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Eastern Europe

Coface gets licence to sell credit insurance in Poland

The Coface group has obtained a licence to deliver insurance products in Poland. It will be opening a domestic and export credit insurance branch there in the near future via its Austrian subsidiary ЦKV Coface. The new branch will permit...

Banca Comerciala Romana achieve 180% increase in factoring volume...

Banca Comerciala Romana (BCR), the country’s largest state-owned bank and leader in the Romanian factoring market, recorded in the first…

#bank#international#Unicredit


New finance programmes to aid SMEs announced by the...

The government will supplement the loan programme of its Europe Plan with new programmes to aid small- and medium-sized enterprises…


Government to channel bank reserves money into guarantee funds

The government has initiated a project aimed at helping small- and medium-sized enterprises (SMEs) by revoking income tax on released…

#bank#banks#guarantee


Fortis, Forin factors and BPH PBK in joint credit...

The well-known juice producer Hortex has obtained credit totalling ZL85 million. The creditors are BPH PBK, Fortis Bank and factoring…


Credit insurance in Poland – world's largest players enter

The European giants of merchant credit insurance, Coface and Gerling NCM, are increasingly interested in the Polish market. Coface plans…


Banking sector profitability rises 40.4% in Q1, factoring and...

The Hungarian banking sector's combined pre-tax profit rose 40.4% in the first quarter of this year to HUF 58.7 billion,…


Small firms dominate economy but struggle with a lack...

Small enterprises dominate the Polish economy, constituting more than 99% of all active companies. According to a report on the…


Pekao looks to increase its penetration in SME sector...

Poland's biggest non state-owned bank, Pekao SA, has pledged that its shareholders may expect some good financial results after the…


Romania/Bulgaria fund for SMEs

The European Bank for Reconstruction and Development (EBRD) has launched a private equity growth fund for small- and medium-sized companies…


European Bank for Reconstruction and Development issues report on...

Bosnia and Hercegovina (BiH) has made significant strides towards establishing a market economy, but a great deal remains to be…


Minimum capital, guarantee fund requirements for insurers raised

Lithuanian insurance companies will have to increase their authorised capital to at least Ђ1 million by July 2005 and to…

SME sector as the driving force behind economic growth

Serbian Assistant Minister of Economy and Privatisation, Blagoje Paunovic, said as part of the Strategy for the Development of Small…

#banks#economic recovery#guarantee

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