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Eastern Europe

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 set up required minimum guarantee funds by April 2007, under new amendments to the country's Law on Insurance. The minimum...

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


Factoring overcomes scarcity of bank loans in Czech Republic

Pietro Filipi, a Czech fashion firm started from scratch ten years ago has managed to become a trendsetter in the…


SME’s frustrations over bureaucracy and the ‘grey market’ rise...

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


Hansa Capital’s factoring market share increases to 51.4%

In a survey of 164 companies by Factors Chain International (FCI), Hansa Capital climbed nine places to number 43 in…

#international


Factors and other non-bank financial firms improve profitability by...

Hungarian financial enterprises other than banks posted a significant improvement in profitability last year, while the quality of their portfolios…

Ecostat report on latest business confidence survey

With continued global economic uncertainty, large Hungarian firms' optimism concerning the coming six-month period was scaled back in March, while…

#economy#exports#inflation

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