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Base rate cut by 50bps

The Monetary Council of the National Bank of Hungary Rt (MNB) has cut the central bank base rate by 50 basis points, from 11.5 per cent to 11 per cent, in line with expectations. MNB president Zsigmond Jбrai claimed that...

#bank#inflation#international

Risky Business – Protecting your company from fraud

Law firm Hammonds is to present a ‘Fraud in the workplace’ seminar on September 7 in London. The focus of…


Credit ‘blacklist’ to be scrapped

The Korean government is planning to end the blacklisting of credit delinquents by the end of the year, the Ministry…

#banks#economy#WHO


Bank to offer SMEs wider credit options

BRD - Groupe Societe Generale, the Romanian-French banking group, said it would grant small and medium-sized enterprises (SMEs) leu and…


SMEs upbeat on output, exports

The Finnish Confederation of Industry and Employers, TT, said its index measuring the business cycle outlook for small- and medium-sized…

#exports#smes


Factor sees fall in income for Q2 2004

Siam General Factoring Plc (SGF), the Thai factor, has reported a net profit of Bht 86.33m for second quarter 2004.…

#leasing


Factors lose out on Parmalat creditor list

Factoring companies that supplied working capital finance to subsidiaries of Parmalat will receive nothing in compensation, according to Enrico Bondi,…


Dutch grant for Mozambique SMEs through PSOM

According to the national news agency, AIM, Holland has pledged a grant of Ђ2 million to finance projects involving small-…

#emerging markets#funding#Jobs


Government to formulate programme and financing for SMEs

The International Trade and Industry Ministry (Miti) has identified new services areas to be promoted through its agencies. These areas…

#bank#exports#international


SME profitability hit by rising costs – CBI

The Bank of England's attempts to cool the economy is hampering the recovery of smaller manufacturers, according to a survey…

#bank#Bank of England#economy


Over SKK1.7bn distributed to support SMEs

The Labor, Social Affairs and Family Center (UPSVR) distributed altogether SKK1.738 bn last year as a non refundable subsidy for…

#smes


Small businesses get major banking boost from EU Guarantee...

State bank Bank Gospodarstwa Krajowego (BGK) is launching the EU Guarantee Fund (FPU) which will eventually have a capital of…

Key interest rate lowered

The Bank of Korea unexpectedly cut the key interest rate by a quarter of a percentage point. It is the…

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