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Planned merger to leave single financial market overseer

The four bodies currently overseeing the Czech financial market will gradually merge over the coming years, resulting in one institution overseeing the market by 2009 or 2010, according to the Finance Ministry, the Czech National Bank (CNB) and the Czech...

APEC SMESA founded to help region’s SMEs

Nineteen service agencies from the Asia Pacific Economic Council (APEC) have announced the founding of the APEC Small- and Medium-sized…


New chairman for SME bank

The French state-controlled bank for SMEs has appointed as chairman, Jean-Pierre Denis, former head of Dalkier, a subsidiary of French…

#bank#management#SME bank


Calpia to become bank in January 2004

Finance company Calpia will become a bank in January next year according to Calpia general manager Silke Muffelmann. As a…

#bank#banks#insurance


EBRD report upbeat about economy but criticizes bankruptcy laws

The European Bank for Reconstruction and Development (EBRD) has identified flaws in the legal framework for business and the bankruptcy…

#bank#bankruptcy#insolvency


Small business index up; 'very strong' Q4 likely

The National Federation of Independent Business' (NFIB) monthly index of small business economic indicators jumped 2.1 points in October to…

#GDP#small business#small businesses


Cattles funds MBO with invoice finance deal

Cattles Invoice Finance has funded the management buy-out (MBO) of Bradford-based Slimline Windows Limited, manufacturers and installers of new pvc…

#invoice#management#trade


Fortis Group reports improved operating performance and significant recovery...

The Fortis Group have released figures for Q3 2003 showing net profit of Ђ677m, an increase of Ђ2.3 billion on…

#insurance


New Zealand business owners less optimistic than Australian in...

New Zealand business-owners are not nearly as confident about the economy as their Australian counterparts, according to the results of…


Cattles Invoice Finance reports Ј1.7m profit in 2002

Cattles Invoice Finance Group (Cattles IF) has recorded a pre-tax profit of Ј1.78m (Ј1.30m: 2001) and a gross income figure…

#financial services#invoice#management


Survey highlights accountants’ views on invoice finance

When recommending an invoice finance supplier, professional advisors’ top three considerations were, in order of importance: to be part of…

#bank#financial institution#invoice


Trade deficit up 44.4% in 9 months

The year-on-year foreign trade deficit increased 44.4 per cent to $15.4bn in the first nine months, the State Institute of…

#exports#trade

Central bank hikes intervention rate

Romania’s central bank board has decided to increase by one percentage point to 21.25 per cent its intervention rate in…

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