The Central and Eastern European countries outside the Euro area were hit particularly hard by the global credit crunch; their previously fast growth was replaced by a recession, putting their catch-up as part of the integration process into a completely different context. The crisis has made it...

This paper aims at giving a snapshot on the major trends of SME development in Hungary. After a brief historical background, the focus is put on the current changes taking place in the Hungarian enterprise policy. A major transformation is underway in the SME financing as a result of the...