Archive for November, 2007

Sweden’s new convergence program shows strong and sustainable public finances

Public finances are strong and sustainable in the long term. This is evident from Sweden’s ninth updated convergence program, which was today submitted to the European Commission and the Council.

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Lenovo Extends Its Global Footprint to Europe with New Plant in Poland

Lenovo today announced the company will open a new manufacturing plant and fulfilment operations centre in Legnica SEZ, Poland. The total investment value is estimated at over 20 million USD. The employment will amount to ca 1000 people.

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Dutch government introduces a commercial paper program

The Agency of the Ministry of Finance has started to issue Commercial Papers (CPs) in pound sterling and American dollars. The issue in foreign currencies marks the official start of the CP program

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The Lithuanian Ministry of Finance Renews the Perspectives of Macroeconomic Prognosis

The Ministry of Finance announces the perspectives of the macroeconomic projections taking into consideration the economic indicators released by Department of Statistics in the end of October 2007.

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CoM approved Convergence Programme of Latvia 2007-2010

On Tuesday, November 27, the Cabinet of Ministers (CoM) approved Convergence Programme of the Republic of Latvia 2007-2010 reporting on fiscal, economic and monetary policy of Latvia as a European Union (EU) member state in medium-term.

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Florida office of Insurance Regulation holds workshop on new rules to bring more reinsurance dollars to Florida

The Florida Office of Insurance Regulation (Office) held a workshop Monday to seek public input on a draft rule that would implement new legislation which gives the insurance commissioner discretion in allowing unaccredited reinsurance companies to conduct business in Florida without having to post 100 percent collateral.

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DIFC Offers First in Factoring and Forfaiting

National Bank of Dubai (NBD), an Emirates NBD company, and FIMBank plc, the Malta-based trade finance institution, today announced that MENA Factors Limited, a joint venture between the two banks, has commenced operations at the DIFC.

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Inaugurated by HH Sheikh Mohammed Bin Rashid Al Maktoum London Business School Launches Dubai Centre at the DIFC

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai and President of Dubai International Financial Centre (DIFC) officially inaugurated the Dubai Centre - London Business School today at the DIFC.

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Additional Investments In Training Schools

Cook Islands cabinet has approved for funds to upgrade and further improve the Hospitality, Tourism and Training School (HTTC) and the Trade Training School.

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Canada’s Government Helps Consumers Make Informed Financial Decisions

The Honourable Jim Flaherty, Minister of Finance, is releasing for public comment regulations for banks issuing principal protected notes (PPNs) to improve disclosure for consumers.

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