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2018 | 2(54) | 21-29
Article title

On two successful programs for lending to SMEs in Hungary

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
While we are discussing the decade that preceded economic stabilisation and the turn in economic policy in 2010, the improvement of the financial and economic situation of Hungarian small and medium-sized enterprises and the enhancement of their competitiveness keep remaining a goal to be achieved. The problems that domestic micro-, small and medium-sized enterprises face for decades originate from factors that prevent their growth and set the track of their growth in the one and a half decades that have passed since the change in the regime. The long-term effect of chronical under-financing that also weakens corporate competitiveness appeared in all levels of corporate operations. Along with EU accession, challenges grew larger and competitive conditions became harder, which trend was further intensified with the onset of the financial and economic crisis in 2008. It became a key issue for domestic enterprises to have financial resources and borrowing possibilities at their disposal in sufficient quantity and quality and their possibilities for development and their track of growth were not hindered.
Year
Issue
Pages
21-29
Physical description
Dates
published
2018-12-14
Contributors
  • Óbuda University, Keleti Faculty of Business and Management, Institute of Business Management National University of Public Service, Faculty of Political Sciences and Public Administration, Research Institute of Public Finance
References
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Document Type
Publication order reference
Identifiers
ISSN
2657-3245
YADDA identifier
bwmeta1.element.desklight-b9d06156-838a-4c16-80fc-b2c42e792612
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