ADVERTISEMENT

Possible advent of EXIM Microcredit Card

Initiatives

The National Economy Ministry (NGM) and the state-owned Hungarian Export-Import Bank (Eximbank) would introduce the EXIM Microcredit Card. 

National Economy Minister Mihály Varga said the card is aimed to provide SMEs with access to credit at favorable interest rates for enabling them to facilitate their business on export markets.

Varga added that the EXIM Microcredit Card is expected to be introduced this fall and in their main scope are SMEs that do not qualify for state Széchenyi Cards providing businesses access to revolving credit. Roland Natran , CEO of Eximbank, said that the SMEs are eligible to obtain credit under benign terms maintained by the bank's EXIM Microcredit Program. The maximum sum of the credit is HUF 6 million with a maturity of one year and interest cap of 4.1%.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.