Hungary

The number of insolvency procedures initiated against Hungarian companies has continually increased over the past few years a quite disturbing trend, according to

Hitelgarancia, a majority state-owned guarantor of loans to small- and medium-sized enterprises (SMEs), had retained earnings of

The bank continued its expansion in the SME sector. SME client numbers rose from about 30,000 in 2004 to

Financial consultancy Adossag Borze's Online Factoring Market saw the listing of receivables with a nominal value of HUF10.9bn

State credit guarantee agency Hitelgarancia Zrt has signed an agreement regarding underwriting the companies' factoring funds for small- and medium-sized enterprises (SMEs)with

The government will also introduce guarantees, insurance and factoring services to assist

State credit guarantee agency Hitelgarancia Zrt has reduced the guarantee fees for a credit facility on state-supported preferential terms

The Hungarian office of Atradius Credit Insurance, one of the world's leading credit insurance companies, expects 2006 revenue to increase by

Fortis announced today that it has acquired 100% of the capital of two Hungarian leasing companies - which target mainly small enterprises and financial leasing and real estate leasing

Over the past few years the credit volume of small- and medium-sized enterprises (SMEs) has soared. In 1999, SMEs had