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Eastern Europe

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, Nordea Finance experts (more…)

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…


SEB Vilniaus Bankas to issue euro 10m worth of...

Lithuania's largest commercial bank SEB Vilniaus Bankas will allocate euro 10m (LTL34.5m) for loans to small- and medium-sized enterprises (more…)


Factoring Ceske Sporitelny H1 revenues up

Factoring Ceske sporitelny (CS), a company specialising in financing receivables from domestic and foreign customers, has announced revenue growth of…

#receivables


EBRD provides loan to MIKROFIN

The EBRD loan falls under the recently established Micro, Small and Medium Sized Enterprises Finance Framework for the Western Balkans…


Erste Faktor H1 revenue 70 per cent over target

Erste Bank Hungary's factoring unit, Erste Faktor, had revenue in the first half of 2006, 70% over the target, the…

Pekao Faktoring greedy for growth

Although the company is the leader of the sector, it does not mean that it will grow faster than the…

#acquisition#management

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