Investment by SMEs may grow by one third this year

A survey conducted by Budapest Bank found that more than half of Hungarian SMEs realised sales growth in 2014. They implemented 56 percent of the investments they had planned. This year 36 percent more investment projects are expected to be realised by these enterprises, in the value of HUF 2.223 billion. While last year the average SME invested HUF 10.8 million, this year this sum may grow to HUF 14.7 million. Viktor Tóth, head of commercial at Budapest Bank told that Hungarian SMEs investment plans are highly dependent on EU funding: one third of business would apply for financing from the EU for their projects. Only 11 percent would take out a bank loan.