Trademagazin > News and articles > Market News > Factoring providers achieved a 22 percent increase in turnover last year
Factoring providers achieved a 22 percent increase in turnover last year
Factoring service providers achieved a 22 percent increase in turnover in 2021, the Hungarian Factoring Association told MTI on Wednesday.

Significant growth in factoring providers’ turnover
It is explained that the estimated total value of receivables purchased and financed by the participants of the Hungarian factoring market exceeded 4,000 billion HUF, of which the share of the members of the association was 3,935 billion HUF, more than 97 percent. (MTI)
Related news
Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >Mihály Varga: the sovereignty of the Hungarian economy and the domestic food industry must be strengthened
The future of Europe can be secured with equal, sovereign…
Read more >
More related news >
Related news
Irrigation water resources equivalent to one-third of Lake Balaton are available
Despite the extraordinary drought and lack of precipitation, we can…
Read more >Free irrigation water provided to farmers is a key element in the fight against drought
Free irrigation water provided to farmers is a key element…
Read more >Corporate leaders’ commitment to sustainability at record level
According to the latest data from the K&H Sustainability Index,…
Read more >