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Eastern Europe

2004: Business benefit from FDI of Sk313bn in 2004

Compared to 2003 there was a decrease in foreign direct investment (FDI) of Sk8.7bn (Ђ220m) to Slovakia. The majority of the foreign investments (Sk21.996bn) came into the business sphere, while Sk5.05bn (Ђ120m) went to the banking sector. Slovak companies invested...

#investment#investments

Finansbank seeks more funds to support SME and foreign...

Finansbank Romania will increase its loan resources for foreign trade and SMEs by Ђ10m from new subordinated and syndicated loans,…


Bulgaria to reduce VAT after 2007

Bulgaria will reduce the Value Added Tax (VAT) rate from the current 20% to 18% from 2007 under the new…


HNB base rate cut

Hungarian National Bank’s (HNB) Monetary Council (MC) cut down the base rate by 25 basic points to 7.50%, HNB announced.…


New factoring company launched

A new factoring and forfaiting company has been launched by Hнr Televнziу Rt owner Istvбn Tцrцcskei and Klбra Deбk, who…


Factoring in the Czech Republic increases in popularity

While small- and medium-sized enterprises (SMEs) still prefer bank loans to regulate cash flow, companies are increasingly turning to alternative…


Micro-credits more accessible for SME

A normative act that will facilitate access of small- and medium-sized enterprises (SMEs) to micro-credits has been adopted last week…


Magnus LLC to finance foreign trade

Through its Romanian representative office, American-based financial holding Magnus LLC has launched a US$50m loan programme for Romanian companies that…

#guarantees#interest#interest rates


SZRB to provide guarantees on Tatra Banka SME loans

Slovak Guarantee And Development Bank (SZRB) is to provide guarantees on Tatra Banka small- and medium-sized enterprises (SMEs) loans up…

#bank#guarantees#risk


EU accession seen tricky for SMEs

Ovidiu Nicolescu, president of the National Council for Private Small- and Medium-Sized Enterprises, said 20-25 per cent of Romanian SMEs…


Demand for factoring services rising in Czech Republic

The Czech factoring market has grown by some 20% a year over the past three years and the Association of…

#bank#GDP#Two


Disputable Kc40bn claim on CSOB sold to Slovak General...

The new owner of Kc40bn disputable claim on CSOB from the times of sale of former bank IPB is Slovak…

#bank#guarantees#investment

Central bank lifts hard currency restrictions

The central bank (BNR) lifted restrictions on Romanian companies' hard currency acquisitions from 24 February 2005. Previously Romanian companies were…

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