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Eastern Europe

EBRD guarantee empowers Ukreximbank in €40m new lending initiative...

The European Bank for Reconstruction and Development (EBRD) is providing a €10m unfunded portfolio risk-sharing instrument to Ukreximbank, the State Export-Import Bank of Ukraine, to unlock €40m of new financing for the private sector amid the ongoing war in the...

#risk-sharing

Czech Flowpay raises €2.1m seed round to expand AI-powered...

Flowpay, a Czech fintech leveraging predictive AI models and embedded finance to assist SMEs in accessing operational funding, has secured…

#AI#bank#e-commerce


EBRD and NLB Komercijalna Banka aid SMEs in Serbia

The European Bank for Reconstruction and Development (EBRD) is further supporting access to finance SMEs in Serbia, by commencing cooperation…

#bank#international#small business


EBRD: Fostering trade finance access for Ukrainian companies

The EBRD expands cooperation with Privatbank, Ukraine’s largest systemically important bank, by making available a US$25m trade finance limit to support…

#bank#exporters#guarantees


Marsh McLennan expands Unity insurance to cover war risk...

Marsh McLennan, a leading re/insurance broker, has teamed up with the Ukrainian government and Lloyd’s to announce a significant expansion…

#bank#exporters#Marsh


WFY’23: Romanian market expected to grow by 10% in...

Following 2021, a year in which the business environment had to face serious challenges, with Covid-19 specific effects in the…

#Bogdan Rosu#Romanian Factoring Association


2023: Polish factoring industry sees marginal turnover decrease amidst...

The Polish factoring industry concluded 2023 with a marginal 2.3 per cent decrease in turnover. However, this decline is an…

#Polish Factors Association


EBRD and AIK Banka support SMEs in Serbia

The European Bank for Reconstruction and Development (EBRD) has commenced cooperation with AIK Banka in Serbia with an inaugural loan…

#green finance


Polish factoring poised to return to growth in 2024

The factoring market experienced a modest decline in turnover by the close of 2023. However, a resurgence is expected in…

#bank#banks#fintechs


Poland postpones mandatory e-invoicing implementation due to system errors

Poland's ambitious plan to introduce mandatory e-invoicing on July 1, 2024, has hit an unexpected roadblock, leading to Finance Minister…

#poland


WFY’23: The structure of Croatia’s factoring volume changed in...

The Croatian factoring industry continued to grow in 2022 (+11 per cent versus 2021), reaching a volume of EUR 1.365bn[1],…

#World Factoring Yearbook


BNP Paribas launches microfactoring with Monevia

Bank BNP Paribas and BNP Paribas Faktoring have entered into a partnership with fintech Monevia - a leading  Poland's online…

#bank#digital#invoice

WFY’23: ‘The Hungarian factoring industry developed dynamically in 2022’

The Hungarian factoring industry developed dynamically in 2022, and the total turnover exceeded HUF 4.818bn, which represents a 22 per…

#Ferenc Csaki#OTP Bank

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