Hungary

According to Mikael C. Szabo, head of the Hungarian unit of French credit insurance company Coface, in the period January to September 2006 the number of bankruptcy procedures increased by

Confidence at Hungary's biggest companies slipped slightly in August, but improved at small- and medium-sized enterprises

The Monetary Council of the National Bank of Hungary (MNB) raised the base rate by

The stock of guarantees on factoring contracts by Hitelgarancia, a majority state-owned guarantor of credit for small- and medium-sized enterprises (SMEs), has risen dramatically to HUF1bn since it introduced

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

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

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 SME index fell during the same month, also reaching a two-year low.

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

The Hungarian Development Bank Rt (MFB) announced it would lower the rate on special state-subsidised loans for businesses available under the 'For a Successful Hungary' programme by

The number of legal cases brought by Hungarian companies trying to collect overdue receivables increased by