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Europe

Local factoring market contracts 28 per cent

Romania s local factoring market contracted 28 per cent in 2009, with the market s value dropping to (more…)

#conference#management#receivables

MEPs vote in favour of EU small business accountancy...

Very small companies could be exempted from having to draw up annual accounts, after MEPs approved changes to EU accounting…


Late payments costing SMEs almost Ј2 billion a year

Chasing late payments could be costing the UK s small business sector 1.9 billion a year, according to new research…

#financial services#invoice#late payment


New Civil Code factoring law to come into force...

The Budapest Times has announced the new regulations regarding factoring agreements that are to be detailed in Hungary s revised…


Bankruptcies at start of year double 2009 figure

The number of companies that became bankrupt doubled in the first two months of this year compared to the same…

#bank#bankruptcy#receivables


Royal Bank of Scotland to sell RBS Factoring GmbH

Royal Bank of Scotland Group PLC today announced that it has agreed to sell its German factoring unit RBS Factoring…


EIB assists SMES in Austria with loan to BAWAG...

The European Investment Bank is to extend a 100 million loan to Bank f r Arbeit und Wirtschaft und sterreichische…

#bank#crisis#economy


Bibby Financial Services sets up small business fund

Bibby Financial Services has today announced a multi-million Pound invoice finance offering, tailored to support small businesses in the UK.…

#financial services#invoice#small business


New factoring firm launched in Hertfordshire

A new factoring company Team Factors Ltd is to be launched in Hertfordshire, Business Money News has reported. Based in Kings…


Factoring “the fastest growing product in Trade Finance” says...

The FIM Bank Group has announced a post-tax profit of $1.6 million for the year 2009 and stressed its (more…)


The return of the taxman

Following the success of the Business Payment Support Service, Factorscan asks whether its possible withdrawal is on the horizon and…


EIB increase SME support in Slovenia with bank loans

The European Investment Bank (EIB) is providing two loans totalling 50 million to support small and medium sized projects in…

#bank#business finance#guarantees

Ultimate Finance launch new trade finance venture

Ultimate Finance Group has set up a new subsidiary to provide trade finance to small and (more…)

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