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Eastern Europe

Factoring growth threatened by lack of product understanding

Following a report on the 2.9% decrease in ( 1.233 billion) factoring market turnover in 2009, published in June this year, the Polish Factors Association (PFA) stresses that (more…)

More then 11,000 businesses go bust, 1st quarter of...

More then eleven thousand companies in Romania were in insolvent during the first quarter of this year. To be precise,…


Ukranian factoring market – small but stable: figures for...

The Ukranian factoring market posted volume figures for new factoring agreements signed in the first quarter of 2010 of 560.0m grivnas, which…

#3M#bank


Polish Factors Association is holding International Factoring Congress

Polish Factors Association (PFA) is holding the first International Factoring Congress in Warsaw on the 16 th of September. Congress…

#EU Federation#international#international factoring


Credit insurers meet less then 10% of the market...

In 2009 the growth of claims due to the non-payment of account receivables has reached 150% on the previous year,…

#AON#bonds#payment terms


SmartFactor to provide software solutions for the new Priorbank...

Raiffeisen Bank has announced that it has chosen Russian software supplier SmartFactor to provide software for a new (more…)


Raiffeisen Bank Romania posts half year profit

Raiffeisen Bank S.A. posted a net profit of 49.98 million for the first half of 2010 and an operational profit…


IFC supports SME finance expansion in Moldova

The International Finance Corporation, a member of the World Bank Group, is providing a (more…)


Millennium Bank gains EBRD credit line for on-lending to...

The EBRD is increasing the availability of financing to the real economy in Romania with a 20 million credit line…

#bank#European Commission#smes


Bright prospects for Polish factoring

Polish Factors Association (PFZ) reports a 34.6 percent market increase in the first semester of 2010. (more…)


Factoring market is on the rise

Czech factoring companies financed purchase of claims for Kc50.3bn in H1... (more…)


Universal Insurance Alliance gets license for provision of credit...

The State Commission for the Regulation of Financial Services Markets issued five insurance licenses to Universal Insurance Alliance (Kyiv)... (more…)

#financial services#guarantees#insurance

IFC provides finance for agribusiness

IFC, a member of the World Bank Group, is providing Serbia’s Société Générale Banka Srbija with a €40 million loan…

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