Small- and medium-sized enterprises (SME) will apply for far more loans than last year, according to a survey conducted by Hungary's second largest bank Kereskedelmi & Hitelbank (K+H), deputy chief executive of K+H, Laszlo Diosi, said on Wednesday
Some 40 venture capital funds invested a total of Ђ117 million in Hungary in 33 transactions last year, according to figures published by the Hungarian Venture Capital Association (HVCA).
State-owned Hungarian Development Bank (MFB) recorded a net income of HUF6.14 bn (US$27.4 m) in 2003, according to the company's audited financial report.
The National Bank of Hungary (MNB) cut its benchmark interest rate to 12 per cent, down from 12.25 per cent, the second such cut in two weeks.
Hungary's central bank (MNB) unexpectedly cut its benchmark interest rate a quarter-point, reducing borrowing costs for the second time in two weeks as government spending cuts boost investor confidence.
Total foreign direct investment (FDI) stock in Hungary has reached Ђ31 billion, says MNB’s managing director. Central Bank, MNB recalculated both the flow and cumulative stock of FDI in Hungary from 1998 under new methodology.
Perceiving a global recovery Hungarian firms are more optimistic regarding their business prospects and the country's economic situation in the coming months, according to the latest confidence report of research institute Ecostat.
Magyar Takarйkszцvetkezeti Bank Rt (MTB) signed a deal with Kreditanstalt fьr Wiederaufbau (KfW), the German development bank, to take out a Ђ10 billion loan yesterday.
The National Bank of Hungary (MNB) unexpectedly cut its benchmark interest rate a quarter percentage point. The Monetary Council lowered the two-week deposit rate to 12.25% from 12.5%, the first cut since January 16, 2003.
The Monetary Council of Hungary's central bank MNB decided to cut its base rate by 25 basis points to 12.25 %, contrary to market expectations of no change.
