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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

KfW to fund more SMEs

German state-owned development bank Kreditanstalt fur Wiederaufbau (KfW) has announced that it awarded more loans to medium-sized business in 2004…

#bank#Boost#economy


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


Growth of regional management team at Venture Finance

Invoice and asset-based financier Venture Finance starts 2005 on a positive note, with the promotions of Fiona Black and Chris…

#acquisition#Business Development Manager#invoice


EFG Eurobank announces managerial changes for factoring expansion

EFG Eurobank Ergasias on Monday announced a series of management changes as part of a strategic plan to expand activities…


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


Cattles Invoice Finance helps start up IT& telecom company

Cattles Invoice Finance has funded start-up company Blue Cube in Knowsley, creating sixteen jobs in the area. Blue Cube provides…


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…


Small firms say government red tape is worse than...

Keeping up to date with the latest government legislation is the biggest challenge facing Britain’s small business community in 2005,…


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

Ultimate Finance Group – half year trading update

The board of Ultimate Finance Group plc (Ultimate) is today issuing a trading update ahead of its interim results for…

#bank#funding#invoice

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