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Eastern Europe

‘Flawed economic policies’ that are damaging SMEs and big...

According to Samoobrona (Self-defence) leader Andrzej Lepper, farmers’ protests have been caused by improper financial policy. "SMEs are going bankrupt, big plants are going bankrupt, unemployment rate is going up, people in some plants have not been paid for months...

#Paid#poland#smes

Leading Latvian factor stays on top

The leasing and factoring portfolio of Latvia's Hanza Lizings company gained 31 percent last year to 167 million lats, holding…


Baltic’s leading factor posts 43m euros profit in 2002

Hansa Capital Group's net profit totalled 43.8m euros and financial investments reached 1,172m euros in 2002. Hansapank said the group…

#3M#interest#investments


Latvian factor intentionally cuts market share

Unilizings leasing and factoring company, owned by Latvian Unibanka, last year earned a profit of 2.53m lats (EUR 4.03m), up…


Dutch giant adds factoring to its services

In a bid to add debt purchasing and surveillance to its local service portfolio, Dutch debt collecting giant Intrum Justitia…

#debt collection#i#management


Factoring company plans 30 per cent leasing portfolio growth...

Hanza Lizings leasing and factoring company expects 30 percent leasing portfolio growth this year, company director Artis Birkmanis told reporters.…


KUKE Insures Over ZL1bn Worth of Exports

KUKE (Korporacja Ubezpieczen Kredytow Eksportowych), the Polish export credit insurance agency (ECA), has been observing increased interest in insurance of…


Fortis Bank and EBRD in SME initiative

Fortis Bank, in co-operation with the European Bank for Reconstruction and Development (EBRD), will launch a programme aimed at helping…


Minister announces package to reverse SME decline

Economy Minister Jacek Piechota has announced that a second legislative package will be issued this year to promote small and…


Businesses to book bad debt as cost to cut...

Some 36,000 companies have reported their intention to book bad debts totalling ZL5.7bn as costs in order to reduce their…

#bad debts#Bill#receivables


Factoring and leasing flourishes in Latvia

The aggregate leasing and factoring portfolio of members of the Latvian Leasing Provider Association (LLPA) reached 259.5 million lats in…


Economy Ministry at work on more radical package for...

The Economy Ministry is preparing to launch a new program of initiatives designed to support small and medium sized enterprises…

#economy#GDP#poland

Polish factor seeks strategic investor

In November, the Eurofaktor factoring company will increase its capital to ZL30m, with new stock to be taken over by…

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