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Europe

City Invoice Finance Ltd celebrates 5 years in business...

City Invoice Finance Ltd, the Manchester-based cash flow solutions company, has announced a pre-tax profit of Ј514,645 for the financial year ended 31 December 2003. This is an increase of 7.25% on the 2002 figure of Ј479,835. In the same...

Exporters must do their homework or they could face...

British exporters must do their homework before targeting new overseas markets or they could end up with slow paying customers…

#Atradius#bank#Deutsche Bank


Factoring improves steelworks’ liquidity

After three quarters, Huta Ferrum steelworks is to present satisfactory results, says Jan Waszczak, the company's president. However, the company…

#bank#factoring contract#ING


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…


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

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