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As the first step in a process set to last several years, the government recently approved the main concept of modifying Hungary’s Civil Code, which provides guidelines for the business relationship between companies and private individuals. One planned major change...
In 2002, the total value of invoices purchased by companies engaged in factoring activities reached ZL10bn, compared to ZL8bn a…
A loan of US$30.9m loan has been granted by the European Bank for Reconstruction and Development (EBRD) to support the…
Criticism is levelled at the government by small- and medium-sized enterprise (SME) proprietors due to the methods employed to save…
#bankruptcy#economy#Jobs
For the past year and a half, the hottest topic at conferences and seminars held by banks has been the…
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
Pietro Filipi, a Czech fashion firm started from scratch ten years ago has managed to become a trendsetter in the…
In the first, frothy years of Poland's post-communist transformation, more than a million small businesses set up shop, selling everything…
#GDP#small businesses#smes
In a survey of 164 companies by Factors Chain International (FCI), Hansa Capital climbed nine places to number 43 in…
#international
Hungarian financial enterprises other than banks posted a significant improvement in profitability last year, while the quality of their portfolios…
With continued global economic uncertainty, large Hungarian firms' optimism concerning the coming six-month period was scaled back in March, while…
#economy#exports#inflation
Snoras, Lithuania's fourth-biggest commercial bank, posted an audited net profit of 10.55m litas(Ђ3.057 m)for 2002, compared to 4.51 m litas…
#3M#bank#financial services
Hebros Bank completed the first stage of their national education campaign about bank credit financing offered to small- and medium-sized…