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Eastern Europe

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, according to the quarterly report on financial sectors of the State Supervision of Financial Institutions (PSZAF). The sector's profitability shows...

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


Planned Civil Code revamp will bring factoring contracts into...

As the first step in a process set to last several years, the government recently approved the main concept of…


Factoring becomes increasingly popular, market set to grow

In 2002, the total value of invoices purchased by companies engaged in factoring activities reached ZL10bn, compared to ZL8bn a…


Royal Bank of Scotland participates in US$31m bank loan...

A loan of US$30.9m loan has been granted by the European Bank for Reconstruction and Development (EBRD) to support the…


Government rescue of state firms “sacrifice SMEs” while Economy...

Criticism is levelled at the government by small- and medium-sized enterprise (SME) proprietors due to the methods employed to save…

#bankruptcy#economy#Jobs


SMEs struggle to access bank loans, claiming banks are...

For the past year and a half, the hottest topic at conferences and seminars held by banks has been the…

Hungarian Development Bank to lend HUF 50 billion to...

The state-owned Hungarian Development Bank (MFB) plans loan programmes worth HUF 245 billion in 2003-2004, MFB CEO Janos Eros announced.…

#bank#guarantee#SME financing

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