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Eastern Europe

SMEs continue to improve in May

Sentiment at Hungary's SMEs continued to improve in May, following a trend started in February, according to the latest measure of SME confidence by Ecostat. (more…)

Cisco Capital, RZB launch SME financing program

Cisco Capital, a Cisco financial services company, and Raiffeisenbank (Bulgaria) signed an agreement for joint small- and medium-sized enterprises (SME)…

#financial services#funding#SME financing


Factoring dynamics restored in 2006

2006 was a year of improved growth dynamics of the factoring market in the Czech Republic. The year-on-year increase in…


EBRD provides first rural facility

Through its first rural facility in Romania, the EBRD is lending Casa de Economii si Consemnatiuni SA (CEC), EUR10m to promote…


Euler Hermes Hungarian Claims Collection Kft appoints new general...

General manager of Euler Hermes Hungarian Claims Collection Kft András Kozma will be replaced by Krisztina Szigeti and Attila Gyorfi.…

#Commercial Credit#credit risk#management


2007 set to be record year for insolvency

A report by French-owned credit risk management company Coface suggests that 2007 could see a record number of companies going…


Transfinance appoints a new member of the board of...

Zdenek Kmonicek has been named a member of the board of directors for factoring company Transfinance. (more…)


Mehib offers export insurance to SMEs with export revenue...

The Hungarian Export Insurance Bank (Mehib) has been given the go-ahead to offer export insurance to small- and medium-sized enterprises…

#bank#conference#insurance


SMEs double profits

Profit growth of over 3,000 small- and medium-sized enterprises (SMEs) last year exceeded net turnover growth by four times. (more…)


Atradius targets 25% market share

The Hungarian branch establishment of credit insurance company Atradius closed last year with Ft 723.5m in revenues. (more…)

#Atradius#insurance#management


Ko'ka calls for micro credits

According to the Economy Minister Janos Koka, the micro-credit scheme must be made more popular and more easily accessible as…

#conference#economy#security


Start Tokegarancia to offer SMEs guarantees on bank guarantees

Start Tokegarancia, a guarantor set of by the Hungarian Business Development Foundation and state-owned investment company Corvinus a year ago,…

#bank#funding#guarantee

Hungarian SMEs are less pessimistic

The uncertainty caused by last year's austerity measures was felt until October, 2006, since that low point, the business confidence…

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