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GMAC CF expands European activities

GMAC Commercial Finance (GMAC CF) is expanding its European operations with new operations in Poland and Germany. Over the last 12 months, GMAC CF has seen an increase in the demand for finance facilities across Europe and so is on...

Versailles receivers search for Ј10m

Receivers appointed to trace an estimated Ј11m allegedly stolen by the former finance director of collapsed lender Versailles have recovered…

#bank#banks#WHO


Kazakhstan receives US$24.5 bn of FDI

Total foreign direct investment (FDI) in the Kazakh economy in 1993-2003 amounted to US$24.5 billion, Yerlan Arinov, head of the…

#economy#investment#trade


Culture of late payment shows no signs of abating

More than five years after the government brought in legislation to curb late payment, the average payment period of companies…

#financial services#insolvency#invoice


Small Debt Resolution Scheme to help SMEs

Bank Negara Malaysia will start promoting its Small Debt Resolution Scheme (SDRS) to small- and medium-scale enterprises (SMEs) by the…

#bank#banks#conference


Insurance Company Enters US Credit Insurance Market

Building on 10 years of steady growth in North America, Coface Holding Company, N.A., a unit of Coface Group, today…


New initiative from EUROFACTOR plugs gap in market

EUROFACTOR, the business finance experts, have launched a new initiative aimed at encouraging small and young businesses to 'take control…


Coface UK launches 'at-a-glance' online company rating system

Coface UK, a branch of one of the world's leading credit solutions companies, is providing an online company rating system…

#economic recovery#insolvency#management


Former Versailles director 'drained account'

Fred Clough, former finance director of Versailles, has admitted siphoning money out of the trade finance group and channelling it…

#bank#trade#WHO


The future of Thai banking

Finance companies have until mid-year to submit plans on whether they will upgrade to a full-service or retail banking licence…

#bank#financial services#management


SME factories see a bright future – CBI

The Confederation of British Industry (CBI) survey shows that orders are rising for the first time in three years, while…

#economic recovery#Jobs#smes


Hungary brings in 1.49 billion euros in FDI in...

Hungary attracted Ђ1.494 billion in foreign direct investment (FDI) in 2003, according to preliminary figures released by central bank (MNB).…

#bank#economy#exports

Profit of Unibanka at LVL 13.3 million in 2003

Latvijas Unibanka achieved a profit of LVL 13.309 million in 2003, down 2 per cent from 2002 when it reached…

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