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Eastern Europe

Credit Collection Group purchase 60,000 debtor portfolios

Ukrainian firm Credit Collection Group (CCG) this month completed the largest purchase of accounts receivable debt by a credit collection company in the history of the Ukrainian factoring market. (more…)

Factoring and insolvency prevention discussed at GCIC event

Factoring was dubbed an essential tool for preventing insolvencies amongst Hungary SMEs at a financial conference held in Budapest. (more…)

#bank#conference#insolvency


Millennium Bank launches factoring division

Millennium Bank has launched a factoring service in Romania. The Portuguese bank, (more…)

#bank#invoice#risk


Polish factoring turnover falls during Q3 2009

Polfactor are one of only three Polish factors to report a year-on-year growth for the third quarter this year, with…

#banks#factoring industry#interest


FIMBank focussed on Romanian market

FIMBank President Magrith Lutschg Emmenegger has spoken of the bank s plans to target Romania s fast developing factoring market.…

#bank#conference#international


Insolvencies rise 141% in 2009

Insolvencies have increased by 141 percent in the first nine months of 2009, according to figures released by Coface Bulgaria…


2008 figures demonstrate Romanian factoring's growth potential

The future growth of Romania s factoring industry was discussed at the Ziarul Financiar seminar on Tuesday, with figures for…


Large drop in Lithuanian factoring turnover

Lithuania s factoring turnover dropped in the first half of 2009 according to figures published by the Lithuanian Banks’ Association (more…)

#bank#banks


EIB increases support for SME projects in Romania

The European Investment Bank is providing two intermediated loans to support the projects of SMEs in Romania (more…)

#bank#European Commission#financial institution


EBRD and PBZ support Croatian economy

The EBRD is supporting the Croatian economy with a financing package to Privredna banka Zagreb to finance SMEs (more…)

#bank#exporters#international


EBRD supports SMEs in Moldova

The EBRD is supporting the real economy sector in Moldova with a credit line for SMEs (more…)

#bank#funding#small businesses


Czech market continues to drop in 2009

The factoring turnover of the seven largest factoring companies operating in the Czech market continued to drop in the second quarter…

#crisis#Two#Unicredit

Hungarian Erste unit gets EUR 100m loan to boost...

Erste Bank Hungary has received a loan of 100m euros from the EBRD to expand lending capacities for SMEs in…

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