Hungary

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

The Hungarian government has earmarked

A recent business survey by Coface Hungary has found that 20 per cent of non-paying Hungarian businesses

Upcoming revisions to Hungary s Civil Code will introduce specific regulations on factoring agreements for the first time, Hungarian financial journal Portfolio has reported.

Factoring was dubbed an essential tool for preventing insolvencies amongst Hungary SMEs at a financial conference held in Budapest.

Erste Bank Hungary has received a loan of 100m euros from the EBRD to expand lending capacities for SMEs in Hungary

Ecostat's SME confidence index has remained unchanged from the previous month at 61.9% in June

The government will provide a state guarantee for 80% of the principal amount of a HUF 6 billion loan to be taken out by factoring company Kvantum Faktor.

Budapest unveils government initiative to make subsidised working-capital loans available to SMEs.