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Eastern Europe

Zoltбn Bodnбr appointed as a new CEO of Eximbank

Zoltбn Bodnбr is the new CEO of state-owned foreign trade financer Hungarian Export-Import Bank Rt (Eximbank). Istvбn Csillag, the former economy minister, has been appointed president of the bank. Bodnбr, 46, served as president-CEO of National Motorway Rt (NA) from...

#bank#economy#trade

Base interest rate drops

The base interest rate (BIR) valid as from February 1 to February 28, 2005, has been set at 1.89 per…

#Allianz#bank#banks


Base rate cut

The Monetary Council of the National Bank of Hungary (MNB) cut its benchmark interest rate from 9.5% to 9%. The…

#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

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