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Government earmarks fund for defaulted loans
The Hungarian government has earmarked
Coface survey studies non-payment trends in Hungary
A recent business survey by Coface Hungary has found that 20 per cent of non-paying Hungarian businesses
New Civil Code to govern factoring
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 and insolvency prevention discussed at GCIC event
Factoring was dubbed an essential tool for preventing insolvencies amongst Hungary SMEs at a financial conference held in Budapest.
Hungarian Erste unit gets EUR 100m loan to boost SME funding
Erste Bank Hungary has received a loan of 100m euros from the EBRD to expand lending capacities for SMEs in Hungary
Sentiment at SMEs stagnates
Ecostat's SME confidence index has remained unchanged from the previous month at 61.9% in June
Kvantum Faktor receives 80% state loan guarantee
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 capital loans for SMEs
Budapest unveils government initiative to make subsidised working-capital loans available to SMEs.
Hungary to reallocate EUR973.5m to stabilize SME sector
This morning's cabinet meeting has approved plans to reallocate EUR973.5m in order to help stabilize Hungary's SME sector
Insolvencies up 11% in Q1-Q3 of 2008
Hungarian insolvencies were up 11% in Q1-Q3 of 2008.