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Citi has helped provide $365 million to 40 microfinance institutions in 22 countries

Thursday, April 24, 2014
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SMEs: a tool for delivering growth not mitigating austerity

15/10/2012 02:54 (556 Day 00:17 minutes ago)

The FINANCIAL -- Chambers welcome the 2012 SME Performance Review, launched today by the European Commission, which underlines the economic predominance of smaller businesses and their decisive role in driving competitiveness and creating jobs.


This review should act as a timely reminder – days before the EU Summit on growth and jobs – to place SMEs at the centre of policy making.


“The SME community should be considered primarily as a driver of growth, rather than as a source of revenue to mitigate austerity,” commented Arnaldo Abruzzini, Secretary General of EUROCHAMBRES.
However, SMEs will not invest, employ or take risks without a sense that decisive policy measures are being taken by leaders to move the economy in the right direction.


“The focus must be on re-establishing capital liquidity for SMEs, since they are currently starved of both credit and equity financing.  This must be reflected in the use of the remaining EU Budget for this financing period, as well as the negotiations for post 2014,” said Mr Abruzzini.



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“The former Yugoslav Republic of Macedonia”: presidential election and early parliamentary elections

23/04/2014 16:38 (10:33 minutes ago)

The FINANCIAL -- A 14-member delegation of the Parliamentary Assembly of the Council of Europe (PACE), led by Stefan Schennach (Austria, SOC), will travel to “the former Yugoslav Republic of Macedonia” from 25 to 28 April to observe the conduct of the presidential election (2nd round) and the early parliamentary elections, alongside observers from the OSCE’s Parliamentary Assembly and Office for Democratic Institutions and Human Rights (ODIHR), according to PACE.



Major Cloud Service Providers Slash Prices; Threaten Smaller Players’ Existence: IDC Warns

19/04/2014 13:40 (4 Day 13:31 minutes ago)

The FINANCIAL -- In the last week of March, major Cloud Service Providers (CSPs) in Asia dropped their prices for core services dramatically and IDC believes that this will make it very difficult for smaller CSPs to remain in business if they continue to rely on provision of basic, undifferentiated services, according to International Data Corporation (IDC).

Philippines: Further reforms to strengthen growth, create more and better jobs

11/04/2014 12:00 (12 Day 15:11 minutes ago)

The FINANCIAL -- The Philippines is likely to remain as one of the fastest growing economies in the East Asia and Pacific region in the next two years.

Zurich identifies seven cyber risks that threaten systemic shock

23/04/2014 17:00 (10:11 minutes ago)

The FINANCIAL -- The recently published Zurich Cyber Risk Report, created in collaboration with the international think tank Atlantic Council, argues that cyber-risk management professionals need to look beyond their internal information technology safeguards to interconnected risks which can build up relating to counterparties, outsourced suppliers, supply chains, disruptive technologies, upstream infrastructure and external shocks, according to Zurich Insurance Company.


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