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Ultimate Finance says first year objectives met

From the period 10 January 2002 to 30 June this year, Ultimate Finance reported sales of Ј485,117, with a pre-tax loss of Ј663,083. Operating loss was Ј655,000, in line with expectations. Client turnover factored or discounted during the period amounted...

Bank of New York and GMAC agree on settlement

The Bank of New York Company, Inc. (BNY) and General Motors Acceptance Corporation (GMAC) have agreed to a settlement regarding…

#bank#SEC


Parliament approves gradual decrease in corporate income tax

The Chamber of Deputies, the Czech lower house of parliament, has approved an amendment to the income tax cutting corporate…


Banca Comerciala Romana privatisation to be completed in 2006

The privatisation process of Romania’s largest commercial bank Banca Comerciala Romana will be completed by 2006 once the government has…

#bank#IMF#memorandum of understanding


West Bengal Industrial Development Corporation to securitise asset portfolio...

Leading Indian and foreign banks, including Citigroup, Deutsche Bank, Syndicate Bank, ICICI Bank, and State Bank of India, have evinced…

#bank#Deutsche Bank#international


FP6 research funding opportunities, rules and processes online

SME TechWeb, the information service for small- and medium-sized enterprises (SMEs) seeking European research funding, has been revamped to provide…

#European Commission#funding#smes


Customs offer SMEs intellectual property protection at reduced fee

Small- and medium-sized businesses (SMEs) are to be encouraged to take advantage of the protection offered by Customs and Excise…


Firm folds under factoring agreement when ES Bankest forced...

What started as a helping hand has strangled a struggling local tech firm. Chantilly-based Stratesec abruptly shut its doors because…

#bank#cash-flow#international


FDI in Slovakia rises 12.5 per cent in first...

Foreign direct investment (FDI) in Slovakia rose in the first half of 2003 by 15.2 per cent year-on-year to Sk20.838…


Slovak central bank cuts rates by 0.25 pts

In a move that caught the market off-guard on Thursday (25 September), the Slovak National Bank (NBS) cut key interest…


SME rating agency enters pilot phase

Promising increased transparency and easier access to financing for small-and medium-sized businesses (SMEs), the Prague Chamber of Commerce, Czech Credit…

Industrial Bank of Korea to lend 1,000bn won to...

The Industrial Bank of Korea unveiled its plan yesterday (26 September) to provide a total of 1,000bn won ($865.8m) in…

#bank#bankruptcy#Clear

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