On two successful programs for lending to SMEs in Hungary

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.