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Central bank rate cuts surprise market

The Monetary Council of Hungary's central bank MNB decided to cut its base rate by 25 basis points to 12.25 %, contrary to market expectations of no change. MNB last changed rates on 28 November 2003, when it raised the...

#bank#exports#international

Industry upbeat about growth

Greek industry has prospects for dynamic growth in the post-2004 environment, mainly due to extensive restructuring, which has enabled it…


COFACE Algeria’s first credit insurer – BNA

BNA Finances, published by the National Bank of Algeria (BNA), has named COFACE as the first credit-insurer operating in Algeria.…

#bank#guarantee#guarantees


Ј26m funding package spells a bigger, better Bibby

Bibby Financial Services has secured Ј26m of funding to boost its UK operations and to drive its international expansion. The…


New VAT rates to be applied from May 1

The Parliament adopted changes to the VAT law yesterday. According to the law, the reduced VAT rate of 5 per…

#interest#interest rates#leasing


Central bank reports rise in delinquent firms

The number of service businesses that defaulted on payments jumped last month. The Bank of Korea said yesterday that 401…

#bank


SVB Holdings PLC acquires trade credit insurer

SVB Holdings PLC, the specialist insurance and reinsurance group, today announces that it has acquired the business of Credit Indemnity…

#AON#financial services#reinsurance


ISME warns postal disruption will hit small business sector

The disruption to the postal services is already hitting small businesses hard and could result in redundancies within days, the…

#cash-flow#small business#small businesses


EXIM Bank to buy stake in Zambian Development Bank

The Export and Import Bank of India (EXIM Bank) is to pick up about a 20 per cent stake in…


SMEs take advantage of zero import tariff

Malaysian companies, especially small- and medium-sized enterprises (SMEs), have started to take advantage of the zero import tariff on Hong…

#economy#exports#GDP


SMEs expect higher revenue 2004, but not profit growth

Singapore's small- and medium-size enterprises (SMEs) are expecting an increase in sales this year, but they don't expect this to…

#Bill#international#regulation


Ex-Im Bank and SACE sign co-financing agreement – exporters...

The Export-Import Bank of the United States (Ex-Im Bank) and its Italian counterpart, Servizi Assicurativi del Commercio Estero (SACE S.p.a.),…

ASEAN-China investment fund launched to serve SMEs

The Swiss government, Asian Development Bank (ADB) and United Overseas Bank (UOB) launched an ASEAN-China investment fund on Friday as…

#ADB#bank#international

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