Europe

European Commission recommends pan-European financial risk watchdog.

Simon Peterman, Factoring Manager with Raifeissen Bank, Austria talks with Factorscan about the development of factoring services in the region.

The European Union has highlighted the significance of adequate financing for SMEs in the downturn.

Factors Chain International statistics for year ended 2008 have named GMAC Commercial Finance plc as the largest import Factor in Europe

Joanne Aaron of Atradius, UK, highlights the central role the credit insurance industry plays in protecting factors in the crisis.

Business managers expect activity to contract in Europe in 2009, due to the financial crisis and its expected consequences, according to the seventh edition of the Eurofactor Barometer Survey.

Profi Credit IFN SA, a member of the Czech financial group Profireal Group, on Monday set the official date to launch its operations on the Romanian market

The European Investment Bank's board of directors has approved the Corporate Operational Plan 09-11, setting out increased lending targets to mitigate the current financial and economic crisis

The EBRD has hosted two seminars in Belgrade and Podgorica, advising financial institutions interested in starting or increasing factoring operations.