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Hungary

Hungarian Factoring Association fails to secure state support of...

Hungarian Factoring Association continues to lobby for inclusion of factoring into Széchenyi Plan (more…)

#bank#crisis#economy

Hungarian factoring returns to double figure growth

Hungary's factoring market grew 18 per cent to HUF 866 billion in 2010, according to a statement made by Hungarian…


Hungarian insolvency rate up 10.45%

Coface reports a 10.45 percent year on year growth of insolvencies in Hungary, in 2010. (more…)


Number of insolvency procedures in Hungary grow at slower...

The number of insolvency procedures at Hungarian companies grew at a slower rate in January-September, climbing 18% to 24,376... (more…)

#conference#insolvency#insurance


EBRD and CIB boost business funding

The EBRD is increasing the availability of financing to the real economy in Hungary, with a 50 m credit line…


New Civil Code factoring law to come into force...

The Budapest Times has announced the new regulations regarding factoring agreements that are to be detailed in Hungary s revised…


Government earmarks fund for defaulted loans

The Hungarian government has earmarked (more…)


Coface survey studies non-payment trends in Hungary

A recent business survey by Coface Hungary has found that 20 per cent of non-paying Hungarian businesses (more…)


New Civil Code to govern factoring

Upcoming revisions to Hungary s Civil Code will introduce specific regulations on factoring agreements for the first time, Hungarian financial…


Factoring and insolvency prevention discussed at GCIC event

Factoring was dubbed an essential tool for preventing insolvencies amongst Hungary SMEs at a financial conference held in Budapest. (more…)

#bank#conference#insolvency


Hungarian Erste unit gets EUR 100m loan to boost...

Erste Bank Hungary has received a loan of 100m euros from the EBRD to expand lending capacities for SMEs in…


Sentiment at SMEs stagnates

Ecostat's SME confidence index has remained unchanged from the previous month at 61.9% in June (more…)

#economy#funding#smes

Kvantum Faktor receives 80% state loan guarantee

The government will provide a state guarantee for 80% of the principal amount of a HUF 6 billion loan to…

#banks#guarantee#smes

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