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Europe

Government launches HUF 80bn loan program for municipalities and...

The government is launching three new loan programs in the total amount of HUF 80 billion (US$420m) to assist investments in the municipal and SME sectors, economy and transport minister Janos Koka announced after Wednesday's cabinet meeting. Loans under the...

#bank#banks#economy

Polish factoring firm Stock Market debut set for December

Eurofaktor, Poland's fifth-largest factoring company, will debut on the Warsaw Stock Exchange in December 2004 after completing institutional subscriptions during…

#bank#international#international factoring


Confidence in collecting the cash will reduce the barriers...

The Better Payment Practice Group (BPPG) is reminding budding entrepreneurs during Enterprise Week (15th-21st November 2004) that confidence in credit…


ICO to increase assistance to SMEs

In Spain, Instituto de Crйdito Oficial (ICO), a state-owned corporate entity attached to the ministry of economy and finance, plans…


Inter-Europa Bank to borrow Ђ25m to finance SME projects

Inter-Europa Bank will take out a Ђ25m loan from parent bank SanPaolo IMI SpA under a recently signed agreement to…


47% ICAEW members think use of invoice finance is...

Recent research conducted by the Institute of Chartered Accountants in England & Wales (ICAEW) revealed that the SME sector is…

#bank#cash-flow#invoice


Small firms prefer foreign banks, report states

Three foreign-owned retail banks have taken the top slots as the country's best small-business lenders. Further extending a lead it…

#bank#banks#forum


Plans to reform insolvency practitioner regulation

Plans to reform the regulation of insolvency practitioners in Great Britain were set out today by The Insolvency Service. The…

#insolvency#regulation#security


Company insolvencies the lowest ever rate while personal insolvencies...

During the third quarter of 2004, soaring levels of personal insolvency in England and Wales have increased by 6.2% on…

#bankruptcy#banks#insolvencies


Nearly 14 per cent growth in Lithuania's factoring market

The aggregate factoring portfolio of Lithuanian banks and leasing firms at the end of September was LTL 590.3 m, up…


Amlin Credit appoints new underwriting director

Amlin Credit, the specialist trade credit insurer of Amlin plc, is delighted to announce the appointment of Damien Dawson as…


Euler Hermes 9-months revenue slips

Credit insurer Euler Hermes, a unit of Assurances Generales de France SA (12592.FR), said nine-month revenue slipped 0.7% following the…

#3M#insurance#international

Late payment is still a chronic problem for Midlands...

Over half of Midlands owner-managers feel their business is being held back because of late payment by their customers. At…

#cash-flow#funding#invoice

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