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Europe

Bank of England increases the cost of borrowing

The Bank of England has raised interest rates to 3.75% - the first rise in almost four years. The previous rate of 3.5% was the lowest for 48 years. In a statement, the Bank said a "modest increase" was necessary...

#bank#Bank of England#interest rates

Slovak EXIM Bank increases support for exports

State-run EXIM Bank plans to support exports worth 60.5 billion Slovak Crowns (SKK) in 2004, which makes up 7.5 percent…


HSBC launches on-line trade credit insurance service for small...

HSBC Insurance Brokers has launched Cover Credit, a real-time, interactive on-line trade credit insurance service for small- and medium-sized businesses…


Corporation tax revamp will hit smaller businesses says ACCA

ACCA (the Association of Chartered Certified Accountants) warns that UK businesses - especially small- to medium-sized enterprises (SMEs) - will…

#ACCA#inflation#international


Exim Bank signs an accord with Brazilian bank

Romania’s Exim Bank said it has signed a cooperation accord with Brazil’s Bank for Economic and Social Development. “The accord…


Central bank lowers intervention rate

Romania’s central bank board has decided to lower its intervention rate by 0.06 percentage points to 20.19% in a move…

#bank#inflation#trade


Only one bidder for Konzumbank

The sole offer for Konzumbank, made by the Hungarian Foreign Trade Bank Rt (MKB), was unanimously accepted by the board…

#bank#interest#smes


Mixed bag for SMEs in BoE report

The Bank of England's latest investigation into conditions for small businesses has turned up a 'mixed picture' of results. The…

#bank#Bank of England#NatWest


Factoring portfolio soars 39% in 9 months

The aggregate factoring portfolio of the members of the Lithuanian Leasing Association (LLA) grew by 39.1 per cent during the…

#factoring statistics#international#international factoring


CIT sets up Dublin European hub

CIT Group, the US-based commercial and consumer credit finance firm, announced yesterday that it is to centralise its European operations…

#CIT#small business


Survey prompts call for urgent review of late payment...

Legislation brought in last year has made little impact on the UK's chronic problem of late payment, a survey by…


Slovakia to introduces tax reforms in 2004

From January 2004 the corporate tax will decrease to 19%. Currently, employees and self-employed pay progressive taxes between 10% and…

#Bill#GDP#VAT

Community Habitat Finance Romania a competitor for local SMEs...

Community Habitat Finance (CHF), the Romanian branch of Community Habitat Finance International - a nonprofit American organisation, launched a finance…

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