Hungary

One-third of the Hungarian companies thing that their clients payment morals are bad, while foreign companies have a better esteem, according to a survey created by Atradius Credit Insurance measuring payment habits and risks in six countries including Romania, Austria, the Czech republic, Poland, Slovakia, and Hungary.

The European Commission ruled a planned scheme for providing short-term export credit guarantees to Hungarian exporting SMEs and their foreign clients is incompatible with EC Treaty state aid rules.

Consolidated after-tax profit of Hungary's MKB Bank dropped 12 per cent HUF16.1bn in 2007.

The National Development Agency (NFU) announced new tenders worth Ft30.7 bn for micro enterprises and SMEs.

 

 

Takarekbank Zrt has joined forces with Germany's VR Factorem GmbH.

Confidence among Hungary's SMEs took a dive in January, announced Ecostat.

Sentiment among Hungarian SMEs) deteriorated in Q4 2007 after improving for a year.

The number of insolvent companies in Hungary rose 24 per cent in 2007.

The French global player Coface and the Hungarian Export Credit Agency MEHIB  have concluded a co-operation agreement for the Hungarian credit insurance market.

Confidence at Hungary's SMEs deteriorated in November compared to October.