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Eastern Europe

NBS cuts key interest rates

National Bank of Slovakia (NBS) has cut key interest rates by 50 basis points. From Monday, 29 November, the one-day sterilisation repo rate dropped from 3.0 per cent p.a. to 2.5 per cent p.a. and the one-day refinancing rate decreased...

Societe Generale buys extra BRD stake

France's Societe Generale, majority owner of BRD-Groupe Societe Generale, bought the state's remaining 7.3 per cent last week. AVAS said…

#acquisition#bank#investment


Euler Hermes expects revenue of more than HUF 2bn...

Hungarian subsidiaries of Euler Hermes, a big provider of credit insurance and manager of trade receivables, expects to end the…


EIB loans to SMEs to boost economy

The European Investment Bank (EIB) has prepared a solid foundation on which to build a bridge to join the wealthy…


Latvian factoring and leasing market up 11.8 per cent...

According to the Latvian Lessors’ Association (LAA), the leasing and factoring market in Latvia has grown 11.8 per cent this…

#banks#interest#leasing


KFK to provide funding assistance to SMEs

The Sejm has begun work on a bill setting up a National Capital Fund (KFK) to support small-and medium-sized enterprises…


New venture capital fund eyes local SMEs

A new venture capital fund, called Novum Hungary Growth Fund, will start operation in the end of the first quarter…

#bank#European Investment Fund#financial institution


Eximbank to support Slovak exports by SKK66 bn in...

Slovakia’s Eximbank plans to support Slovak exports by SKK66bn next year to what presents 7.3 per cent of a total…

#exports#guarantees#poland


BRD – Groupe Societe Generale – increase factoring volume...

In the first nine months of 2004, BRD – Groupe Sociйtй Gйnйrale recorded a volume of Ђ80m from factoring operations,…


OTP draws 50 per cent of CEB loan to...

The Council of Europe Development Bank (CEB) is providing a Ђ100 m loan facility for Hungary's largest commercial bank OTP,…

#bank#interest#interest rates


Number of venture capital transactions in 2004 overtakes 2003...

There were 35 venture capital transactions in Hungary during the first 11 months of the year, up from 25 during…

#economy


Chamber and credit agency to rank SMEs looking for...

Small companies in the Czech Republic can now have their financial health evaluated by an independent credit agency. A project…

#bank#banks#risk

Post Bank plans to develop leasing and factoring

Post bank said its target was to acquire 10% market share, bank's chief executive officer, Anthony Hassiotis, said. At present,…

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