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Eastern Europe

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 2004. This is far from being the only important change for taxpayers. Among other important changes that appeared in the...

#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…


Minister confirms that PKO BP-PZU capital merger is on

State Treasury Minister, Piotr Czyїewski, has confirmed earlier rumours in the press concerning plans for a capital merger between the…

#bank#insurance


Study predicts adoption of Euro in 2009/2010

The Czech economy should adopt the euro in 2009-2010, says a document compiled jointly by Czech National Bank (CNB) and…

#bank#economy


Finance Ministry: corporate tax rate unlikely to fall beyond...

No additional cuts in the corporate tax rate are likely beyond the government's current plan to reduce the rate from…

#forum#investment


Serbia to host SME conference

The Serbian Ministry of Economy and Privatisation will organise the first international conference entitled Small and Medium-Sized Enterprises - New…

#bank#conference#international


Monetary Policy Council cuts mandatory reserve rate to 3.5%

The Monetary Policy Council (MPC) has cut banks' mandatory reserve level from 4.5% to 3.5%. The reduction of mandatory reserves…

Dr Kбroly Martinkу announces launch of AKKORD VF receivables...

A new Hungarian receivables finance company, AKKORD VF Venture Finance, has been launched by Dr Kбroly Martinkу. Until last January…

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