The Slovak Guarantee and Development Bank (SGDB) is selling its 1.3 % share in VUB Factoring Inc. to VUB Bank Inc. for 1 crown (Skk). The sale was approved by the general assembly of SGDB on 29 September.
CSOB Leasing Inc. became a leader in leased volume, according to Leasing Companies Association achieving a market share 16.9% in the first half year including an 18.5% share of the machinery leasing market.
Foreign direct investment (FDI) in Slovakia rose in the first half of 2003 by 15.2 per cent year-on-year to Sk20.838 billion (Ђ505 million), the central bank NBS reported on Friday (26 September).
In a move that caught the market off-guard on Thursday (25 September), the Slovak National Bank (NBS) cut key interest rates by 0.25 percentage points.
Applications can now be made for two new grant schemes for industry and tourism development totalling Ђ4.4m and Ђ5.5m respectively.
Businesses confidence in Slovakia’s economy dropped in July, when the business confidence index fell 2 points from +8 points in June, the Slovak statistical office reported.
The Slovak arm of the Czech bank CSOB showed a profit of SKK122 million in the first six months of 2003, down from SKK131 million in the same period a year earlier, according to figures released by the firm.
The European Bank for Reconstruction and Development will provide Slovakia's VUB [General Credit Bank] bank a further Ђ20m to support small and medium-sized enterprises (SMEs) under a contract signed in Bratislava on Friday .
Slovak state-owned bank Konsolidacna banka Bratislava (KBB) will be taken over by state-owned factoring agency Slovenska Konsolidacna (SKo) before 31 October, according to a proposal for the transformation of the KBB to be discussed by cabinet on
