Government study says SMEs must get act together on EU

Hungary is mostly ready for membership of the European Union (EU) in May next year, but government bureaucracy and a lack of preparation by the country's small businesses are matters that still need to be addressed, according to a new report.

New finance programmes to aid SMEs announced by the government

The government will supplement the loan programme of its Europe Plan with new programmes to aid small- and medium-sized enterprises (SMEs), prime minister Peter Medgyessy announced in a speech made at the inauguration of the new Danube bridge at S

Ecostat report on latest business confidence survey

With continued global economic uncertainty, large Hungarian firms' optimism concerning the coming six-month period was scaled back in March, while the outlook of small- and medium-sized companies (SMEs) remained stagnant, according to the latest b

SMEs get subsidised loans

The Ministry of Economy and Transport (GKM) and the state-owned Hungarian Development Bank (MFB) have launched the HUF 150 bn (US$ 662m) Europe Investment Loan Program, aimed at providing long-term loans to Hungarian businesses the MFB announced.