Hungary

In 2011 Hungarian factoring turnover grew 3.2 per cent, the Hungarian Factoring Association has reported.

Erste Bank Hungary (EBH) has bought out its partner in Magyar Factor, giving it 100 per cent of the factoring company.

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...