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Europe

Business insolvencies drop in 2004 – Euler Hermes

The wave of corporate insolvencies in Germany has ebbed somewhat in the course of this year but could rise again slightly in 2005, a top credit insurance company reported. At the same time, Germany's information technology (IT) sector is becoming...

#insolvencies#insolvency#insurance

Better payment practice group updates advice for exporters

The Better Payment Practice Group (BPPG) has updated the exporting section of its website, www.payontime.co.uk to give businesses credit management…

#exporters#exports#management


EBRD to lend Ђ10 m to CAC Leasing

CAC Leasing will draw a loan from the European Bank for Reconstruction and Development (EBRD) of Ђ10 m. The contract…


NBS cuts key interest rates

National Bank of Slovakia (NBS) has cut key interest rates by 50 basis points. From Monday, 29 November, the one-day…


SMEs write off nearly Ј6.5 billion a year in...

Small businesses in the UK are losing a staggering Ј6.5 billion every year due to unpaid invoices, according to new…

#commercial finance#credit protection#invoice


IGF appoints new regional sales Director

Independent Growth Finance (IGF), one of the country's fastest growing business finance providers, has promoted Mike Bailey to the position…

#bank#IGF#invoice


Societe Generale buys extra BRD stake

France's Societe Generale, majority owner of BRD-Groupe Societe Generale, bought the state's remaining 7.3 per cent last week. AVAS said…

#acquisition#bank#investment


Euler Hermes expects revenue of more than HUF 2bn...

Hungarian subsidiaries of Euler Hermes, a big provider of credit insurance and manager of trade receivables, expects to end the…


Birmingham insolvency expert appointed to key leadership role at...

Tony Supperstone, a leading insolvency and business recovery partner at the Birmingham office of accountants BDO Stoy Hayward LLP, has…


Euler Hermes down 4.91%

Shares of Euler Hermes, the French credit insurer, lost 4.91 per cent in Paris yesterday, closing at Ђ50.35, after reaching…


Give UK businesses a break Mr. Chancellor

The UK will see a significant rise in business failures next year if Gordon Brown does not use the pre-budget…


GMAC Commercial Finance northwest boosts factoring and invoice discounting...

GMAC Commercial Finance (GMAC CF) has announced the appointment of Paul Morgan to its Manchester office, where he will be…

#cash-flow#commercial finance#invoice

EIB loans to SMEs to boost economy

The European Investment Bank (EIB) has prepared a solid foundation on which to build a bridge to join the wealthy…

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