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Eastern Europe

Base rate cut

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

Eurofaktor prepares for stock deals with financial investors

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


CNB cuts interest rate by 0.25 percentage points

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


Coface looks to change face of risk insurance market

Awareness of corporate credit insurance is expected to change Hungarian businesses' debt-paying morals and even boost the economy, according to…


Innovation funding assistance for SMEs

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


Caution on SME credit exposure ahead of Basel II

Within the next two years, Bulgarian banks will have to design internal guidelines for the assessment of the credit risk…


Coface plans to enter Czech market

Austrian insurance company Osterreichische Kreditversicherung Coface, number one in the Austrian domestic and export credit insurance business, is preparing to…


Eurofaktor successful launch on Warsaw stock exchange

Eurofaktor, Poland's biggest non-banking factoring company, had a successful debut on the Warsaw stock exchange yesterday. Right from the start,…

#3M#poland


EU to Support SMEs in Poland

The EU Programme for Promotion of Entrepreneurship (PfE) will enable thousands of Poles to set up their own businesses. They…

#poland#smes


Unionbank signs Ђ5m credit line agreement to facilitate SME...

Bulgarian commercial bank Unionbank said it had signed a Ђ5.0m (US$6.6m) credit line agreement with the Black Sea Trade &…


CSOB Leasing expects contracts worth SKK 7.251bn for 2004

Leasing company CSOB Leasing estimates the number of contracts concluded this year at 8,700. Their total acquisition price should be…

#acquisition#leasing


Raiffeisenbank gets Ђ10m credit line to fund SMEs

Raiffeisenbank Bulgaria received a Ђ10m credit line to finance the small- and medium-sized enterprises (SMEs). The funds are provided by…

#bank#investment#smes

EBRD supports SMEs in Moldova with US$5m loan

Entrepreneurs across Moldova will gain more access to finance following a US$5m loan from the EBRD to Moldindconbank (MICB), one…

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