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A difficult year ahead for Turin's SMEs

The president of API Turin (The Association of Small and Medium Sized Companies), Sergio Rodda said: "The Turin small- and medium-sized companies (SMEs) will have to be more pessimistic than they were a few months ago with regard to the...

BVK and AKKORD VF launch subsidised factoring programme

A new business-development financing programme for micro and small companies has been launched by the Budapest Foundation for Enterprise Promotion…


First Factoring and Venture Capital seal partnership deal

The First Factoring Company of Zimbabwe (FFCZ) has entered into a partnership with the Venture Capital Company of Zimbabwe (VCCZ)…


World Bank approve $3bn aid for economic growth and...

The World Bank board have approved an aid strategy for Ukraine in 2004-2007, envisaging loans of up to $3 billion,…

#bank#trade#World Bank


Harvey-Jones hits out at 'criminal' late payers

Companies that do not pay small suppliers on time are contributing to the high failure rate of startups and should…


Amendments to the Portuguese Securitisation Law

The Portuguese government has introduced several changes to the 1999 Securitisation Law with a view to improving the domestic securitisation…

#capital requirements#management#receivables


Central and Eastern Europe an open door for business...

Capping a decade-long drive to build market-based economies on Communism's jagged ruins, eight former Iron Curtain countries, along with Malta…

#exports#international#International Trade


Ex-TMB chief sets up SME financial consultancy

A veteran of nearly 30 years in financial markets and former chief of three commercial banks, Somchai Sakulsurarat is too…

#bank#financial services#management


CIT Group posts 10% earnings jump

Livingston-based commercial and consumer-finance company CIT Group Inc. posted a 10 per cent jump in third-quarter earnings, citing gains in…


SME strategy and 30bn dinars allocated for economic development

Serbian Prime Minister Zoran Zivkovic announced during a regular press conference that a strategy for the development of small- and…


Factor 21 reports profits soaring in 2003

Factor 21 plc, a privately-owned factoring company, have reported pre-tax profits for the year to 30 June 2003 of Ј191,669,…

#recourse factoring

Banks' efforts to dispose of bad assets may fail...

The banking industry's effort to dispose of its bad assets via the special purpose vehicle route is doomed to fail…

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