DOI: 10.21637/GT.2014.4.06.

Financial instruments used by the Hungarian SMEs

VAJAY, Zsuzsanna

SME sector plays a significant role in the economy of Hungary. 97-99% of the companies takes part of this sector and has importance in the field of employment and production. In my study I analyse the external financing opportunities such as credits and tenders, which are available especially for SME sector. I analyse these data between 2007 and 2011. The range of credit possibilities for SME sector is expanding. There are more opportunities allowing companies to take loans not only from banks but from credit intermediaries. The European Union also provides refundable support to start-up and working companies besides tenders mostly from JEREMIE program.

KEYWORDS: entrepreneurship, tender, loan

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