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Europe

Factors lose out on Parmalat creditor list

Factoring companies that supplied working capital finance to subsidiaries of Parmalat will receive nothing in compensation, according to Enrico Bondi, the government-appointed administrator of the failed Italian dairy group. Bondi has rejected requests from factoring companies such as GE Commercial...

SME profitability hit by rising costs – CBI

The Bank of England's attempts to cool the economy is hampering the recovery of smaller manufacturers, according to a survey…

#bank#Bank of England#economy


Over SKK1.7bn distributed to support SMEs

The Labor, Social Affairs and Family Center (UPSVR) distributed altogether SKK1.738 bn last year as a non refundable subsidy for…

#smes


Small businesses get major banking boost from EU Guarantee...

State bank Bank Gospodarstwa Krajowego (BGK) is launching the EU Guarantee Fund (FPU) which will eventually have a capital of…


Company doubles its funding capability in deal with EUROFACTOR

The Giffen Group, a highly successful and versatile electrical contracting company operating largely in the railway industry, has more than…


NBU forecasts FDI to exceed $2bn in 2004

According to the Finance Ministry's calculations, payments to reimburse foreign state debt of Ukraine will be covered from new borrowings…

#bank#economy#international


Tour operator in administration cites credit factoring

Shares in the Italian tour operator Compagnia Italiana Turismo (CIT) plunged 10.36 per cent yesterday in Milan on the news…


Bank of England signals rates are near peak

The Bank of England has signalled that interest rates are near their peak, suggesting that only one or two more…

#bank#Bank of England#GDP


Businesses must ensure they protect against non-payment when exporting

Fortis Commercial Finance says preparation is essential for fast-growing businesses. In the last few years there has been a huge…

#bank#commercial finance#International Trade


New regional managing director for Cattles Invoice Finance

Cattles Invoice Finance has strengthened its northern team with the promotion of Wayne Smith to regional managing director for the…

#invoice#management#risk


New board director for Venture Finance

Venture Finance, a leading invoice and asset-based financier, has announced the promotion of Sandeep Nighoskar to its Board. Sandeep’s new…

#i#international#invoice


MBO bosses dig deep for cash

A willing seller, a ripe opportunity and a strong management team should together prove a great recipe for a successful…

EUROFACTOR strengthens new business team

EUROFACTOR has announced that John Dodsworth has joined its new-business team in London and the South East as regional commercial…

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