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Europe

Business confidence improves among SMEs

Perceiving a global recovery Hungarian firms are more optimistic regarding their business prospects and the country's economic situation in the coming months, according to the latest confidence report of research institute Ecostat. SME confidence was also up 1.2 points to...

New tax breaks for small firms

Small firms could miss out on financial savings because they are unaware of a new government tax incentive introduced this…


Finns hold record confidence in their personal economic situation

Finns are now as confident in their own economic situation as they were at the peak of the economic boom…


Financial Services’ optimism improves at fastest rate for five...

Financial services companies' optimism increased between December and March by more than at any time for five years, as business…

#banks#Boost#cloud


2003 record breaking year for start-ups

According to Barclays' quarterly Start-ups and Closures report, 465,000 new companies were set up in 2003, the highest level since…

#bank#training


HSBC reports record year for new business

HSBC Invoice Finance (UK) Limited has reported profits before-tax of Ј59.69m for the year ending 31 December 2003, an increase…

#bank#funding#invoice


Clough's Ј19m eludes receivers in Versailles case

Receivers for Versailles have recovered only Ј550,000 of the Ј19m fortune siphoned from the collapsed trade finance house by disgraced…

#3M#banks#trade


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…

#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

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