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Hungary

OTP draws 50 per cent of CEB loan to...

The Council of Europe Development Bank (CEB) is providing a Ђ100 m loan facility for Hungary's largest commercial bank OTP, of which OTP drew down 50 per cent (CHF 76.5 m) last week with a maturity of ten years and...

#bank#interest#interest rates

Number of venture capital transactions in 2004 overtakes 2003...

There were 35 venture capital transactions in Hungary during the first 11 months of the year, up from 25 during…

#economy


Government launches HUF 80bn loan program for municipalities and...

The government is launching three new loan programs in the total amount of HUF 80 billion (US$420m) to assist investments…

#bank#banks#economy


Inter-Europa Bank to borrow Ђ25m to finance SME projects

Inter-Europa Bank will take out a Ђ25m loan from parent bank SanPaolo IMI SpA under a recently signed agreement to…


HVB announces plans to enter the factoring market and...

Matthias Kunsch, managing director of HVB Bank Hungary announced that, contrary to earlier plans, HVB did not set up a…


Finance minister welcomes interest rate decision

Finance minister Tibor Draskovics welcomed the Monetary Council's 50 basis point rate cut on Monday, citing it as a sign…


Eximbank and Mehib export insurance and credit schemes boost...

The Act on the Hungarian Export-Import Bank and the Hungarian Export Credit Insurance Company (Act XLII of 1994) established the…

#bank#exports#guarantees


Top 100 firms slightly less optimistic in August

While continuing to perceive improving trends in the domestic and global economy, large Hungarian firms have somewhat tempered their optimism…


Foreign investment in first six months

In the first half of 2004, a total Ђ422m was invested by foreign companies in Hungary through the Hungarian Investment…

#3M#investment#trade


Base rate cut by 50bps

The Monetary Council of the National Bank of Hungary Rt (MNB) has cut the central bank base rate by 50…

#bank#inflation#international


Growth of SME segment expected

Small- and medium-sized enterprises (SME) in Hungary are on course for serious competition in the free market. One of the…


MFB supports SMEs development

The national development bank (MFB) has shed its loss-making centralised past and has become a strong financial institution solely concentrating…

Business outlook improving – Ecostat

Large companies were a little more cautious about their economic outlook in June, but SMEs remained optimistic, according to a…

#economic outlook#exports#inflation

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