BCR Latest News

SMEs’ confidence is rising

Businesses are looking forward to a more prosperous 2004, according to a KPMG survey, with over 80% of executives in…


SBA suspends small-business loans

The Small Business Administration (SBA) has announced that it has suspended its main US$9.4 billion loan programme because it has…


World leader in credit insurance to enter Polish market

The world's second-largest insurer of credit liabilities, Atradius, will enter the Polish market no later than mid-2004. At first, the…


Why small businesses should think about international expansion

With the expansion of the European Union (EU) in 2004, UK small businesses should start to look to European trade…


Textron Financial sells $402m Small Business Direct portfolio

Textron Financial, a unit of Textron Inc. today announced that it has sold substantially all of its Small Business Direct…


Exports, investments seen growing this year

Incoming Trade and Industry Secretary Cesar A.V. Purisima said he was optimistic that exports and investments would grow this year…


Major credit insurers check extent of fallout from Parmalat scandal

Major credit insurers are expecting moderate claims levels from the bankruptcy of the Italian food group Parmalat. “One reason is…


Bank of England holds rates at 3.75%

The Bank of England today left interest rates unchanged at 3.75 per cent, as widely expected, after its first meeting…


Government to give 200m Dinara for financing SME’s

The Serbian Government has decided that 200 million dinara (US$3.48 million) will be transferred from the funds obtained from the…


Rate cut surprises market

The National Bank of Slovakia (NBS) has staged a surprise 25 basis point rate cut after announcing that high headline…


Fortis appoints new communications manager

On 1 April 2004 a new general communications manager will join Fortis, responsible for Fortis’s internal and external communications. Eric…


International Factoring Association conference 2003

The 2004 International Factoring Association (IFA) conference will be held in Miami Beach, Florida on 21 – 24 April 2004…


Company failures fall by over nine per cent during 2003

The number of limited companies failing in 2003 fell by 9.4 per cent compared with 2002, according to the latest…


No significant increase in 2004 budget for SMEs

Although the budget assigned to the Under-secretariat of Small- and Medium-Sized Enterprises (SMEs) of the Economy Secretariat will be similar…


New Coface Country @ratings released

To see the latest Country Ratings from Coface go to Global Analysis – Articles – 7 January 2004. Source: BCR


Delta takes over rival finance company

Financial group Grupo Financiero Delta has acquired 100% of local leasing company Capital Leasing & Finance for an undisclosed sum,…


Small business confidence soared in 2003

Four out of five owner-managers of small UK businesses believe their firms will be better off or remain the same…


EC unveils new measures for SMEs

The European Commission (EC) has launched 28 new Euro Information Centres (EICs), allowing more small businesses access to information on…


Deutsche Bank lends Kazakh Development Bank $2.8 m

Deutsche Bank London AG signed a $2.832-million credit deal in favour of the Development Bank of Kazakhstan to finance an…


Small enterprises allocated 42 million Leva in 2003

Credits of more than 42 m Bulgarian Leva were allocated to small enterprises under the Social Ministry's "Guarantee Fund for…


GBP 20 million Libyan debt settlement puts ECGD back on…

The Export Credits Guarantee Department (ECGD) is set to resume cover for UK exporters and investors to Libya after a…


GBP20 million Lybian debt settlement puts ECGD back on cover

The Export Credits Guarantee Department (ECGD) is set to resume cover for UK exporters and investors to Libya after a…


Lesco sells receivables, refinances bank debt, eliminates interest rate swap…

Lesco Inc. (Nasdaq: LSCO) has completed the restructuring of its debt. Lesco said the restructuring includes the sale, for US$58…


Factor Drops All Claims Against YP.Net's CEO; Angelo Tullo Exonerated

YP.Net™ (OTC BB: YPNT), a leading provider of Internet Yellow Pages and related services, announced today that New Horizon Capital…


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