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Eastern Europe

SME rating agency enters pilot phase

Promising increased transparency and easier access to financing for small-and medium-sized businesses (SMEs), the Prague Chamber of Commerce, Czech Credit Bureau (CCB) and Ceskoslovenska Obchodni Banka (CSOB) announced the launch of the pilot phase for an SME rating agency last...

Ceska Sporitelna launches energy conservation loan programme

Savings bank Ceska Sporitelna is to launch a new money-lending programme Finesa that will provide loans to small- and medium-sized…

#bank#international#investment


Parliament overturns presidential veto on VAT

The Czech Chamber of Deputies (the lower house of parliament) overturned a veto by President Vaclav Klaus on Tuesday (23…

#Bill#VAT


EBRD and IFC plans for Banca Comerciala Romana restructuring

European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have prepared a restructuring plan for the…

#bank#financial institution#international


Deloitte & Touche aids SMEs to compete in EU...

Deloitte & Touche and consultancy Adwise, together with the Czech government trade agency CzechTrade, have launched a new programme aimed…


World Bank study at odds with FDI Confidence Index

Poland has jumped up the world league of countries that are attractive to foreign direct investment (FDI), according to AT…

#bank#bankruptcy#investment


Latvians vote 'yes' to EU membership

Latvia became the last of the EU's 10 applicant countries to approve membership of the union on Saturday (20 September)…


New tax rules unveiled

Following several weeks of fierce debate within the ruling coalition, the government has finalised its proposal for tax changes in…


Volksbank gets Ђ10m loan from EBRD

Osterreichische Volksbanken AG (OVAG) will grant a ten-year Ђ10m subordinated loan to its Hungarian subsidiary, financed by a loan from…


Foreign direct investment to shift away from EU accession...

Foreign direct investment (FDI) inflows into the transition economies of eastern Europe this year are expected to be similar to,…

#investment#investments#poland


Cabinet approves tax threshold changes

The Cabinet approved plans on Wednesday (17 September) to reduce company profit tax by 2% to 16% and to raise…


Global FDI confidence index shows Poland in 4th place

According to a report from global consulting company A.T. Kearney on the FDI (foreign direct investment) confidence index, the most…

#investment#investments#poland

HSBC faces uphill battle on local market

HSBC Bank Polska, the local subsidiary of the world's second-largest banking company, faces a number of tough hurdles in the…

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