Economics
MFB to aid SMEs
Hungarian Development Bank (MFB) Rt has launched a new loan program for micro-, small- and mid-sized ventures with Ft 10 billion. MFB aims to improve the competitiveness of the firms with the long-term loans given at a reduced interest rate. The maximum amount of loans is set at Ft 250 million, or 75% of the net investment value, and companies need to cover at least 25% of the investment from their own resources. Bidders should employ no more than a hundred people, and bids should be submitted at the branch offices of the bank. (Vg 6) P.Ő.
