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Eastern Europe

Transfactor appoints head of factoring

Martin Schaner (34) became a director of Transfactor's factoring portfolio administration department. Mr. Schaner started its career as cash manager in Tatra Leasing, subsidiary of Tatra Banka in 1998.  (more…)

New legislation influences insolvency rate – Euler Hermes Servis

Euler Hermes Servis, s.r.o., part of the Euler Hermes Group, reports that the insolvency situation in Slovakia was radically changed…

#Allianz#bankruptcy#insolvencies


Cash Flow Factoring plans bond issue

This month the company will present its strategy for the next three years along with financial forecasts (more…)


NLB acquires 50pc stake in Kasabank

The NLB Group comprises 58 companies on 18 European markets, of which 15 are banks, 11 leasing companies, 11 factoring…

#acquisition#bank#banks


Specialised financial service companies eye the market

Companies that provide financial services from the European Union continue to notify the NBR (National Bank of Romania) of their…

#bank#financial services#international


Czech creditors get least amount from bankruptcy assets in...

A creditor in the Czech Republic gets the lowest amount in the EU countries, server Mesec.cz said, referring to statistical…


Fortis finalises acquisition of Dominet Bank

Following the approval by the Polish Banking Supervisory Authority, Fortis Bank SA/NV has finalised the acquisition of 100% of the…

#acquisition#bank#financial services


EBRD supports Microinvest with USD1m loan

The European Bank for reconstruction and Development (EBRD) is providing the Moldovan microfinance institution Microinvest with a US$1m loan for…

#bank#business finance#management


Estonia 2006-2007 – Export factoring growth expected

While the shift to the Euro will simplify business transactions because the costs of converting to different currencies are nullified,…

#bank#international#invoice


Factoring Ceskй sporitelny revenues up a third in 2006

Last year, Factoring Ceské sporitelny crossed the CZK 30 bn threshold, in revenue from receivables, and defended its position as…


Slovakia gains independence

After entering the Slovakian factoring market at the beginning of this year a subsidary of the Czech independent factoring company of the same…

#bank#financial services#guarantees


Bulgaria state-run mega bank to guarantee SME loans

The Bulgarian government has made big headway on an initiative for the creation of a state-run investment bank, which will…

#bank#banks#funding

EU accession means factoring on the rise

According to the Slovak Factoring Association (ASF) 64 per cent of factoring companies clients are SMEs. EU accession, which is driving…

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