A new Hungarian receivables finance company, AKKORD VF Venture Finance, has been launched by Dr Kбroly Martinkу.
Until last January Mr. Martinkу served as chairman and CEO of Magyar Factor and under his strategic leadership over the last 5 years the company became a highly profitable business and attained dominant market position in domestic and cross-border factoring in Hungary.
AKKORD VF has already made a good head start and expects to lay the basis for buoyant growth in the coming months and years.
Based on an analysis of global, regional and national trends and levels of market penetration achieved, Mr. Martinkу expects the potential market for factoring in Hungary to at least double its current size over the period 2003 - 2008.
