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Europe

Companies Act 2006 – time to check compliance

Consultations on Companies Law Reform have been taking place for a few years now and have culminated in the Companies Act, 2006. The dti have issued a series of documents explaining the effects of the Act. (more…)

#compliance#interest

Latvia 2006-2007 – SMEs key driver in factoring market

2006 is expected to see further growth in the factoring market by at least 40%, compared with 2005. The first…

#bank#guarantees#ING


Hungary 2006-2007 – economic and legislative environment boosts factoring

In 2006, factoring turnover is expected to increase again by a similar level to 2005, due to the favourable economic…

#bank#interest rates#international


Factoring and foreign activities promote GrenkeLeasing growth

GrenkeLeasing, the German leasing company, has reported a rise of 7 per cent in the volume of new business in…

#leasing


Transfactor appoints head of factoring

Martin Schaner (34) became a director of Transfactor's factoring portfolio administration department. Mr. Schaner started its career as cash manager…


New legislation influences insolvency rate – Euler Hermes Servis

Euler Hermes Servis, s.r.o., part of the Euler Hermes Group, reports that the insolvency situation in Slovakia was radically changed…

#Allianz#bankruptcy#insolvencies


Cash Flow Factoring plans bond issue

This month the company will present its strategy for the next three years along with financial forecasts (more…)


GMAC CF appoints Mobley to Southwest team

GMAC Commercial Finance Plc has strengthened its Invoice Finance sales team with the appointment of Gary Mobley. Gary is responsible…


Finland 2006-2007 – factoring market expansion potential due to...

IFRS has forced larger companies to shift receivables off their balance sheet, and SMEs are eager to outsource  management of…


NLB acquires 50pc stake in Kasabank

The NLB Group comprises 58 companies on 18 European markets, of which 15 are banks, 11 leasing companies, 11 factoring…

#acquisition#bank#banks


Specialised financial service companies eye the market

Companies that provide financial services from the European Union continue to notify the NBR (National Bank of Romania) of their…

#bank#financial services#international


Extending credit to increase business – Coface

Coface believes that extending credit terms can help firms win more profitable business, particularly when trading internationally (more…)

#bank#conference#debt collection

Czech creditors get least amount from bankruptcy assets in...

A creditor in the Czech Republic gets the lowest amount in the EU countries, server Mesec.cz said, referring to statistical…

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