Hungary

Hungary’s comprehensive online invoicing system has been operating seamlessly since its introduction in July 2018 and has contributed to a HUF 403bn jump (€1.3bn) in VAT revenue year on year, said the Finance Minister Mihaly Varga. Varga noted that...

Factoring is an increasingly popular product of banks...

Hungary’s state-owned export-import bank has agreed to credit facility investments totalling €331m with 13 financial institutions in the country. The financial institutions are Budapest Bank, CIB Bank, Commerzbank, Erste Bank Hungary, Gránit Bank,...

Last year, the EIB Group signed loans worth €700m with Hungary to promote SMEs, urban development and competitiveness. The financial support was aimed at export-oriented companies, education, urban development and telecommunication projects. In 2017...

Hungary’s factoring activity will be increased this year as...

Factoring turnover in Hungary rose by 39% in the first half of 2016 compared to the corresponding period of 2015, the head of the Hungarian Factoring Association has announced

Figures for whole of 2014 and first quarter of 2015 revealed

Hungarian bank acquires factoring company with 2.6 per cent market share

Hungarian lenders outstanding stock of forint (Hungarian currency) loans to non-financial companies fell further in June, indicating that the effect of an ongoing National Bank of Hungary scheme to boost lending to small and medium-sized firms (SME) is not yet visible.

Funding for Growth Scheme has enjoyed SME attention.