Hungary

This morning's cabinet meeting has approved plans to reallocate EUR973.5m  in order to help stabilize Hungary's SME sector

Hungarian insolvencies were up 11% in Q1-Q3 of 2008.  

HUF1,400bn (EUR5.2bn) in direct subsidies, much of it from a restructuring of EU funding, will be available to Hungarian SMEs in the next two years

Sentiment at both big Hungarian companies and SMEs sharply worsened in October the latest measure of confidence by Ecostat reveals.

In the current crisis one may think an upsurge might be expected in the growing Hungarian factoring sector: That is not the case at all

Finance minister Janos Veres has announced that the government will soon launch the Capital Union Program aimed at helping SMEs find financial resources during the financial crisis.

Hungary s Minister for National Development and Economy has announced a program to help SMEs and spur growth

In 2008 there has been 412 contracts signed so far worth HUF1.9bn (EUR8.05m) in the framework of the New Hungary Enterprise Micro Credit program, as shown by the data of the economy development center MAG Zrt.

The number of insolvent firms in Hungary grew by 13% in the first six months of 2008, compared to the same period of last year.

Ecostat's TOP-100 index for sentiment at Hungary's biggest hundred companies fell to 84.6 per cent in Q2 from 90.2 per cent in Q1. Its measure of confidence among SMEs dropped to 85.3 per cent from 90.5 per cent.