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Eastern Europe

Leasing companies set up credit history register

Seven Czech leasing companies are working on launching their own client register following in the footsteps of five Czech banks that have pooled client information to check the credit history of potential customers. The project is still in a very...

CNB to require banks to create mandatory minimum reserves

The Czech National Bank's (CNB) decision to require banks to create mandatory minimum reserves as of November 6 will create…

#bank#banks


FDI inflows increase to record US$9.3 bn in 2002

Foreign direct investment (FDI) inflows amounted to a record US$ 9.3bn in the Czech Republic last year, which is the…


EU accession could prove fatal for many SMEs

Government trade agency CzechTrade, Deloitte & Touche (D&T) and consultancy Adwise have unveiled a new programme designed to provide exporters…

#conference#exporters#international


New grant programmes available for industry and tourism SMEs

Applications can now be made for two new grant schemes for industry and tourism development totalling Ђ4.4m and Ђ5.5m respectively.…


EBRD lends US$33 million for SME financing

The European Bank for Reconstruction and Development (EBRD) has disbursed US$33 million to Ukraine as a second tranche on a…


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…

#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,…

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