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Global Analysis

State aid for R&D favouring SMEs exempted from requirement...

As of 1 January 2005 the new definition of small- and medium-sized enterprises (SMEs) will be integrated into the Commission regulations on training aid and on aid to SMEs. In addition, the scope of the Commission regulation that governs State...

Hermes considers action to recover debt from Russian bank

Germany's Euler Hermes Kreditversicherungs (Hermes) credit insurance agency plans to sue bankrupt commercial bank Inkombank to recover past debts from…

#bank#bankruptcy#Commerzbank


UK secures higher OECD environmental standards for scrutinising capital...

More stringent environmental standards for assessing capital goods exports will come into force following a successful campaign by the UK’s…


A tale of overzealous central banks

An article by Desmond Lachman, a resident fellow at the American Enterprise Institute. In setting interest rates in a floating…


Israeli Credit Insurance Co doubles Russian credit line

Israeli Credit Insurance Co. (ICIC), a subsidiary of Israel Land Development Company, has doubled its planned credit framework for Russia…

#exporters#exports#international


HSBC forges ahead in factoring and trade finance

Today's buzzword in trade finance is supply chain management, which essentially means providing banking services across the trade chain -…


Italian credit facility for Ghanaian SMEs

A Ђ10-million credit line to support the growth of small and medium enterprises (SMEs) and enhance their contribution to the…


Myanmar, Thailand to introduce account trade system

Myanmar and Thailand have agreed to introduce an account trade system in 2004 to avoid always using currency in business…


Weak dollar hinders eurozone recovery

The downward trend of the US dollar, which has now lasted for more than a year, benefits American industry but…

#bank#banks#exports


Eurozone growth next year to reach 1.6 per cent

The European Central Bank and IMF put eurozone growth next year at around 1.6 per cent, but the IMF says…


Chinese export credit insurance to cover new soda plant...

CITIC Pacific Ltd. of China is to build a soda plant in Uzbekistan costing $100 million, according to a source…


USDA offers supplier credit guarantees for export sales to...

The US Department of Agriculture (USDA) has authorized US$75 million in supplier credit guarantees for sales of US agricultural commodities…

#exporters#exports#guarantee

STB sets aside funds from profits for SMEs

Standard Trust Bank (STB) has set aside over N600 million of its profits for small- and medium-sized enterprises (SMEs) development…

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