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The Hungarian branch establishment of credit insurance company Atradius closed last year with Ft 723.5m in revenues. (more…)
#Atradius#insurance#management
According to the Economy Minister Janos Koka, the micro-credit scheme must be made more popular and more easily accessible as…
#conference#economy#security
Start Tokegarancia, a guarantor set of by the Hungarian Business Development Foundation and state-owned investment company Corvinus a year ago,…
#bank#funding#guarantee
The uncertainty caused by last year's austerity measures was felt until October, 2006, since that low point, the business confidence…
In 2006, factoring turnover is expected to increase again by a similar level to 2005, due to the favourable economic…
#bank#interest rates#international
Euler Hermes' credit insurance and factoring units in Hungary had combined revenue of HUF 2.8bn in 2006, 21.7 per cent…
Hungarian Development Bank (MFB) and Commerzbank have no choice but to enter a Ft100 m loss in their books, an…
Hitelgarancia, a state-owned credit guarantor, signed more than 24,000 contracts guaranteeing borrowing worth a combined HUF 228.5bn in 2006, up…
Sentiment among SMEs improved slightly in the fourth quarter of 2006, but was still low as businesses expect positive macroeconomic…
#bank#funding#interest rates
The number of insolvent companies in Hungary tripled year-on-year in 2006 (more…)
#credit risk#insolvency#insurance
While lending to SMEs grew much faster than corporate lending as a whole, financing of SMEs is still unsatisfactory, because…
One of the fastest growing areas in the debt management sector is the factoring business. (more…)
#bank#debt collection#guarantees
The number of small- and medium-sized enterprises (SMEs) recommended for investment might not reach a thousand, says Mikael C. Szabo,…