Archive of articles - July 2001, page 8

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British company tests Slovak credit waters

British credit company Provident Financial Slovakia (PFS), which has been providing short-term cash loans to Slovak customers since last March, officially opened its Bratislava branch on June 20, pledging to add a further 15 million pounds to its already one million pound investment in Slovakia.The company is dipping its toes into the Slovak credit market hoping to raise client numbers from the present 800 to more than 1,300, with a relatively new service on the Slovak market - home credit.Credit firms already exist in Slovakia providing similar sized loans to those on offer from PFS - from 5,000 up to 20,000 Slovak crowns ($100 to $500). But PFS is focusing on Slovaks the firm believes would be willing to take loans - even at higher interest rates than those on offer with banks - for the luxury of not having to leave their home to do business, and not having to specify the purpose of the loan.

Zuzana Habšudová 3. jul 2001

What benefits foreign Hungarians would get*

Science and culture: Foreign Hungarians would have the same rights as Hungarian nationals to use public cultural and educational institutions in Hungary.Insurance: Those employed in Hungary for at least three months would be entitled to pension and health insurance during that time.Travel: Four times in each year, foreign Hungarians would be entitled to a 90% discount on public transport in Hungary. People younger than seven years or older than 65 years would be allowed to travel free.

3. jul 2001

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