Hungary

Government to provide subsidies on SME’s environmental project loans

The government is offering to subsidise some of the interest payments on loans small- and medium-sized enterprises (SMEs) take out for environmentally friendly

Further base rate cut announced

The Hungarian National Bank s (MNB) Monetary Council has cut the base rate by

Government grants budget increase helps fund SME projects

A total of 4,800 small- and medium-sized businesses (SMEs) received government grants worth

Hungarian companies debt defaults balloon

The payment discipline of Hungarian companies is quickly deteriorating, with former late payers becoming non-payers

Fortis Bank enters Hungary

Belgian Fortis Bank recently opened its first representation office in Budapest, Napi Gazdaság reported.

10% profit tax for SMEs

Small- and medium- sized businesses (SMEs) would pay 10% instead of 16% profit tax on the first Ft 5m of the tax base if meeting certain conditions, Prime Minister Gyurcsány announced.

MFB launches new HUF 2bn ( Ђ8,115.41) loan programme for micro businesses

The Hungarian Development Bank (MFB) has signed a contract with Budapesti Vallalkozasfejlesztesi Kozalapitvany (BVK) subsidiary Enterprise '94 to launch the Mikrohitel Plusz credit programme for businesses in Budapest and Pest County.