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Europe

Upturn in foreign direct investment

Foreign direct investment (FDI) in central and eastern Europe should top Ђ20bn in 2004 and 2005, according to Bank Austria Credianstalt (BA CA). Poland looks set to receive Ђ4.5bn in 2004 and Ђ4.9bn in 2005, a large amount compared to...

Acquisition of factor announced

The CIB group has bought the factoring firm Aginvest-Faktor Rt, Hungary’s second largest factor. CIB Group’s commercial finance units, CIB…

#acquisition#bank#commercial finance


Bibby Factors Northwest appoints new manager and head of...

Bibby Factors Northwest, a specialist provider of business cash flow solutions, has announced the appointment of Paul Mountain as regional…

#bank#cash-flow#financial services


CBI’s new president focus on restoring corporate reputation

Following confirmation of his appointment by the CBI's annual general meeting held in London yesterday, John Sunderland, executive chairman of…

#i#management#Two


UK firms stay loyal to banks and their finance

More than six in ten UK businesses have stuck with the same bank over the last five years, according to…

#bank#small business#smes


Factoring fraud at Parmalat under investigation

The Bologna public prosecutor's office last week began an investigation into the possibility of factoring fraud at the failed Italian…

#factoring fraud#financial services#Italian factoring


Overall leasing portfolio tops LTL 3bn

The aggregate portfolio of the members of the Lithuanian Leasing Association stood at LTL 3.028 billion in April. Since the…

#leasing


FDI growth in Ukraine slows in Q1

Growth in foreign direct investment (FDI) in the Ukrainian economy in the first quarter 2004 amounted to $216.3 million, which…


Help promised to the bank-stricken SMEs

The Central Union of Chambers (KEE) has said that abusive bank practices have a serious socio-economic impact, mainly through their…


British and Austrian banks and insurers to open affiliates...

Seven banks and insurance companies have expressed interest in opening an affiliate company in Latvia. The companies comprise three from…

#bank#banks#insurance


Sale of investment stake signals possible merger of two...

Peter Webb, the head of Unicorn Asset Management, has built up substantial stakes in a series of the UK's smaller…


New factor enters market

HVB Factoring Ltd., a daughter company of HVB Bank Slovakia, will launch its business activities in the Slovak Republic in…

#bank#banks#interest

New Regional Manager for EUROFACTOR Thames Valley

Reading-based EUROFACTOR has announced the appointment of its new regional manager to help serve its expanding client base in the…

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