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Eastern Europe

SMEs fear Basel II will start credit squeeze

Small- and medium-size enterprises (SMEs) in the Czech Republic fear they will face a credit squeeze as a result of Basel II rules for (more…)

#bank#interest rates#international

Government grants budget increase helps fund SME projects

A total of 4,800 small- and medium-sized businesses (SMEs) received government grants worth (more…)

#Jobs#smes


Republic sees one-way flow of banks and insurers

Insurance and banking is seeing a flood of western companies into the Czech Republic, while Czech firms appear reluctant to…


ProCredit Bank Serbia receives Ђ15m boost

ProCredit Bank Serbia is receiving a 15m loan from the EBRD to help meet the growing needs of local entrepreneurs…

#bank#ING#international


Hungarian companies debt defaults balloon

The payment discipline of Hungarian companies is quickly deteriorating, with former late payers becoming non-payers (more…)


PPF sells CP Leasing to Credit Agricole's Sofinco

The PPF financial group has sold its CP Leasing subsidiary to (more…)

#bank#banks#Credit Agricole


NLB group consolidates regional presence with Continental banka takeover

The Serbian Minister of Finance Mladan Dzinkic and the director of the Agency for deposit security, rehabilitation, bankruptcy and liquidation…

#bank#financial services#international


Factoring profile rising among entrepreneurs

Last year factoring companies in Slovakia complained about the lack of awareness of their product among entrepreneurs. A year on…


Fortis Bank enters Hungary

Belgian Fortis Bank recently opened its first representation office in Budapest, Napi Gazdaság reported. Fortis plans to be active in…

#bank#cash management#leasing


10% profit tax for SMEs

Small- and medium- sized businesses (SMEs) would pay 10% instead of 16% profit tax on the first Ft 5m of…


Value of insurance on Polish exports soars

Speaking at a conference on Monday, the chairman of the Export Credit Insurance Company (KUKE), Jaroslaw Biernacki pointed to figures…


Siauliu Bank granted Ђ2 m credit line for SMEs

Siauliu Bank and the Nordic Investment Bank have signed an agreement that will grant Siauliu Bank  a credit line of…

#bank#investment#smes

MFB launches new HUF 2bn ( Ђ8,115.41) loan...

The Hungarian Development Bank (MFB) has signed a contract with Budapesti Vallalkozasfejlesztesi Kozalapitvany (BVK) subsidiary Enterprise '94 to launch the…

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