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Hungary

Central bank cuts base rate

Hungary's Monetary Council has cut the central bank base rate by (more…)

#bank#Two

Erste Bank sets up factoring unit

Erste Bank Hungary Rt has set up two new subsidiaries to better serve its clients. Erste Faktor Rt has Ft…

#bank#smes#Two


Commerzbank plans expansion to meet growing SME demand

Commerzbank AG, Germany's third-biggest lender, plans to open 10 additional branches in Hungary to tap the growing demand (more…)


Chambers employ factoring companies

Chambers of Industry all over the country have been selling their debt to factoring companies due to (more…)


23 August 2005: Monetary Council cuts base rate

The Monetary Council of the National Bank of Hungary (NBH) cut the central bank base rate... (more…)


Budapest Bank to provide loans for micro businesses and...

Budapest Bank announced it has introduced a range of loan offerings to micro, small- and medium-sized enterprises (SMEs), to enhance...…


New marketing and communication manager for Euler Hermes

Gabriella Budinszky has taken over as marketing and communication manager for Euler Hermes Magyar Hitelbiztosító (more…)

#bank#insurance#OTP Bank


Government to provide subsidies on SME’s environmental project loans

The government is offering to subsidise some of the interest payments on loans small- and medium-sized enterprises (SMEs) take out…

#interest#investments#management


Further base rate cut announced

The Hungarian National Bank s (MNB) Monetary Council has cut the base rate by (more…)


Government grants budget increase helps fund SME projects

A total of 4,800 small- and medium-sized businesses (SMEs) received government grants worth (more…)

#Jobs#smes


Hungarian companies debt defaults balloon

The payment discipline of Hungarian companies is quickly deteriorating, with former late payers becoming non-payers (more…)


Fortis Bank enters Hungary

Belgian Fortis Bank recently opened its first representation office in Budapest, Napi Gazdaság reported. Fortis plans to be active in…

#bank#cash management#leasing

10% profit tax for SMEs

Small- and medium- sized businesses (SMEs) would pay 10% instead of 16% profit tax on the first Ft 5m of…

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