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Europe

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 independent research commissioned by GMAC Commercial Finance (GMAC CF), one of the UK's leading independent corporate funding specialists. Cash flow...

#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…


BT's Bland says US Sarbanes-Oxley compliance 'a great burden'

BT PLC chairman Christopher Bland believes the regulatory regime prescribed by Sarbanes-Oxley legislation is "a great burden," imposing heavy costs…

#bonds#compliance#i


Latvian factoring and leasing market up 11.8 per cent...

According to the Latvian Lessors’ Association (LAA), the leasing and factoring market in Latvia has grown 11.8 per cent this…

#banks#interest#leasing


KFK to provide funding assistance to SMEs

The Sejm has begun work on a bill setting up a National Capital Fund (KFK) to support small-and medium-sized enterprises…

Berne Union elects Vice President

The coordinator of special projects in the Policy Group at the Export-Import Bank of the United States (Ex-Im Bank), Piper…

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