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Eastern Europe

Pivdenny Bank gets loan of US$30m for SME financing

Pivdenny Bank has received a syndicated loan for US$30m at LIBOR+2.4% annually. (more…)

#bank#banks#LIBOR

Cisco sets up Euros 30m venture capital fund for...

US network equipment maker Cisco Systems and venture capital company 3TS Capital Partners are setting up a 30m venture capital…

#investments#smes#Two


Coface posts Euro 600,000 turnover in commercial credit insurance

In the first six months of activity, the insurer of French group Coface obtained 600,000 from commercial credit insurance activities.…


Euler Hermes Hungarian Credit Insurance management changes

Euler Hermes Hungarian Credit Insurance Zrt has announced management changes. (more…)

#Allianz#bank#credit risk


Comarch seizes the factoring market

Comarch has signed two further contracts - at Getin Bank SA and BGZ SA - to implement Comarch Factoring. (more…)

#bank#Comarch#financial institutions


EFG Eurobank concludes merger of units

Greek banking group EFG Eurobank Ergasias said on Tuesday it concluded the merger of its two Bulgarian units. (more…)


Microsoft eases SME access to EU Funding

Microsoft presented its European Union Grants Advisor programme in Varna aimed at informing SMEs of the opportunities to apply for EU…


Agriculture tops bankruptcy list

A recent survey of Kofas Bulgaria reveals that bankruptcy rates have been most buoyant in the agriculture and forestry sector…


Strategic partner took over shares of KUP

The process was formally finalized for entry of Delcredere SA and SACE BT SpA into KUP as a part-owner and strategic partner…

#3M#Commercial Credit#guarantee


UniCredit signs agreement on Ђ30m credit line with EIB

UniCredit Bank signed a EUR30m credit agreement with the EIB for finance SME loans and local government. (more…)

#bank#investment#SME loans


Bankruptcy numbers will dip slightly this year- Euler Hermes

Bankruptcy numbers will decrease slightly to an estimated 1,250 cases this year but should remain unchanged in 2008. (more…)

#bankruptcy#economy#insolvency


MKB Romexterra focuses on SME financing

MKB Romexterra Bank is targeting a 3.8% SME market share and has signed a collaboration partnership with the Ministry for SMEs, Trade, Tourism,…

#bank#international#SME financing

Factoring Ceskй sporitelny introduces a new product

Factoring Ceske has introduced a new service that enables clients to speed up the financing of assigned receivables and decreases the admin…

#assignment#digital#receivables

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