German businesses plan to increase investment in people and production in the UK, but more needs to be done to improve post-Brexit trading, say leading business and tax advisory firm, Blick Rothenberg. Nils Schmidt-Soltau, a partner at the firm, said: “A recent survey by the German-British Chamber of Commerce found that most UK-based German businesses […]
According to the latest figures, the European factoring industry experienced continuous growth in 2023, but at a slower rate compared to previous years. The total factoring turnover for European countries reached 2tn 44bn euro, with a year-on-year growth rate of 2,1%. While this growth rate is among the lowest recorded by the EUF since data […]
The number of Mainland Chinese small businesses that expect to grow and hire new employees this year is on the rise, reflecting an improving business environment, according to a new survey by one of the world’s largest professional accounting organisations, CPA Australia. CPA Australia Asia-Pacific Small Business Survey 2023-24 – Mainland China results CPA Australia’s […]
Brite Payments, a leader in instant bank payments, today announced that it has partnered with leading e-commerce platform Shopware to bring the benefits of its open banking-based instant payments to businesses across Europe. Shopware merchants can now easily activate Pay by Bank (aka account-to-account or A2A payments), which enables their customers to pay instantly, directly […]
smeGo, the pan-European financial services platform dedicated to established small and medium-sized enterprises (SMEs) announced a substantial 44% increase in the portfolio size in the Netherlands after successfully launching in the market last year. The company reports that it is happy to witness a doubling of the number of incoming requests for financing in one […]
In the latest report on GDP (gross domestic product) from the US Bureau of Economic Analysis, real GDP growth in the first quarter of 2024 slowed dramatically from the growth registered in the second half of 2023. Real GDP grew at only 1.6 % in the first quarter (seasonally adjusted annualised rate), and that compared to 3.4 […]
Brite Payments, a leader in instant bank payments, today announced the launch of Brite Instant Payments in Germany. The fast-growing Swedish fintech enables instant account-to-account (A2A) payments and payouts, leveraging Europe’s open banking infrastructure. The launch of the company’s full solution in Germany marks its most significant market expansion to date, building upon its strong […]
Continental Europe is largely represented by P2P platforms with external loan originators. Most of them are concentrated in Spain. Third-party creditors in the consumer segment of the European P2P market account for 56.6% of the total. There is a certain pattern associated with the age of the platforms. Companies operating for 8 years or less […]
We are pleased to release the preliminary world factoring statistics for 2023, indicating that the factoring and receivables finance industry volume witnessed an increase of +3.3% in 2023, following a double-digit increase of 18.3% in 2022. Compared with the previous year’s €3,659bn, the 2023 estimated volume of €3,781bn represents lower increase than the last 2 […]
Europe’s national tourism authorities have met to advance shared solutions to the biggest challenges facing tourism as well as the opportunities offered by the sector’s post-pandemic return. The 70th meeting of the UN Tourism Commission for Europe brought together 40 high-level representatives in the Albanian capital. With the participation of nearly all UN Tourism’s members […]
