Access to finance
29 October 2009by Ina Dimireva -- last modified 29 October 2009
The Hungarian state helps companies gain access to finance in many ways: direct support, indirect support, preferential loans, financial assets, etc.
Direct support
The small and medium-sized enterprise development strategy was prepared taking into account the role of these companies in significantly influencing economic competitiveness and in shaping employment.
The 'In Tune with Business' programme is intended to reduce the burdens on companies, improve their operating conditions and promoting enterprise.
More information on the 'In Tune with Business' programme
Indirect support
The tenders of the Economic Development Operational Programme support a wide array of activities and are intended to help implement the New Hungary Development Plan.
More information on the Economic Development Operational Programme tenders
The tender of the Ministry of National Development and Economy facilitates developments and investments improving the market opportunities as well as the competitiveness of micro, small and medium-sized companies owned by the Roma in Hungary.
More details on the tender [HU]
The aim of the trade promotion tender of the Hungarian Investment and Trade Development Agency (ITD Hungary Zrt.) is to help companies deal in external markets and have Hungarian products accepted and recognised around the world.
More details on the tender [HU]
The many tenders of the National Office for Research and Technology support research and development in Hungary.
More information on the tenders of the National Office for Research and Technology
With its "Plus 1 Person: Hiring the Company's First Employee" programme, the National Employment Foundation helps companies with the costs of hiring their first employee.
More details on the tender [HU]
The programmes of the Hungarian Foundation for Enterprise Promotion focus on the following areas: micro-financing, education, training, enterprise development programmes and the provision of information.
More information on the programmes at the foundation's homepage [HU]
Preferential loans, financial assets
The New Hungary Enterprise Development Loan programme of the Hungarian Development Bank provides long-term loans under preferential conditions to micro, small and medium-sized businesses registered in Hungary, as well as to large companies, local government and state-owned companies.
More information on the New Hungary Enterprise Development Loan programme
The Hungarian Export-Import Bank provides financial and investment services in relation to the export of Hungarian goods and services, Hungarian investments abroad, and to imports.
Homepage of the Hungarian Export-Import Bank
Hungarian Export Credit Insurance plc. offers special insurance schemes to small and medium-sized enterprises exporting Hungarian goods and services.
More information on Hungarian Export Credit Insurance plc's SME programme [HU]
The Széchenyi Card is a state-supported loan scheme for micro, small and medium-sized companies.
The New Hungary Micro-loan and Portfolio Guarantee programmes of Hungarian Enterprise Financing Ltd. provide low-interest finance for micro companies and improve their access to loans.
Homepage of Hungarian Enterprise Financing Ltd.
Guarantees
Schemes of Garantiqa Loan Guarantee Co. Ltd.
Guarantee schemes of the Rural Loan Guarantee Foundation
Schemes of Start Capital Guarantee Ltd.
Capital schemes
Products of Regional Development Holding [HU]
Schemes of Corvinus Kockázati Tőkealap-kezelő Zrt. (venture capital fund management)
One of the main duties of the Hungarian Investment and Trade
Development Agency (ITD Hungary Zrt.) is to promote the access of small and medium-sized enterprises to external markets, as well as reinforcing market positions already achieved.
The company forums organised around the country by the National Federation of Traders and Caterers as well as partner groups provide information to micro and small companies on the New Hungary Micro-loan Programme.
Homepage of the National Federation of Traders and Caterers [HU]
Personalised help and advice
The Enterprise Europe Network provides businesses with information and advice through its local partners.
Enterprise Europe Network – contact points – Hungary
Source: European Commission
