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Eastern Europe

Euler Hermes predicts rise in number of bankruptcies in...

The number of bankrupt companies is likely to grow moderately next year after seven years of falls, the reason being a prediction of a slower growth of the Czech economy in 2007 against this year, says the latest study of...

EBRD equity creates opportunity for Serbian micro-businesses

The European Bank for Reconstruction and Development (EBRD) is paying euro 3m for an 18.2 per cent equity stake in…

#bank#financial services#international


Unicredit to announce Pekao's new managing board

Italy's Unicredit will soon announce the make-up of the managing board of the Pekao bank after its merger with Bank…


EBRD loan to support micro enterprises

The European Bank for Reconstruction and Development (EBRD) is lending to Mikrokreditna Organizacija EKI, the third-largest non-bank micro finance institution…

#Access to Finance#bank#microfinance


New players help factoring market up to E1bn

ING Commercial Finance, the specialised factoring service division of the ING Group, will mainly target small entrepreneurs and focus on…


Analysts forecast 20 per cent growth in factoring market...

After posting turnover of LTL 5.65bn last year, Lithuania's factoring market will expand by another 20 per cert in 2006,…


Bankruptcies up in H1 2006 – Coface

A total of 658 bankruptcy proceedings started in the Czech Republic in the first half of the year, the first…


Fortis acquires 4 Faktor Sp.zo.o

Founded in 2004, 4 Faktor Sp.zo.o is an independent factoring company specialising in servicing small companies in the manufacturing, trade…


SME confidence improves in August – Ecostat

Confidence at Hungary's biggest companies slipped slightly in August, but improved at small- and medium-sized enterprises (more…)

#smes


Factoring growth exceeds expectations

Market share has changed substantially and the leader is again way ahead of the competition. The whole market rose and…


Central bank raises base rate

The Monetary Council of the National Bank of Hungary (MNB) raised the base rate by (more…)

#bank#inflation


CzechTrade agency and HKCR networks join forces to support...

CzechTrade, the government agency charged with increasing international trade and cooperation between domestic and foreign companies, has launched a new…

#bank#international#International Trade

Hitelgarancia stock of factoring guarantees reaches HUF 1bn

The stock of guarantees on factoring contracts by Hitelgarancia, a majority state-owned guarantor of credit for small- and medium-sized enterprises…

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