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Hungary

Erste Faktor H1 revenue 70 per cent over target

Erste Bank Hungary's factoring unit, Erste Faktor, had revenue in the first half of 2006, 70% over the target, the company announced. Erste Faktor, which was set up just a year ago, now controls (more…)

Fortis finalises the acquisition of Innotrade Leasing Rt. and...

Fortis has confirmedthat it has finalised the acquisition of the two Hungarian sister leasing companies, Innotrade Leasing Rt. and Takleasing…


Business confidence indices slip to two-year low

Ecostat's TOP-100 index, a measure of confidence at Hungary's biggest hundred companies, fell to its lowest point in two years. Ecostat's…


Erste doubles capital at factoring unit

Erste Bank Hungary announced it has raised registered capital at its factoring unit, Erste Faktor, by (more…)


MFB lowers rate on subsidised loans for SMEs

The Hungarian Development Bank Rt (MFB) announced it would lower the rate on special state-subsidised loans for businesses available under…


Company liquidations continue to rise in H1

The number of legal cases brought by Hungarian companies trying to collect overdue receivables increased by (more…)

#bankruptcy#receivables#risk


Coface cuts liquidity rating of Hungarian companies

International ratings agency Coface has cut the liquidity rating of Hungarian companies from A2 minus to A3, (more…)

#international#liquidity#risk


SME confidence slips in June

Ecostat's SME confidence index slipped to 47.2 per cent in June from 51 per cent in May (more…)


Bankruptcy Act amendments to take effect 1 July

Changes made last year to Hungary's Bankruptcy Act will come into effect on 1 July. The amendments will make it…

#bankruptcy#management#WHO


Factoring industry gains a new player

A new factoring company, founded by two individuals with several years' experience in the field, has recently been approved by…


Factoring market expands 40 per cent in 2005

The Hungarian Factoring Association announced that Hungary's stock of factored receivables increased to (more…)


SME confidence index unchanged in May

Market research company Ecostat's small- and medium-sized enterprise (SME) confidence index measured 51% in May (more…)

'Lanchid' factoring programme resumed

The Economy Ministry has re-launched the factoring programme called Lanchid (meaning Chain Bridge), with modified conditions (more…)

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