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Europe

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 support small- and medium-sized enterprises (SMEs). SGBD granted 268 bank guarantees to applicants last year and provided guarantees of more...

#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


SME confidence bounces back in January

Small- and medium-sized enterprises (SMEs) confidence was up two points to 46.7% in January, showing an unmistakable recovery from its…

#economy#inflation#investment


EUROFACTOR gets Sony approval to fund MBO

EUROFACTOR, the Reading-based business finance experts, have announced their most recent high profile deal by helping to fund the management…

#business finance#funding#invoice


Direct investment in fixed assets rise

Direct investment in fixed assets at Russian companies increased 12% in 2003 to US$72 billion, according to early figures. Foreign…

#exports#investment#trade


FDI growth slows in 2003

Foreign direct investment (FDI) in Lithuania rose 3% in 2003 to 13.6 billion litai (LTL), according to the Lithuanian Statistics…

#investment


Commerzbank discusses cooperation on SME banking

Commerzbank is considering kicking off the long-awaited consolidation of the German banking market with an acquisition of regional bank Schmidtbank.…


Think tank report asks why Revenue targets small firms

The latest quarterly report from the Tenon Forum, an independent think tank made up of leading entrepreneurs from the UK's…

#economic recovery#forum#smes


Metro Cash – The cash flow stress buster

For the 4 million people running their own small business in Britain, one of the biggest causes of stress is…


Norges Bank reduces interest rates

Norway's central bank cut its key interest rate yesterday by 25 basis points to a new record low 2.0 per…

#bank#economy#inflation


Debt knell for Ceska Konsolidacni Agentura

Bohuslav Sobotka, the finance minister, says that the cabinet has approved the ministry’s proposal to wind up the state-owned debt-factoring…

Versailles witness admits lying to firm's banks

Fred Clough arrived at Southwark crown court yesterday to give evidence against his former Versailles boss, Carl Cushnie Fred Clough,…

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