#factoring statistics#international#international factoring


Slovakia to introduces tax reforms in 2004

From January 2004 the corporate tax will decrease to 19%. Currently, employees and self-employed pay progressive taxes between 10% and…

#Bill#GDP#VAT


Community Habitat Finance Romania a competitor for local SMEs...

Community Habitat Finance (CHF), the Romanian branch of Community Habitat Finance International - a nonprofit American organisation, launched a finance…


EBRD to allocate US$10 m for agribusiness to Ukraine...

The EBRD has confirmed the participation of Kyiv-based Ukrsotsbank in a funding program for agro- traders and producers with grain…


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…

#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…

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