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Europe

Lecce municipalities to adopt reverse factoring to avoid collapse

On Thursday, Septemeber 9th, the council of the Province of Lecce presented a Stability Pact to try to improve the financial positions of the local municipalities, which were badly damaged by the financial crisis. Under the Pact major Italian financial...

#crisis#financial institutions#funding

Morrison & Foerster hires former GMAC Commercial Finance Adviser

Law firm, Morrison Foerster (MoFo), has hired Mayer Brown structured finance and capital markets partner Elana Hahn to join the…

#bank#commercial finance#invoice


Polish Factors Association is holding International Factoring Congress

Polish Factors Association (PFA) is holding the first International Factoring Congress in Warsaw on the 16 th of September. Congress…

#EU Federation#international#international factoring


First signs of double dip?

Germany's number of business insolvencies increased 2% in the first half of the year... (more…)

#insolvencies#insolvency


GE Capital’s new study: lack of funding results in...

Nearly one in six small and medium-sized firms in the eastern region believes they have missed out on business opportunities…

#economy#funding#invoice


UK businesses stay in “recessionary” mode

Seventy per cent of professionals in the financial and legal sectors believe the worst effects of the recession are still…


ABFA members’ sales and advances are at the highest...

The latest quarterly figures released by the Asset Based Finance Association (ABFA) show that lending to businesses is growing... (more…)


Experts forecast further growth of credit insurance premiums

Business Monitor International (BMI) has issued a report on Greek insurance market development... (more…)


Credit insurers meet less then 10% of the market...

In 2009 the growth of claims due to the non-payment of account receivables has reached 150% on the previous year,…

#AON#bonds#payment terms


Promsvyazbank announces its new President and Chairman of the...

Sept. 4 th 2010: Promsvyazbank announced that its Board of Directors had elected Artem Konstandyan as a new President and…


Spanish financier experiences growth in confirming volumes

Caja Navarra finance provider for businesses experienced a growth of 50.29 % at end- July 2010. (more…)


Coface announces half year results

Coface has reported a positive result for the first half of the year, announcing an operating profit of (more…)

#crisis#insurance#management

EBRD to increase financial support of SMEs in Russia

The EBRD will lend up to 2.9 billion roubles (equivalent to Euros 76 million) to enable Credit Europe Bank to…

#bank#liquidity#small business

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