Bankruptcy rate at record high A survey by Creditreform-Interinfo, shows that the rate of bankruptcy, including liquidation procedures called by creditors, was about
Euler Hermes' Hungary units see profits down The Hungarian subsidiaries of Euler Hermes, a provider of credit insurance and manager of trade receivables, achieved consolidated after-tax profit of
HVB Bank extends contract with European Investment Fund on SME financing HVB Bank Hungary announced it has extended its agreement with the European Investment Fund (EIF)
Factoring revenue increases more than a third in 2005 as association calls for more detailed legislation Members of the Hungarian Factoring Association (MFSZ), which account for all factoring business in the country, had combined revenue of
Government improves terms for SME loan programme Small businesses are being offered better terms under the state-sponsored
SME credit guarantor proposes backing factoring and leasing activities A guarantor of credit to SMEs will expand its activities to include guarantees on factoring and leasing transactions as well as
Financing SMEs in Hungary Companies operating in Hungary have various means of financing their operations, though the options are rather limited compared with those in Western Europe. Indirect financing or borrowing is used more than direct self-financing.
Trade regulations country briefing Hungary’s exports continue to be driven by machinery and industrial products sent primarily to the European Union.
Managing Factoring Risks in Hungary: A Factor’s Perspective By Márton Nagygyörgy (Senior Manager of Daewoo Bank (Hungary) Ltd) and Károly Martinkó (Chairman-CEO of Magyar Factor Ltd) Introduction Factoring and invoice discounting
Karoly Martinko of Magyar Factor presents the latyest analysis of the Hungarian market Market Performance and Supply Although the Hungarian factoring market can trace its origins back some ten years, pre-1998 industry data is unreliable.
