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Eastern Europe

Capital increases of EUR320m in financial sector in 7...

Financial sector companies increased their capital by more than EUR320m in the first seven months of the year, according to data provided by Romania's Trade Registry Office (more…)

Czech factoring market driven by double digit growth

The Czech factoring association has published statistical data about factoring market development for H1 2008 (more…)

#receivables


Government announce program to support SMEs

Hungary s Minister for National Development and Economy has announced a program to help SMEs and spur growth (more…)

#bank#banks#guarantees


Lithuania, EIF sign holding fund agreement under EC's SME...

The European Investment Fund and the Lithuanian Ministry of Economy and Ministry of Finance have signed a funding agreement under…

#bank#EIF#guarantees


Serbia plans Ђ250m investments in SMEs in 2009

The Agency for Development of Small and Medium Enterprises and Entrepreneurship and Ministry of Economy and Regional Development has announced…

#economy#investments#smes


Number of companies with solvency problems up 42pc

The number of companies with solvency problems has grown 42 percent since the same period last year according to Krediidiinfo's…


TK Bank granted banking license

The National Bank of Belarus has registered and issued a banking license to Bank Torgovy Kapital ( TK Bank), a…


Hansa Lizingas factoring portfolio hits record high

Hansa Lizingas reported that at the beginning of August its factoring portfolio reached a record sum of 1bn litas (EUR290m).…


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

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