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Europe

Coface UK launches new receivables finance factoring service

Coface UK, a leading provider of credit solutions for business, has added to its range of credit management products with the launch of a new financing facility. The new service will give businesses access to an injection of working capital...

High Court told of disgraced Versailles director’s property portfolio...

Carl Cushnie, the businessman jailed for defrauding Versailles' investors, used the proceeds of his fraud to buy an Ј8.6m mansion…

#investment#investments#SAFE


Companies use increasingly efficient financial tools.

More and more Lithuanian firms use insurance of goods and currency fluctuation risks as a safeguard against possible losses while…

#bankruptcy#banks#insurance


Slovak EXIM Bank lowers base rate

EXIM Bank governor Ladislav Vaskovic has announced that the Slovak EXIM Bank has reduced its base rate for refinancing loans,…


Government extends export risk coverage to help Swiss exporters

The government has approved measures to compensate Swiss exporters who get their fingers burned abroad. Under these plans, exporters would…


US allocates US$ 40m to Ukraine to support small...

The US Overseas Private Investment Corporation allocated US$40m to Ukraine to support small- and medium-sized businesses (SMEs) and mortgage crediting…

#economy#investment#investments


Businesses bypass traditional loans

Just a few weeks ago, economics minister Wolfgang Clement said the main impediment to economic growth was the restrictive lending…

#bank#banks#bonds


Fixed charges over book debts

On 26 May 2004, the Court of Appeal revived the confusion of recent years by overturning the first instance decision…

#bank#financial institutions#insolvency


Poland bucks trend for FDI inflows

According to the new UN Conference on Trade and Development (UNCTAD) report, "World Investment Report 2004: shift toward services," it…


Ultimate Finance halves loss on soaring turnover in 2004

Ultimate Finance Group PLC halved its pre-tax loss in the year to 30 June to Ј338,609 from Ј663,083 on a…

#commercial finance#i#invoice


Benefits of leasing for SMEs

David Goodridge, partner at accountancy firm Kingston Smith, looks at the advantages of leasing for small businesses. Financing new equipment,…

#cash-flow#risk#small business


Splitting of EGAP proposed

The Finance Ministry has proposed splitting Exportni garancni a pojistovaci spolecnost (EGAP) guarantee and insurance company into two parts for…

Credit inquiries could hit 5 m annually in Russia...

The new Experian Interfax credit bureau could receive some 5 million credit inquiries per year, said John Hadlow, commercial manager…

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