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Europe

BDPME results show increased profit and reduced cost of...

France's bank for SMEs, Banque du Developpement des Petites et Moyens Entreprises (BDPME), registered an 8.6 per cent rise in profit in 2003, to Ђ30.2m, with revenue up by 1.6 per cent at Ђ289.2m. The bank also reduced the cost...

#bank#risk#smes

Ultimate Finance Group interim results – turnover up 336%

The Ultimate Finance Group has released its interim results1 for the six months ended 31 December 2003, which show a…


MTB takes out 10 billion euro loan for SMEs

Magyar Takarйkszцvetkezeti Bank Rt (MTB) signed a deal with Kreditanstalt fьr Wiederaufbau (KfW), the German development bank, to take out…

#bank#investment#investments


MNB cuts its benchmark interest rate

The National Bank of Hungary (MNB) unexpectedly cut its benchmark interest rate a quarter percentage point. The Monetary Council lowered…

#bank#GDP#inflation


Austria's Oberbank enters the Czech SME banking market

Austria's Oberbank will be the first bank to enter the Czech market after the country joins the European Union. The…

#bank#First Bank#smes


FDI inflow slows in January

The inflow of foreign direct investment (FDI) in Bulgaria for January 2004 totalled US$ 39.5 million (0.2 per cent of…

#GDP#investment


ECGD announces new procedures to combat bribery and corruption...

Strengthened procedures to minimise the risk of bribery and corruption on business deals supported by the Export Credits Guarantee Department…


SMEs in line for free IT training

Thousands of small businesses could be entitled to free IT training following the expansion of a government-sponsored skills initiative announced…


Dynamic Commercial Finance preliminary results

Dynamic Commercial Finance plc (DCF) have released preliminary results for the year to 31 December 2003, reporting a first full…


Better Payment Practice Group appoints new chairman

The Better Payment Practice Group (BPPG) has announced the appointment of Dr Richard Wilson, business policy executive at the Institute…


UK Matrix Group acquires private equity business from GLE

UK Matrix Group has agreed to acquire the private equity arm of Greater London Enterprise, GLE Development Capital (GLEDC). Matrix…


John Major to be questioned in Mayflower audit inquiry

John Major, the former Conservative Prime Minister, faces questioning by the City watchdog over a Ј20 million black hole at…

VAT fraud helped to take 11bn euro toll on...

The huge VAT fraud on computer parts sales to Britain helped knock more than Ђ11bn off Irish exports last year,…

#economy#exports#i

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