Hungary

Ferenc Csaki, CEO of Magyar Factoring, provides an overview of the factoring market in Switzerland, covering industry environment, market performance, supply and future trends, for the World Factoring Yearbook 2011.

The Hungarian Factoring Association is continuing its fight for the inclusion of factoring in the government s plans to support the country s SME sector. Factorscan talks to Ferenc Csáki, Chairman of Hungarian Factoring Association and Chairman and CEO of Magyar Factor Zrt, to find out how the Association plans to continue its struggle despite the rejection of its recent proposals.

Erste Bank Hungary Zrt purchases 50 percent stake in Magyar Factor Zrt

Hungarian Factoring Association continues to lobby for inclusion of factoring into Széchenyi Plan

Hungary's factoring market grew 18 per cent to HUF 866 billion in 2010, according to a statement made by Hungarian Factoring Association (MFSz) chairman Ferenc Csáki at a press conference on Friday.

Coface reports a 10.45 percent year on year growth of insolvencies in Hungary, in 2010.

The number of insolvency procedures at Hungarian companies grew at a slower rate in January-September, climbing 18% to 24,376...

The EBRD is increasing the availability of financing to the real economy in Hungary, with a 50 m credit line to CIB Bank, including at least 10 m equivalent denominated in Hungarian Forint.

The Budapest Times has announced the new regulations regarding factoring agreements that are to be detailed in Hungary s revised Civil Code, phase one of which will