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Prime Minister Mikhail Kasyanov said that the government was "pressing on with tax reforms," recalling that from 2004 VAT would go down from 20% to 18% and the sales tax would then be abolished. The unified social tax or payroll...
The popularity of factoring and invoice discounting as a financing option has continued to grow as industry turnover hit record…
#exporters#international#invoice
Professionals from three of Bristol’s leading firms have helped secure a management buy-out (MBO) at leading wetsuit company, Gul International.…
#commercial finance#emerging markets#international
Africa’s bid to stimulate private sector led growth and increase cross-border trade received a major boost with the signing of…
#bank#political risks#trade
Attorney General Soli J Sorabjee today defended the Securitisation Act in the Supreme Court. The Court was hearing petitions challenging…
#banks#financial institutions#interest
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has approved in principle the offer of…
#bank#international#risk
Many federal agencies still are not complying with an executive order issued a year ago by President Bush directing them…
#compliance#small business#small businesses
In July the Department of Trade and Industry (DTI) announced new proposals to raise medium-sized company thresholds to the EU…
#management#security#smes
State development bank Nacional Financiera (Nafin) will channel more than 3 billion pesos (US$ 273.7 million) in loans to small-…
According to a survey by China’s central bank value-added industrial output recorded by small- and medium-sized enterprises (SMEs) was 1,400…
#bank#financial institutions#investment
Rules designed to prevent struggling companies from becoming insolvent came into force yesterday (15 September), to warm applause from small…
#Crown preference#insolvency#smes
CIT Group Inc. (CIT) announced today that its Commercial Services business unit has acquired a substantial portion of the US…
Bank of Baroda and Small Industries Development Bank of India (SIDBI) have teamed up to co-finance the small-scale industries (SSI)…