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Europe

Legal changes 'may hinder' venture capital

Proposed legal, accounting and regulatory changes could hinder the growth of the venture capital industry and an enterprise culture in Ireland, the Irish Venture Capital Association (IVCA) warned last night. The Irish venture capital industry has Ђ325m available for investment,...

SMEs offered access to EU billions

The Sixth Framework Programme, known as FP6, is the EU's main way of providing funding for collaborative research and innovation…

#awards#European Commission#funding


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…

#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…

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