SME investments up 36% in 2015
Investments made by Hungarian SMEs could increase by 36% to reach HUF 2.223 trillion this year, based on a survey commissioned by Budapest Bank, Hungarian news agency MTI reported yesterday.
SMEs are looking to spend HUF 958 bln on production equipment in 2015, up one-third from last year, according to a survey of 315 companies employing 2-249 people, and conducted in January-February 2015. Last year, SMEs implemented 56% of their planned investments, the survey showed.
A little more than half of SMEs said replacing amortized assets was what motivated their investments. Approximately 44% said the reason was to boost efficiency or expand capacity. The Hungarian government made a deal to buy Budapest Bank from GE last year, the transaction, however, has not yet been concluded.
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