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Europe

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 cent to spur sluggish inflation in the oil-backed economy. The widely forecast cut in the deposit rate was the ninth...

#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,…


Hansabankas appoints CEO of Hanza Lizingas

Andrius Urbonas, formerly the factoring director of Hanza Lizingas, a subsidiary of Hansabankas, is appointed as CEO of Hanza Lizingas.…


New appointments at Bibby Factors Northeast and Yorkshire

Bibby Factors Northeast is pleased to announce today the appointment of Terry Brown as head of sales. In his new…

#cash-flow#financial services#i


New sales and marketing director for Bibby Factors Slough

Bibby Factors based in Slough and Bristol, a specialist provider of business cashflow solutions, has today appointed Julie Ashmore as…


Cattles IF backs Hull security start up

Hull entrepreneur Garry Ireland has set up a specialist security services firm, Humber Security Services, with funding from Cattles Invoice…

#funding#invoice#Jobs


Upturn in UK economy reopens North-South divide

The steady acceleration in the UK economy, which began in the spring of last year, is beginning to have an…


Polish factoring turnover rises in 2003, more expected in...

Turnover in Poland's budding factoring market grew almost 18% to Zloty 12bn in 2003, said officials at the industry's Factoring…

#bank#conference#exports


Eurofaktor aims to double profit in 2004; seeks a...

Eurofaktor, a factoring company, is planning to purchase invoices worth over ZL1bn and to make a ZL6m profit in 2004.…

#SAFE#WHO


Number of big fraud cases almost doubles

Britain's fraud boom accelerated last year as the number of big cases almost doubled, according to a report published yesterday.…

#frauds#i#international


World Bank launches Small Grants Programme

The World Bank Sofia Office has announced the start of its Small Grants Programme 2004 in Bulgaria. The Small Grants…

#bank#World Bank

I was deceived, says Cushnie

Lawyers for Carl Cushnie, the founder of collapsed FTSE 250 company Versailles, said the executive chairman had himself been deceived…

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