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Eastern Europe

Coface keeps Bulgaria on Negative Watch and affirms ratings...

Coface decides to keep Bulgaria on Negative Watch. (more…)

#crisis#economy#insurance

Insolvencies up 11% in Q1-Q3 of 2008

Hungarian insolvencies were up 11% in Q1-Q3 of 2008.   (more…)

#bankruptcy#insolvencies#insolvency


EUR5.2bn available to Hungarian SMEs

HUF1,400bn (EUR5.2bn) in direct subsidies, much of it from a restructuring of EU funding, will be available to Hungarian SMEs in the…


Credit insurance up 50% in October

Demand for trade credit insurance rose by 50% in October (more…)

#Allianz#bank#insolvency


Societe Generale plans factoring in Bulgaria

In a recent interview Philippe Lhotte, Chairman and CEO of Société Générale Expressbank, shared the banks plans for 2009 (more…)


More expensive credits to lead to expanded factoring services

More expensive credits and companies limited access to banking loans will lead to a 30% advance of the factoring market…


EBRD and Sociйtй Gйnйrale Expressbank continue to support MSMEs

The EBRD is continuing its successful cooperation with Societe Generale Expressbank by extending another EUR5m for on-lending to MSMEs (more…)

#bank#European Commission#funding


Entrepreneurs push for better business environment

At the round table organized by the BCCI, entrepreneurs proposed setting up a factoring company as a subsidiary of the Bulgarian…


Factoring market experiences growth

Czech factoring market turnover reached CZK103.5bn (EUR4.2bn) in January-September of this year (more…)


SME confidence experiencing decline

Sentiment at both big Hungarian companies and SMEs sharply worsened in October the latest measure of confidence by Ecostat reveals. (more…)

#banks#crisis#smes


Factors suffering in financial crisis

In the current crisis one may think an upsurge might be expected in the growing Hungarian factoring sector: That is…

#bank#crisis#DZ Bank


Bulgaria's Development Bank to launch operations in mid 2009

Bulgaria s Development Bank is expected to launch operations in mid-2009, said energy minister Petar Dimitrov. (more…)

Government launches new program to help SMEs get financing...

Finance minister Janos Veres has announced that the government will soon launch the Capital Union Program aimed at helping SMEs…

#crisis#smes

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