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Myanmar, Thailand to introduce account trade system

Myanmar and Thailand have agreed to introduce an account trade system in 2004 to avoid always using currency in business transactions. According to the Union of Myanmar Federation of Chambers of Commerce and Industry, the agreement between the Myanma Agricultural...

Freedom Financial announces new vice president

Freedom Financial, Inc., a rapidly growing provider of factoring, purchase-order financing and additional asset-based lending services, has announced the appointment…

#commercial finance#i#order financing


Investment companies launch fund to finance SMEs in northern...

Two investment companies are reported to be launching a local investment fund (fonds d'investissement de proximite or FIP). Credit Mutuel…

#investment#smes#Two


Economic shock therapy pays off in new prosperity

Estonia is the economic wunderkind of the accession states. It’s a decade since the Baltic country decided to put itself…

#bank#IMF#Paid


Bank Pekao takes next step in consolidating its leasing...

Bank Pekao has increased the capital of Leasing Fabryczny by zl. 15.7 million (US$4.2m), which now stands at zl. 28.1…


SME’s finances weak

Nearly 4 out of 10 small- and medium- sized domestic enterprises (SMEs) are unable to cover interest payments on their…


Erste Bank considers bank takeover in southern Poland

Erste Bank is considering a takeover of a Polish bank with a good position in the southern parts of the…

#bank#financial services#poland


Dramatic rise in small business optimism

Further evidence of the improved atmosphere for small firms is revealed in a survey by the Bank of Scotland (BoS).…

#bank#financial services#NatWest


Sanpaolo IMI, the EIB and Fiat in SME loan...

Factoring company Sanpaolo IMI, the European Investment Bank (EIB) and Fiat will sign a memorandum of understanding in Turin to…


Outlook of global economy bright over coming years

According to the Bank of Finland, global economic growth has picked up, with the US and Asia in particular exhibiting…


Indicator of economic sentiment shows good prospects for 2004

The Centre for European Economic Research (ZEW) Indicator of Economic Sentiment, a monthly Financial Markets survey, shows the balance between…


MPS Foundation acquires stake in SME finance company

The board of administration of the Monte dei Paschi di Siena (MPS) Foundation agreed an investment in Finanziaria Senese di…

October trade deficit soars

The trade deficit soared to US$674.2m in October from September's US$417.6m, as imports grew at a much faster pace than…

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