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Eastern Europe

Atradius Credit Insurance appoint new general manager

Global credit insurance company Atradius Credit Insurance announced today that they have appointed a new general manager for the Czech Republic. (more…)

#Atradius#insurance

EUR351.84m for micro businesses

In 2008 there has been 412 contracts signed so far worth HUF1.9bn (EUR8.05m) in the framework of the New Hungary…

#economy#guarantee#interest rates


BRD doubles its factoring business in H1

Banca Romana de Dezvoltare (BRD), Romania's second-largest bank in terms of assets, had factoring operations worth RON 1.1bn (€300m) in the…

#bank#ING#international


Czarnecki to launch innovative mobile bank focused on SMEs

Leszek Czarnecki intends to launch a new bank in October which will be called Introbank and will focus on SMEs.…


Agreement between EGAP and CEB facilitates access of SMEs...

Export Guarantee and Insurance Corporation (EGAP) have signed an agreement with the Czech Export Bank (CEB) on co-operation in insurance…

#bank#exports#guarantees


Factoring Ceskй sporitelny confirm market leadership in 1H 2008

Net factoring volume of Factoring Ceské sporitelny rose year-on-year by 28 per cent to Czk16bn (EUR670m). (more…)


EBRD intensifies support for Bulgarian SMEs

The European Bank for Reconstruction and Development (EBRD) is providing a EUR25m credit line to Postbank for on-lending to Bulgarian…


VUB Factoring announces success in H1 2008

VUB Factoring announces 31 percent increase in volume of refinanced receivables. (more…)

#leadership#receivables


Eximbank Romania opens second unit in Buzau

Eximbank Romania will open its second unit in the southeastern city of Buzau, the bank said. (more…)

#bank#exporters#exports


Number of insolvencies jumps in first half of 2008

The number of insolvent firms in Hungary grew by 13% in the first six months of 2008, compared to the…

#bankruptcy#economy#insolvencies


Three-quarters of companies record payment problems

According to a payment discipline survey, conducted by the Atradius insurance company, three-quarters of companies have experienced problems with receiving…

#Atradius#insurance#poland


FIBank gets Ђ10m loan to support SMEs

First Investment Bank (FIBank) has received a 10m five-year loan from German Investment Bank KfW. (more…)

Latest review of Ukrainian factoring market

The economic situation in Ukraine in 2007 was positive: It recorded a growth rate of 9.0% in 2006, 11.5% in 2007 and a…

#bank#exports#interest rates

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