News in Brief
Government allocates 8 billion forints for SME development programs
The scheme aims to support developments at Hungarian suppliers as well as preparations for ESG improvements and energy efficiency upgrades.
Small and Medium Enterprises
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News in Brief
Hungary houses Central and Eastern Europe’s largest startup center
The center to help facilitate the development of start ups and SMEs was opened in Budapest’s Millenáris Park as the first project in a 5 billion HUF (15.3 EUR) program
News in Brief
Hungary and the OECD throw small and medium businesses a lifeline to encourage growth
The government is taking various measures to speed up the process so that Hungarian SMEs can partner with international companies, primarily through Hungarian supply networks
News in Brief
The National Bank of Hungary ends funding for growth program
Around 40,000 Hungarian small and medium-sized firms received a total of 2.8 trillion HUF (9.66 billion USD) worth of financing under the loans program that the central bank launched in...
News in Brief
Hungary's exports and foreign trade surplus at a record high
Statistics show that for the first eleven months of 2016 exports were 2.7 percent higher than in 2015, the previous record year