Foreign investment in first six months
In the first half of 2004, a total Ђ422m was invested by foreign companies in Hungary through the Hungarian Investment and Trade Development Agency (ITDH).
In the first half of 2004, a total Ђ422m was invested by foreign companies in Hungary through the Hungarian Investment and Trade Development Agency (ITDH).
The Monetary Council of the National Bank of Hungary Rt (MNB) has cut the central bank base rate by 50 basis points, from 11.5 per cent to 11 per cent, in line with expectations.
Small- and medium-sized enterprises (SME) in Hungary are on course for serious competition in the free market.
The national development bank (MFB) has shed its loss-making centralised past and has become a strong financial institution solely concentrating on developing businesses and cooperating with commercial banks, according to its CEO Jбnos Erфs.
Large companies were a little more cautious about their economic outlook in June, but SMEs remained optimistic, according to a survey prepared by economic research institute Ecostat.
The level of foreign direct investment (FDI) continued to fall in the OECD area in 2003, the Paris-based organization said.
The European Investment Bank (EIB) has provided a Ђ30 million global loan to K&H Bank to finance small- and medium-sized enterprises (SMEs) in Hungary.
HVB Bank Hungary will expand its network to 100 branches at a cost of HUF10bn (Ђ39.5m), CEO Matthias Kunsch announced on Wednesday. The bank currently operates 35 branches in Hungary.
CIB Bank's newly-acquired factoring company, CIB Faktor, announced profits after-tax of HUF230,000 (Ђ915) in 2003 and year-end total assets of HUF5.441bn (Ђ21.64m).
The CIB group has bought the factoring firm Aginvest-Faktor Rt, Hungary’s second largest factor.