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Eastern Europe

New EBRD credit line for on-lending to SMEs in...

The European Bank for Reconstruction and Development (EBRD) has increased the availability of financing to MSMEs in Serbia with a €30 million credit line to ProCredit Bank Serbia. (more…)

#bank#economy#smes

Lithuanian short-term export-credit insurance scheme receives commission approval

The European Commission has found a Lithuanian short-term export credit insurance scheme to be in line with EU state aid…

#European Commission#export credit insurance#exporters


EIF grants loan guarantees to Unicredit

The European Investment Fund (EIF) and UniCredit Tiriac Bank S.A. have signed a guarantee agreement under the Joint European Resources…

#bank#EIF#guarantees


FYRM uses factoring to stimulate export

The Former Yugoslavian Republic of Macedonia s (FYRM) Vice Premier has outlined the government's policies for financing export. (more…)

#bank#exporters#guarantee


GE Capital sets-up new factoring business in Poland

GE Capital, a provider of mid-market and SME finance, has launched a factoring platform in Poland called Factoring BPH, via…

#accounts receivable finance#AR#bank


Polfactor signs up to HPD’s Aquarius software

Polfactor SA and HPD Software have announced that HPD s Aquarius solution has gone live in Poland. (more…)


Government to create state export credit agency

The Ukrainian government has established a draft law to create its own export credit agency (ECA). (more…)


Pragma Factoring releases Q3 2011 results

Pragma Factoring has purchased 173 million zl worth of receivables in the third quarter of 2011, a 59 per cent…


ECJ: VAT waived for banks selling non-performing loans

Banks will no longer have to pay VAT when selling non-performing loans to other entities, such as foreign subsidiaries, other…


EBRD loan Ђ25m to BPS to finance SMEs

The European Bank for Reconstruction and Development (EBRD) is lending the leading Polish cooperative bank association, BPS, up to 25…

#bank#MSME#small business


The Bulgarian Factoring Industry

Filip Genov, Executive Director of UniCredit EAD, provides an overview of the factoring market in Bulgaria, covering industry environment, market…

#bank#international#invoice


Businesses’ receivables jumped Ђ500m in H1 2011

The short-term receivables of the 1,600 largest companies in Bosnia s Republika Srpska (RS) in the first half of 2011…

#liquidity#receivables

Pragma Factoring predicts a profitable financial year ahead

Pragma Factoring SA estimates that its gross sales revenue will reach 200 million zl by the end of 2011, with…

#acquisition#management#Vice president

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