Szijjártó: Eximbank opens €20.6 bln credit line to boost Hungarian SME exports
kormany.hu/Gergely Botár
Hungaryʼs Eximbank has opened a €20.6 bln line of credit in order to boost exports by small and medium-sized Hungarian companies to 94 countries around the world, Foreign Minister Peter Szijjártó said today.
Speaking at a press conference at the headquarters of Eximbank, Szijjártó said large international companies account for 85% of Hungaryʼs exports. The government wants to increase the number of Hungarian-owned SME exporters from the current 3,000 to 12,000 by 2018, he added.
Szijjártó said the majority of Hungarian SMEs do not possess the financial resources, expertise and flexibility required to compete on foreign markets.
Boosting exports by Hungarian SMEs could also create new jobs in Hungary, he added.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Hungary, UAE Sign Defense Industry Agreement
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
