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Eastern Europe

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 Inc. for 1 crown (Skk). The sale was approved by the general assembly of SGDB on 29 September. The price...

#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…


Poland sees US$ 2.53 bn in FDI

Poland saw foreign direct investment (FDI) of US$ 2.53 bn in the first half of 2003 against US$ 3.2 bn…


Foreign investment inflow reaches Kc 1.27 trillion

The Czech Republic has attracted foreign investment worth Kc1.27 trillion (Kc127,000 per capita) the largest amount in central and eastern…


Parliament approves gradual decrease in corporate income tax

The Chamber of Deputies, the Czech lower house of parliament, has approved an amendment to the income tax cutting corporate…


Banca Comerciala Romana privatisation to be completed in 2006

The privatisation process of Romania’s largest commercial bank Banca Comerciala Romana will be completed by 2006 once the government has…

#bank#IMF#memorandum of understanding

FDI in Slovakia rises 12.5 per cent in first...

Foreign direct investment (FDI) in Slovakia rose in the first half of 2003 by 15.2 per cent year-on-year to Sk20.838…

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