Survey: Small companies mostly rely on self-financing for investments

In the past five years, 85% of small Hungarian companies used their own funds for investments and 39% of them borrowed from banks, a survey commissioned by guarantor Garantiqa Hitelgarancia shows. Microbusinesses relied on self-funding in 84% of the cases and 26% took out loans from banks.

Banks offered credit at market conditions to 43% of small companies and recommended the National Bank of Hungaryʼs (MNB) Funding for Growth Scheme (FGS) to 34% of them. The ratios for microbusinesses was 29% and 25%, respectively for the two funding sources. Banks provided surety services for 28% of small companies and for 8% of micro companies.

Residential

Realis WAM Raises HUF 7 Bln for Ráday utca Development

Energy Trade

Hungary Can Secure Gas Supply Without Russian Imports, Kapitány Says

Sustainability

Summer Heatwave Underscores Need for Urban Responsibility

Automotive

BMW Debrecen Adds Third Shift to Meet Strong iX3 Demand

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.