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 harder for companies to escape their debtors, but it will also give troubled companies more time to

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 the State Financial Institutions Supervision (PSzAF)

Coface assesses business sector risks update

While globally, business risk ratings in various segments of the world economy stabilized in the first quarter of this year, risk ratings in Hungary have been fairly volatile, according to a survey released last week by  Coface Hungary Kft