NEW YORK (Dow Jones) — Three multinational institutions issued a joint pledge Friday to provide up to 24.5 billion euros ($31.2 billion) to support the banking sector in Eastern Europe and to fund business loans.
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Archive for February, 2009
UPDATE: World Bank, Others Pledge $31.2 Billion Aid For Eastern Europe (Nasdaq)
Saturday, February 28th, 2009China’s procurement in Europe commitment to world economy (People’s Daily)
Saturday, February 28th, 2009China’s procurement delegation arrived here on Friday for their final leg of the four-nation Europe tour, sealing deals amounting to some 2 billion U.S. dollars in Britain to show the country’s commitment to the world economy despite threats of gloomy recession. The event-packed visit in Britain has seen Chinese Commerce Minister Chen Deming having a working lunch with British Secretary for …
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Eastday-China’s procurement in Europe commitment to world economy (Eastday.com)
Saturday, February 28th, 2009China’s procurement delegation arrived here on Friday for their final leg of the four-nation Europe tour, sealing deals amounting to some 2 billion U.S. dollars in Britain to show the country’s commitment to the world economy despite threats of gloomy recession.
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Roland Berger presents Best of European Business Awards (Consultant News)
Saturday, February 28th, 2009Roland Berger CEO Professor Burkhard Schwenkern says Europe is well placed to pass the “stress test” of the current crisis. Roland Berger Strategy Consultants presented one company and two managers with the Best of European Business Awards for outstanding achievements.
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China’s procurement in Europe commitment to world economy (China Daily)
Saturday, February 28th, 2009China’s procurement delegation arrived in London on Friday for their final leg of the four-nation Europe tour, sealing deals amounting to some $2 billion in Britain to show the country’s commitment to the world economy despite threats of gloomy recession.
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AM Awards: Best start-up business, Smart Insurance Services (AM Online)
Friday, February 27th, 2009“It’s a unique idea – Smart Insurance Services has identified a gap in the market and developed a strategy and a business to fill it. It works in the UK and there’s no reason why it won’t work in the rest of Europe.”
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Eastern Europe Gets A Helping Hand (Forbes)
Friday, February 27th, 2009Major institutions including the World Bank pledge $30 billion to its banks, but it’s only a first step.
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How the Crisis is Hitting Europe (BusinessWeek Online via Yahoo! News)
Friday, February 27th, 2009As Prime Minister of the German state of North Rhine-Westphalia, Jrgen Rttgers wanted to save one of his industrial state’s biggest employers. So what did he do? He hopped a plane to Detroit, of course. On Feb. 18, Rttgers met with General Motors Chief Executive Rick Wagoner in an effort to persuade him not to shutter a factory in the city of Bochum, where 5,000 workers make sedans and minivans …
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Sending the Financial World to Save Eastern Europe (Time Magazine)
Friday, February 27th, 2009If some of the nations in Eastern Europe default on their debt, the world may look as it did three decades ago when several Latin American nations struggled to make payments on their sovereign obligations
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Europe cuts small business red tape (Accountancy Age)
Friday, February 27th, 2009The European Commission is abolishing accounting rules that force micro enterprises with turnover under EURO880,000 per year to submit audit reports to national authorities.
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