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Eastern Europe

The National Bank of Belarus cuts 1% off refinancing...

The National Bank of Belarus will lower its refinancing rate to 28 per cent from 29 per cent on October 22, the bank said in a press release. The decision is based on actual and forecast inflation rates for 2003....

#bank#inflation

EBRD supports small business in Romania

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have released Ђ5m to Microfinance Bank MIRO,…

#bank#international#microfinance


Informal talks started concerning ERM II membership

According to the governor of the Hungarian National Bank (MNB), the MNB and the European Central Bank (ECB) have started…


State-owned credit insurer may get exclusive rights

The state-run credit insurance company Lietuvos Eksporto ir Importo Draudimas (LEID), the Lithuanian Export-Import Insurance Company, is to be sold…


Adoption of Euro in 2009-2010

The government yesterday approved a strategy for adopting the euro in 2009 or 2010. The prerequisites for the transfer to…

#bank


Lбnchнd Factoring Programme launched by Ministry of Economic Affairs...

The Lбnchнd (meaning chain bridge) Factoring Programme, a new subsidy scheme created by the Ministry of Economic Affairs and Transport,…

#banks#BCR Publishing#i


Factoring to attract VAT in amendments to Act

A VAT Act amendment has passed into law that will increase VAT rates for selected services as of 1 January…

#debt collection#financial services#receivables


EBRD grants Alpha Bank Romania loan facility for SMEs...

The European Bank for Reconstruction and Development (EBRD) has granted a Ђ10 million loan facility to the Alpha Bank Romania…


Central Bank leaves rates unchanged

Yesterday the monetary council of the National Bank of Hungary left the central bank base rate, which equals the key…


Credit bureau to set up new registers

The Czech Credit Bureau (CCB), the company in charge of a privately run register of the credit risk of individuals…


Rushed euro adoption risky

Rushed adoption of the European single currency by the Czech Republic would be risky for the economy, which could suffer…


SGDB sells its share in VUB Factoring for a...

The Slovak Guarantee and Development Bank (SGDB) is selling its 1.3 % share in VUB Factoring Inc. to VUB Bank…

#bank#guarantee

CSOB Leasing becomes a market leader in first half

CSOB Leasing Inc. became a leader in leased volume, according to Leasing Companies Association achieving a market share 16.9% in…

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