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Eastern Europe

Fortis finalises the acquisition of Innotrade Leasing Rt. and...

Fortis has confirmedthat it has finalised the acquisition of the two Hungarian sister leasing companies, Innotrade Leasing Rt. and Takleasing Rt. (more…)

Eurofaktor diversification strategy leads to profit slump

Eurofaktor, the only representative of the factoring industry on the stock exchange, made only ZL1.1m (euros 284,500) net profits in…


Factoring companies to start reporting to National Bank

The Central Bank of Slovakia (NBS) is due to start collecting data for statistical purposes from January 2007. The obligation…


Business confidence indices slip to two-year low

Ecostat's TOP-100 index, a measure of confidence at Hungary's biggest hundred companies, fell to its lowest point in two years. Ecostat's…


Ceska sporitelna bank nets CZK 4.87 bn in H1

Ceska sporitelna belongs to the Austrian Erste Bank group, which comprises the bank CS, insurer Pojistovna CS, Leasing CS, Investicni spolecnost…

#bank#banks#economy


World Bank continues support of export development

The World Bank's Board of Executive Directors has approved a US$154.5m loan for the Second Export Development Project (EDP2).The project…

#bank#exporters#exports


International factoring portfolio surges ahead in H1

Factoring turnover in Lithuania in the first half of this year, was up by 18.1% year-on-year. The January-June turnover soared…

#international#international factoring#leasing


Central bank increased key interest rate

The Slovak central bank (NBS) board decided to raise key interest rates. Two-week repo tenders increased by one half of…

#bank#interest#interest rate


Czech factoring turnover up at CZK49 bn at end...

Czech factoring companies posted a turnover of nearly CZK49bn (euros 1.7bn) in January-June this year (more…)


Credit still too expensive, says SME agency

Small- and medium-sized enterprises (SMEs) have easier access to credit but the cost of loans is still high, said the…

#bank#interest rates#security


Erste doubles capital at factoring unit

Erste Bank Hungary announced it has raised registered capital at its factoring unit, Erste Faktor, by (more…)


MFB lowers rate on subsidised loans for SMEs

The Hungarian Development Bank Rt (MFB) announced it would lower the rate on special state-subsidised loans for businesses available under…

Company liquidations continue to rise in H1

The number of legal cases brought by Hungarian companies trying to collect overdue receivables increased by (more…)

#bankruptcy#receivables#risk

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