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The Monetary Council of the National Bank of Hungary (MNB) cut its benchmark interest rate from 9.5% to 9%. The economic fundamentals released over the recent months have led the council to believe that the currently prevailing positive trends, which...
#bank#interest#interest rate
The shareholders of the Myslowice-based factoring company Eurofaktor have entered negotiations with financial investors interested in the acquisition of a…
#acquisition#financial institution#investment
Czech National Bank (CNB) has surprisingly cut interest rates by 0.25 percentage points. Main repo rate is dropped to 2.25…
#bank#inflation#interest
Awareness of corporate credit insurance is expected to change Hungarian businesses' debt-paying morals and even boost the economy, according to…
Parliament has passed a new law creating a so-called National Capital Fund (KFK) that is to promote commercial innovation. The…
#financial services#funding#innovation
Within the next two years, Bulgarian banks will have to design internal guidelines for the assessment of the credit risk…
Austrian insurance company Osterreichische Kreditversicherung Coface, number one in the Austrian domestic and export credit insurance business, is preparing to…
Eurofaktor, Poland's biggest non-banking factoring company, had a successful debut on the Warsaw stock exchange yesterday. Right from the start,…
#3M#poland
The EU Programme for Promotion of Entrepreneurship (PfE) will enable thousands of Poles to set up their own businesses. They…
#poland#smes
Bulgarian commercial bank Unionbank said it had signed a Ђ5.0m (US$6.6m) credit line agreement with the Black Sea Trade &…
Leasing company CSOB Leasing estimates the number of contracts concluded this year at 8,700. Their total acquisition price should be…
#acquisition#leasing
Raiffeisenbank Bulgaria received a Ђ10m credit line to finance the small- and medium-sized enterprises (SMEs). The funds are provided by…
#bank#investment#smes
Entrepreneurs across Moldova will gain more access to finance following a US$5m loan from the EBRD to Moldindconbank (MICB), one…