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Europe

Businessmen's Association of Romania warns on EU joining costs

The Businessmen's Association of Romania (AOAR) warned Romanian companies that they would face very high costs resulting from the country's planned accession to the European Union (EU), which should be compensated through an adequate negotiation of EU funding. "European integration...

#funding#GDP#liquidity

BRE Leasing profit nearly doubles

Net profit of BRE Leasing increased to Zl3 million in 2003 compared to Zl1.6 m in 2002. Volume of new…

#bank#leasing


Trade to Norway soars

Romanian - Norwegian trade exchange continued to show growth last year and reached US$190 million, compared to US$170 million in…

#exports#trade


ECGD helps boost small companies in the Northeast with...

A small County Durham-based specialist engineering company has won Ј6.7million of business to supply copper tube manufacturing equipment to Mexico…

#bank#exporters#exports


Bank of England raises rates

The Bank of England raised its main interest rate today for the second time in three months. The quarter-point rise…

#bank#Bank of England#Deutsche Bank


Serbian companies lack funds for financing export production

The main reason identified for the big foreign-trade deficit in the past year is the inability of companies to find…

#bank#guarantees#interest


Shipowner boosts stake in debt collection agency

John Fredriksen, best known for being the world's largest tanker owner, has boosted his stake in debt collection agency Aktiv…


Audit change for SMEs has a bright side

Following the warning from the Forum of Private Business (FPB that new small-firm audit regulations could put directors' homes at…


Versailles never generated a profit in nine years, court...

Versailles, the trade finance company which collapsed in 2000 owing Ј70m to its banks, made no money whatsoever from the…


Growth of output and new orders remains significant in...

January’s seasonally-adjusted CIPS/Reuters Purchasing Managers' Index (PMI) – a composite indicator designed to provide an overall view of conditions in…

#DEC#economy


New system of guarantees will satisfy more applicants

The main goal of the Slovak Guarantee and Development Bank (SGDB), Inc. this year is more capital issued to effectively…

#bank#banks#guarantee


New joint factoring venture announced

BZ WBK Faktor, owned by BZ WBK bank and Bibby Factors, the Polish unit of the UK’s Bibby group, will…

Cushnie firm 'received Versailles cash'

Carl Cushnie, founder of the collapsed FTSE 250 company Versailles, channelled more than Ј610,000 in payments from within the group…

#banks#crisis#i

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