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MEPs vote in favour of EU small business accountancy...

Very small companies could be exempted from having to draw up annual accounts, after MEPs approved changes to EU accounting rules in Strasbourg on Wednesday. (more…)

Late payments costing SMEs almost Ј2 billion a year

Chasing late payments could be costing the UK s small business sector 1.9 billion a year, according to new research…

#financial services#invoice#late payment


Factoring Association of Turkey reports 26 per cent growth

The Factoring Association of Turkey experienced a 26 per cent growth in turnover in 2009, ending the (more…)

#crisis#factoring industry#management


New Civil Code factoring law to come into force...

The Budapest Times has announced the new regulations regarding factoring agreements that are to be detailed in Hungary s revised…


CIT expands factoring agreement with LF USA

CIT Group today announced that it has expanded its factoring relationship with LF USA Inc, a subsidiary of (more…)

#CIT#i#liquidity


Bankruptcies at start of year double 2009 figure

The number of companies that became bankrupt doubled in the first two months of this year compared to the same…

#bank#bankruptcy#receivables


Muscat Finance announces 2009 dividend

Muscat Finance, a factoring, working capital finance and leasing firm based in Oman, has announced a six per cent post-tax…


Global Trade to expand 9.5 per cent in 2010

After the sharpest decline in more than 70 years, world trade is set to rebound in 2010 by growing at…


Royal Bank of Scotland to sell RBS Factoring GmbH

Royal Bank of Scotland Group PLC today announced that it has agreed to sell its German factoring unit RBS Factoring…


EIB assists SMES in Austria with loan to BAWAG...

The European Investment Bank is to extend a 100 million loan to Bank f r Arbeit und Wirtschaft und sterreichische…

#bank#crisis#economy


Value Factoraje to merge with fellow Value Grupo subsidiary

Value Grupo Financiero is to merge its factoring subsidiary Value Factoraje with (more…)

#leasing


International trade approaching pre-recession levels, according to NBF

Global GDP and international trade are gradually approaching their pre-recession levels, according to the latest Monthly Economic Monitor from the…

#bank#exports#international

Bibby Financial Services sets up small business fund

Bibby Financial Services has today announced a multi-million Pound invoice finance offering, tailored to support small businesses in the UK.…

#financial services#invoice#small business

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