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Eastern Europe

Prime Minister vows to put in place 19% tax...

Polish Prime Minister Leszek Miller voiced his full support for a business lobby initiative to reduce the income tax on individuals running their own businesses to the 19% that will be effective for corporations in 2004. To do so, the...

#Bill#small business#small businesses

Survey of bank use by SMEs reveals credit expensive...

The Warsaw Banking Institute (WIB) and the CBM Indicator brokerage undertook a survey of bank use among small- and medium-sized…


Business investment declines but is expected to rise again

Polish companies' aggregate investment levels continued to decline in the first six months of 2003, dropping 2.2% to PLN 21.8…

#investment#investments#poland


Interest-rate on hold as growth picks up

Poland's rate-setting Monetary Policy Council (RPP) opted on Wednesday (27 August) to keep official borrowing costs on hold for a…


Hansa's Lithuanian leasing and factoring arm passes into Hansabankas'...

An agreement between Hansabankas of Lithuania and AS Hansa Capital that came into effect on 18 August 2003 transferred the…

#funding#leasing


New financing line for SMEs

The Agency for Small and Medium Enterprises (SMEs) and Banca Commerciala Romana (BCR) signed a contract for a new financing…

#Paid#smes#WHO


Forced administration on Union pojistovna insurer, Prague

The Finance Ministry imposed forced administration on the Union pojistovna (UP) insurer in order to protect clients' interests. Union pojistovna,…


Non-reimbursable loans for SMEs in the second phase of...

The second appeal for recommendations of projects within the non-reimbursable financing plan for small- and medium-size enterprises (SMEs) was launched…

#European Commission#Jobs#smes


KUKE negotiates increased guarantee limits

The Export Credit Insurance Corporation (KUKE), a joint stock company, wants to increase the guarantees limit on behalf of the…


Slovak business confidence down in July

Businesses confidence in Slovakia’s economy dropped in July, when the business confidence index fell 2 points from +8 points in…

#economy


Central Bank increases by 1% the rate of intervention...

Romania’s Central Bank (BNR) decided to increase by 1% - to 19.25 from 18.25 - BNR’s rate of the intervention…

#bank#banks#guarantee


National Bank to keep discount rate at 7% in...

Arsen Yatsenyuk, first deputy chairman announced that The National Bank of Ukraine (NBU) plans to leave its discount rate at…

#bank#inflation

Central bank’s surprise interest rate cut

The Czech National Bank (CNB) surprised the market with another 25 bp rate cut. The CNB's board decided to cut…

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