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Interest rates cut to 50-year low

The Norwegian Central Bank (Norges Bank) reduced the sight deposit rate by 0.5 percentage points to 2.5 per cent effective 18 September. The overnight lending rate will also be reduced by 0.5 points. Source: www.norwaypost

Cabinet approves tax threshold changes

The Cabinet approved plans on Wednesday (17 September) to reduce company profit tax by 2% to 16% and to raise…


Global FDI confidence index shows Poland in 4th place

According to a report from global consulting company A.T. Kearney on the FDI (foreign direct investment) confidence index, the most…

#investment#investments#poland


KMB Bank assigned A1 rating

Interfax Rating Agency, the strategic partner of Moody's in Russia, has assigned a long-term credit rating of A1 (rus) to…

#bank#interest#risk


ESBA warns on proposed EU software patent legislation

The European Small Business Alliance (ESBA), a newly formed SME lobby, has said that the European Parliament will devastate the…


Manufacturers in exodus to lower production costs

The Korea Federation of Small and Medium Business (KFSM) said yesterday (18 September) that of 375 small- and medium-sized businesses…


Sygnet Invoice Finance Limited release financial statement

Sygnet Invoice Finance Limited have released their financial statement for the year ended 31 October 2002. The report shows the…

#invoice


Manufacturers “not out of the woods yet” as orders...

Hopes of a manufacturing pick-up suffered a setback this month as order books weakened, reversing last month's improvement, according to…

#international#Two#WHO


ECGD backs Lagan International Ltd with Ј7 million export...

Belfast-based Lagan International Ltd has won a major contract to expand and upgrade the Maldives’ second largest airport to international…

#bank#exporters#guarantee


SME Bank and Nova Scotia Bank link to boost...

The Small and Medium Enterprises Development Bank of Thailand (SME Bank) has formed an alliance with Toronto-based Nova Scotia Bank…

#bank#exporters#guarantees


Bridge Bank expands to downtown San Jose

Bridge Bank, N.A., a full-service business bank, said today it is expanding with a new office at 55 Almaden Boulevard…


Barclays launch Business Club

Barclays Bank has launched a new product for small-scale local businesses. The bank, previously known for dealing with large corporates,…

#bank#cash-flow#management

ICAI relaxes accounting standards for SMEs

The central council of the Institute of Chartered Accountants of India (ICAI) yesterday (17 September) approved the modifications to the…

#cash-flow#compliance#i

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