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Changes made last year to Hungary's Bankruptcy Act will come into effect on 1 July. The amendments will make it harder for companies to escape their debtors, but it will also give troubled companies more time to (more…)
#bankruptcy#management#WHO
A new factoring company, founded by two individuals with several years' experience in the field, has recently been approved by…
Eurofaktor, which has focused on factoring services for big companies only, has acquired its first clients among SMEs and has…
#financial services#investment#management
"We can forget the independent provision of financial services. It will be always harder to sell factoring as the only…
#bank#bank loan#financial services
Misu Negritoiu will become chief executive of ING Bank Romania as of 1 August, as well as chairman of the…
The EBRD is extending a credit line to Komercni banka (KB) to support small and medium-sized municipalities (SMMs) (more…)
#bank#Boost#European Commission
The Ministry of Finance of the Slovak Republic and the European Investment Fund (EIF) have signed a Memorandum of Understanding…
#bank#EIF#guarantees
The International Finance Corporation (IFC) has agreed to provide a €20 million credit line to NLB Continental Banka of Novi…
#bank#international#management
Poland's factors now have a re-branded association to represent the interests of the industry. The Polish Factoring Association is to be…
#commercial finance#conference#ING
Romanian Export-Import Bank announced yesterday that it has launched new products for small- and medium-sized enterprises (SMEs) and exporters (more…)
#bank#exporters#exports
The Hungarian Factoring Association announced that Hungary's stock of factored receivables increased to (more…)
National Bank of Ukraine lowered the discount rate by (more…)
The number of small- and medium-sized businesses in Poland has been expanding less and less dynamically since (more…)
#poland#smes