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Europe

Export insurance and credit sources update

The Export Credits Guarantee Board (EKN) offers long-term financing; Svensk Exportkredit handles short-term financing. The EKN, which is 100% state owned, covers both political and commercial risk. The main categories are medium (1–5 years) and long (five years +). Short-term...

Cancer 'lies' of Versailles fraud chief

Fred Clough, the disgraced finance director of collapsed trade finance house Versailles, lied to his board that he had cancer…

#banks#Goldman Sachs#trade


Prime Minister concerned about SME

"Dangerous tendencies" have been detected in the way the Russian economy is developing which demonstrate "numerous problems in providing for…

#economy#GDP#investment


SMEs are missing out on Europe

As the country begins to turn its attention to whether or not it approves of the EU's Constitution, concern is…

#forum#small business#small businesses


Slovakia gets Skk 32,1 million of new FDI in...

New foreign direct investment (FDI) in Slovakia amounted to Skk32.1 billion (Ђ802.5 million) in 2003, down by Skk150 billion on…


SMEs record major uplift in confidence

There has been a marked improvement in business confidence among small firms, according to the latest quarterly survey by the…


Senior finance executive – just the job for fraud

Wanted. Male, 36-45, finance experience, senior executive level. That, according to analysis by forensic accountants at KPMG, is not so…

#frauds#Goldman Sachs#Two


Business failures set to hit 6-year low in 2005

According to a report published today by the business advice group BDO Stoy Hayward, the number of bankruptcies is set…

#bankruptcy#British business#economy


Bad debts a growing problem for exporters – IEA...

Over half of Irish exporters had customers who did not pay them over the last year, according to a survey…

#bad debts#cash-flow#exporters


MFB records HUF6.14bn net income in 2003 – new...

State-owned Hungarian Development Bank (MFB) recorded a net income of HUF6.14 bn (US$27.4 m) in 2003, according to the company's…

#bank#funding#interest rate


Exporters increasingly shun ECGD support scheme – CBI chief

CBI chief Digby Jones has accused the government of undermining support for British exporters and exacerbating the number of manufacturing…

#exporters#exports#international


EBRD releases Ђ40 million to SMEs

The European Bank for Reconstruction and Development (EBRD) will release Ђ40 million for Bulgarian commercial banks to extend loans to…

Bibby Financial Services combine products in new offering

The Bibby Financial Services Group has announced the roll out of a new service offering to add to the list…

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