OCDE - Financing SMEs and Entrepreneurs 2026 - Hungría de 2026

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FINANCING SMES AND ENTREPRENEURS 2026 – HUNGARY © OECD 2026

Key facts on SME financing The volume of GDP increased by 0.5% in 2024. Based on data adjusted for calendar effects, the economic performance increased by 0.6% compared to the previous year. In the first quarter of 2025, the Hungarian economy contracted slightly, by 0.4% on an annual basis and by 0.2% compared to the previous quarter, dragged down by weak external demand and industrial exports, and by still sluggish investment performance. The average annual inflation rate was 3.7% in 2024.The decline in global inflation cam e to a halt in the autumn of 2024, with consumer price inflation starting to accelerate again in several co untries, including Hungary. Although the investment rate has declined in recent years, it remains high, and Hungary remains an attractive investment destination. The investment rate has stabilised at a high level because of recent time’s high-volume investments, reaching around 24% in 2024, one of the highest in the EU. However, investment in several sectors is being held back by weak demand, particularly in manufacturing and construction, which is not yet being offset by the huge amount of working capital investment. Nevertheless, the Demján Sándor Programme for SMEs may improve the investment climate for busines ses. At the end of 2024, 707 329 enterprises operated in Hungary, 99.9% of which (706 380 enterprises) qu alified as SMEs. Hungarian SMEs are responsible for 70.1% of the total employment and 56.8 % of the value added. The total corporate loan portfolio of credit institutions increased by 1.6 % and the SME loan portfolio increased by 1.9%in 2024. This shows a continued slowdown in the portfolio growth rate. Although the total loans outstanding remained nearly unchanged, the portfolio of forei gn currency loans continued to grow in 2024.

creased by 1.9%in 2024. This shows a continued slowdown in the portfolio growth rate. Although the total loans outstanding remained nearly unchanged, the portfolio of forei gn currency loans continued to grow in 2024. The lending activity of the banking system corresponds to the cyclical position of the economy. Corporate lending is currently subdued, primarily due to insufficient demand factors. 2024 brought a seemingly strong recovery for the Hungarian venture capital and private equity market, especially when compared to the low baseline of 2023. While the top-line numb ers for 2024 suggest a return to growth, the underlying data , especially the reliance on one large buyout, indicates that it is not yet in full recovery. Rather, 2024 may mark the first signs of stabilisation and renewed inves tor interest. The focus of the new economic policy announced by the Government through Government Resoluti on 1311/2024. aims to put the economy is on a higher growth path in 2025. According to the government decision, in order to dynamise the economy, the performance of Hungarian-owned SMEs mus t be further strengthened so that they contribute more to growth. In order to achieve this, the Government is supporting the development of domestic SMEs with a total of nearly HUF 2 000 billion through the Demján Sándor Programme, which consists of 9 nmeasures implemented as part of the New Economic Policy Action Plan. Hungary2 

FINANCING SMES AND ENTREPRENEURS 2026 – HUNGARY © OECD 2026

Table 1. Scoreboard for Hungary Indicator Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Debt

Table 1. Scoreboard for Hungary Indicator Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Debt Outstanding business loans, SMEs HUF billion 5 379 4 783 4 797 5 014 5 064 4 831 4 942 4 412 4 674 4 692 5 122 5 626.4 6 199 7 175 7 079 7 253.6 Outstanding business loans, total HUF billion 8 959 8 770 8 825 7 892 7 648 7 761 7 355 7 073 7 881 8 562 8 716 9 836.5 10 853 12540 13 049 13642.9 Share of SME outstanding loans % of total outstanding business loans 60.05 54.54 54.36 63.53 66.21 62.25 67.20 62.37 59.31 54.79 58.77 57.20 57.12 57.22 54.25 53.17 New business lending, SMEs HUF billion 3 660 3 531 3 585 3 870 4 662 4 302 3 665 4 187 4 355 3 743 4 670 4 739 5 569 5 430 5 258 5 114 Short-term loans, SMEs HUF billion 2 832 2 775 2 767 3 052 2 654 2 570 2 424 2 708 2 798 2 002 2 418 2 114 2 509 2 313 2 451 1 927.5

Long-term loans, SMEs HUF billion 828.4 756 818 818.2 2 008 1 732 1 241 1 478 1 557 1 741 2 252 2 625 3 059 3 117 2 807 3 186.5 Share of short-term SME lending % of total SME lending 77.37 78.59 77.18 78.86 56.93 59.75 66.14 64.69 64.25 53.48 51.77 44.61 54.94 42.60 46.61 37.69 Government loan guarantees, SMEs HUF billion 409.2 377.1 343.4 251.9 350 346.2 348.7 469.3 601.2 725.5 707.1 1 193.3 1 413 1 526 1 428 1 019.5 Government guaranteed loans, SMEs HUF billion 600.3 472 437.2 314.8 458 433.8 429.4 568.6 731 894.2 934.9 1 561.9 1 726 1 908 1 833 1 327.1 Non-performing loans, total % of all business loans 10.10 12.80 17.40 17.70 16.10 13.70 9.60 5.40 3.30 5.52 3.83 3.42 3.60 3.96 3.83 3.78 Non-performing loans, SMEs % of all SME loans 8.90 12.80 15.90 20.50 18.60 20.70 13.70 6.30 4.40 3.82 6.18 1.39 1.14 1.60 1.90 0.98

Interest rate, SMEs % 12.31 8.99 9.38 9.70 7.40 5.10 4.70 4.20 3.30 2.44 2.97 1.88 3.53 10.99 15.33 10.24 Interest rate, large firms % 11.07

8.90 5.90 4.10 2.40 2.80 1.80 2.00 1.30 1.58 2.77 11.18 16.59 9.32 Interest rate spread %age points 1.24

0.80 1.50 1.00 2.30 1.40 1.50 0.44 1.67 0.30 0.76 -0.19 -1.26 0.92 Collateral, SMEs % of SMEs needing collateral to obtain bank lending

71.00 64.50 60.10 53.40

Rejection rate 1-(SME loans authorised/ requested)

14.30 19.06 9.66 4.79 12.67 11.69 9.97 5.95 11.94 13.56 13.00 4.58 Utilisation rate SME loans used/ authorised

81.50

Non-bank finance Venture and growth capital HUF million 720 6 982 11 308 19 361 15 880 18 759 27 742 12 070 11 470 28 661 28 803 125 532 126 928 88 912 50 517 30 575 Venture and growth capital (growth rate) %, Year-on-year growth rate -94.78 869.72 61.96 71.22 -17.98 18.13 47.89 -56.49 -4.97 149.88 0.50 335.83 1.11 -29.95 -43.18 -39.48

Leasing and hire purchases HUF billion

490.5 483.3 538.4 677.4 734.3 749.8 845.8 937.5 1 053.8 Factoring and invoicing HUF billion

46.5 107.9 66.7 55.2 41.4 32.4 49.3 38. 21.4 Other indicators Payment delays, B2B Number of days 19 15 22 20

17.40 17.40 4 -1 5 1 18 12 11 14 15 Bankruptcies, total Number per 100 firms 2.12 2.32 2.79 3.01 3.76 6.44 4.88 3.77 3.22 4.01 3.70 2.25 2.28 3.84 4.24 3.72 Bankruptcies, total (growth rate) %, Year-on-year growth rate 25.65 9.50 20.40 7.90 24.70 71.30 -24.20 -22.90 -14.44 24.34 -7.73 -39.04 1.15 68.60 10.35 -12.30 3

FINANCING SMES AND ENTREPRENEURS 2026 – HUNGARY © OECD 2026

Macroeconomic and financing conditions The outbreak of the large-scale aggression of Russia against Ukraine and the rel ated energy crisis have posed new challenges for the economy. The difficulties brought a slight downturn, but the Hungarian economy has been stabilised in the fourth quarter of 2024. Growth was mainly driven by services, while industry, construction and agriculture showed subdued performance. Consumption continued to expand, supported by rising real wages and government tax cuts. (Macroeconomic Overview, 2025) Hungary's GDP in 2024 was 6.4% above its pre-pandemic level in 2019 (EU: 5.4%; EA: 4.8%), despite

by rising real wages and government tax cuts. (Macroeconomic Overview, 2025) Hungary's GDP in 2024 was 6.4% above its pre-pandemic level in 2019 (EU: 5.4%; EA: 4.8%), despite obstacles to the disbursement of EU recovery funds.The volume of GDP increased by 0.5% in 2024, and adjusted for calendar effects, the economic performance increased by 0.6% compared to the previous year. In the first quarter of 2025, the Hungarian economy contracted slightly, by 0.4% on an annual basis and by 0.2% compared to the previous quarter, dragged down by weak external demand and industrial exports, and by still sluggish investment performance. Overall, weak demand is holding back investment in several sectors, particul arly in manufacturing and construction, which is not yet being offset by the huge amount of working capital investment. Nevertheless, the Demján Sándor Programme for SMEs may improve the investment climate for businesses. The Hungarian labour market has proved resilient not only to the coronavirus crisis, but also to the energy crisis. In 2024, the employment rate (15-64 year olds: 75.1%) reached a record high, while the unemployment rate is well below the EU average at 4.5% (EU: 5.9%; EA: 6.4%). The average annual inflation rate was 3.7% in 2024. The decline in global inflation came to a halt in the autumn of 2024, with consumer price inflation starting to accelerate again in several co untries, including Hungary. Although the investment rate has declined in recent years, it remains high and Hungary remains an attractive investment destination. In 2024, overall gross fixed capital formation declined by 11.3%, driven by a 21% drop in public investment. The rate has stabilised at a high level as a result of past high investment, reaching around 24% in 2024, one of the highest in the EU. SMEs in the national economy

21% drop in public investment. The rate has stabilised at a high level as a result of past high investment, reaching around 24% in 2024, one of the highest in the EU. SMEs in the national economy According to the estimated data of the SME Performance Review 2025 of the European Commission, at the end of 2024, 707 329 enterprises operated in Hungary, 99.9% of which (706 380 enterprises) qualified as SMEs. Hungarian SMEs are responsible for 70.1% of the total employment and generat ing 56.8 % of the value added. (European Commission, 2025[1]) In 2024, SMEs employment in Hungary declined with a relatively small contraction of -0.1%. Similarly, SME real value added dropped b y -3.2%. The most affected NACE sections are Manufacturing (C) and Water supply, sewerage, waste management, and remediation activities (E). On the othe r hand, some services sections, like Accommodation and food services (I) and Information and communication (J), managed to grow substantially in both indicators. Tourism, the third biggest industrial ecosystem in Hungary, managed to grow its SM E employment by 2.8%, the highest growth among all 14 ecosystems. Furthermore, it also grew by 1.0% in SME real valueadded terms, making it the ecosystem with the third highest growth after both Digital a nd Cultural and Creative Industries, which increased by 5.9% and 1.2%, respectively.4 

FINANCING SMES AND ENTREPRENEURS 2026 – HUNGARY © OECD 2026

The European Commission’s data on the business economy ensures comparability between EU member states (Table 2). Table 2. SMEs in Hungary 2024, basic figures Class size Number of enterprises Number of persons employed Value added Hungary EU Hungary EU Hungary EU Number Share Share Number Share Share Billion € Share Share

states (Table 2). Table 2. SMEs in Hungary 2024, basic figures Class size Number of enterprises Number of persons employed Value added Hungary EU Hungary EU Hungary EU Number Share Share Number Share Share Billion € Share Share Micro 672 095 95,0 % 93,6 % 1 070 969 36,1 % 30,1 % 20,7 20,7 % 20,1 % Small 29 783 4,2 % 5,4 % 562 929 19,0 % 19,5 % 18,5 18,5 % 16,6 % Mediumsized 4 502 0,6 % 0,8 % 443 900 15,0 % 15,5 % 17,6 17,6 % 16,9 % SMEs 706 380 99,9 % 99,8 % 2 077 798 70,1 % 65,1 % 56,9 56,8 % 53,6 % Large 949 0,1 % 0,2 % 887 668 29,9 % 34,9 % 43,2 43,2 % 46,4 % Total 707 329 100% 100 % 2 965 466 100 % 100 % 100,1 100 % 100 % Source: These are estimates for 2024 produced by JRC, based on 2008-22 figures from the Structural Business Statistics Database as well as provisional data for 2023-2024 from the Structural Business Statistics Database (2023 figu res for certain indicators), the National Accounts database and the Short Term Business Statistics Database (all Eurostat). The data cover the 'non-financial business economy', which includes industry, construction, trade, and services (NACE Rev. 2 sections B to J, L, M, N & S95), but not enterprises in agriculture, forestry and fisheries

database and the Short Term Business Statistics Database (all Eurostat). The data cover the 'non-financial business economy', which includes industry, construction, trade, and services (NACE Rev. 2 sections B to J, L, M, N & S95), but not enterprises in agriculture, forestry and fisheries and the largely non-market service sectors such as education and health. The follow ing size-class definitions are applied: micro firms (09 persons employed), small firms (10-49 persons employed), medium-sized firms (50249 persons employed), and large firms (250+ persons employed). SME lending The total corporate loan portfolio of credit institutions increased by 1.6%and the SM E loan portfolio increased by 1.9%in 2024. Even with this growth, this shows a continued slowdown in the portfolio growth rate, in contrast to other countries in the region, where corporate loan dynamics turned up in 2024 H2. The total value of new corporate loan lending decreased by annual comparison. With subsidised loan schemes being phased out and becoming more targeted, the share of subsidised loans declined substantially within new disbursements and the total loan portfolio (MNB Financial Stability Report, 2025 M ay). Although the total loans outstanding remained nearly unchanged, the portfolio of forei gn currency loans continued to grow in 2024. The expansion of FX lending was largely linked to companies with natural foreign currency coverage. The average interest rate (payable by the customer) on newly disbursed loans is higher than the average interest rate on loans outstanding, which may pose a refinancing risk, especially for subsidised loans maturing in the near future. However, the portfolio of these loans is not si gnificant. The lending activity of the banking system corresponds to the cyclical position of the economy. Corporate lending is currently subdued, primarily due to insufficient demand factors. Banks noted declining demand for investment loans in 2025 Q1, and they do not expect a significant recovery in 2025 Q2-Q3 either. The Central Bank of Hungary (MNB) initiated discussions with credit institutions on the pos sibilities of increaslending is currently subdued, primarily due to insufficient demand factors. Banks noted declining demand for investment loans in 2025 Q1, and they do not expect a significant recovery in 2025 Q2-Q3 either. The Central Bank of Hungary (MNB) initiated discussions with credit institutions on the pos sibilities of increasing corporate lending to support the economy. With the improvement of real economic processes and the expansion of the Demján Sándor Programme, it is predict ed that the corporate loan portfolio will increase by 6%in 2025. The annual dynamics of SME lending, which better reflect the basic processes, lag ged behind the large company sector in the first three quarters of the year, and then following the latter’s s ignificant slowdown, both segments closed 2024 with annual growth of less than 2%. Corporate lending dynamics – calculated by eliminating the financial and insurance sector – amounted to 4.2 per cent at the end of 2024. 5

FINANCING SMES AND ENTREPRENEURS 2026 – HUNGARY © OECD 2026

With the end of the subsidised loan schemes, the share of subsidised loans de creased to 35%by the end of 2024. Similar processes were observed in the SME sector: in 2019, the share of subsidised loans in the total portfolio was 20%, before peaking at about 55%at the end of the firs t quarter of 2024 and then decreasing to 51%by the end of the year. The domestic guarantee portfolio as a proportion of GDP remains high. The value of new contracts has decreased by annual comparison. In 2024, new contr acts amounted to HUF 3 500 billion in the credit institution sector, which was 11%less than the 2023 disburs ements. The decline primarily affected current asset and other loans, while the new contracting of investment loans exceeded the 2023 disbursement level – a low base figure – by 8%, but still lags behind the 2021-22

The decline primarily affected current asset and other loans, while the new contracting of investment loans exceeded the 2023 disbursement level – a low base figure – by 8%, but still lags behind the 2021-22 disbursements. In the micro, small and medium-sized enterprise segment, the vol ume of new loan contracting decreased by 6% in 2024, while in the large company segment it decreased by 16%. With the phasing out and narrowing of the subsidised loan schemes in mid-2024, the sh are of loans contracted on a non-market basis within new disbursements decreased substantially, fro m 35% in 2023 to 19%in 2024. These products played an even greater role in the SME loan market, where the ir share fell from 47%to 28%. Figure 1. Changes in credit conditions in the corporate segment

Source: (MNB, 2025 May, Trends in Lending, based on bank responses) Credit conditions The average interest rate charged to SMEs is 10.24% and the spread between interes t rates charged to SMEs and to large enterprises is 0.92 per centage points in 2024.

The lending activity of the banking system corresponds to the cyclical positi on of the economy, and the current subdued activity in corporate lending stems mostly from insufficient demand f actors, rather than supply factors that are hampering lending . According to questionnaire-based surveys, the business and investment activity of domestic companies is dampened mainly by subdued consumer demand, the lingering effects of inflation and uncertainty.6 

FINANCING SMES AND ENTREPRENEURS 2026 – HUNGARY © OECD 2026

The ratio of foreign currency loans within the total loan portfolio has increa sed. The foreign currency loan portfolio is typically tied to companies with natural coverage. The renewal of loans outstanding may pose a risk under permanently higher real interest rates. (MNB, 2025 May). According to the Lending Survey of Hungarian National Bank, with unchanged standards on corporate

portfolio is typically tied to companies with natural coverage. The renewal of loans outstanding may pose a risk under permanently higher real interest rates. (MNB, 2025 May). According to the Lending Survey of Hungarian National Bank, with unchanged standards on corporate lending, banks reported declining demand for long-term loans. Looking ahead, a quarter of the banks expect demand to pick up for credit as an effect of the Demján Sándor Programme starting in January 2025, which they expect to be felt in both company sizes, with demand expected to pick up mainly for HUFloans. The government announced the Demján Sándor Programme in October 2024, to contribute to t he development of the SME sector and stimulate demand for investments. It will inject HUF 2000 billion into the economy Alternative sources of SME financing Venture Capital and Private Equity 2024 brought a seemingly strong recovery for the Hungarian venture capital and private equity market, especially when compared to the low baseline of 2023 (HVCA, 2025). During 2024, EUR 606.0 million was invested into Hungarian companies through 56 transactions. There was a 52.5% decrease in the total number of transactions, and 357.2% increase i n the total invested amount compared to 2023. As a result, the average deal size increased by 863.3% from 2023 to 2024. The total investment in 2024 marked the highest value reported in the past dec ade, driven by a single exceptionally large buyout amounting to EUR 483.0 million. This single deal distorts the overall picture and should not be interpreted as a broad-based market rebound just yet. That said, there were some encouraging signs beneath the surface. Growth-stage investments gained momentum, and Hungarian companies in this phase received on average 35.4% more capital when foreign investors were involved. This suggests continued interest in scalable opportunities, even if investor caution still lingers. The Consumer Goods and Services and ICT sectors remained dominant, capturing 86.1% of

momentum, and Hungarian companies in this phase received on average 35.4% more capital when foreign investors were involved. This suggests continued interest in scalable opportunities, even if investor caution still lingers. The Consumer Goods and Services and ICT sectors remained dominant, capturing 86.1% of total capital invested and 37.5% of all transactions, highlighting where investor conviction is strongest. In 2024, 74 investments were executed by Hungarian investors either in the domestic market or abr oad, half the number of investments in 2023Total value of investments decreased from EUR 1 54.6 million to 126.6 million between 2023 and 2024. However, the reported average deal size increas ed 46.1% compared to 2023, showing an increase in appetite for larger investments by Hungar ian VC-s. Start-up and growth-stage companies continued to attract most of the capital, while average deal siz e in the start-up and rescue/turnaround stages rose sharply by 40.8% and 119.3%, respectively. Fundraising activities also bounced back, with EUR 227.7 million raised —more than double the last reported figure from 2022. This was driven primarily by capital from the Central and Eas tern Europe (CEE) CEE region and increased participation from government agencies, fundof-funds, and institutional managers. Traditional sources like banks and family offices saw their relative contributions decline. While the top-line numbers for 2024 suggest a return to growth, the underlying data, especially the reliance on one large buyout , indicates that Hungary is not yet in full recovery. Rather, 2024 may mark the fi rst signs of stabilisation and renewed investor interest. Hopefully 2025 will bring more broad-b ased growth and consistent capital flows across all stages and sectors of the Hungarian VC and PE ecosystem. 7

FINANCING SMES AND ENTREPRENEURS 2026 – HUNGARY © OECD 2026

Table 3. Type of investments by Hungary, 2023-2024 (in EUR thousands)

FINANCING SMES AND ENTREPRENEURS 2026 – HUNGARY © OECD 2026

Table 3. Type of investments by Hungary, 2023-2024 (in EUR thousands) Type of investments by Hungary, 2023-2024 (in EUR thousands) 2023 2024 Seed 6 383 440 000 Start-up 43 133 29 097 Later stage venture 1 000 1 038 Total venture 50 517 30 575 Growth capital 78 182 72 983 Turnaround/Rescue 1 012 7 619 Replacement capital 0 000 11 800 Buyout 2 840 483 000 Total amount invested 132 551 605 977

Source: Invest Europe, 2025

Government policy response The Demján Sándor Programme The focus of the new economic policy announced by the Government with Government Resoluti on 1311/2024. (X. 21.) is to ensure that the economy is on a higher growth path in 2025. According to the government decision, in order to dynamise the economy, the performance of Hungarian-owned SME s must be further strengthened so that they contribute more to growth. In order to achieve all of this, the Government is supporting the development of domestic small and medium-sized enterprises with a total of nearly HUF 2 000 billion through the Demján Sándor Programme, which consists of 8+1 measures implemented as part of the New Economic Policy Action Plan, as a result of the budget increases. 1.Demján Sándor Capital Programme Name of the programme: Demján Sándor Capital Programme Start date: Jan 2025 End date: June 2026

Objectives: The support amount can be used for equipment and mach inery purchases, infocommunication developments, market expansion, acquisitions, exports, green investments, workforce training and development, marketing activities and logistics system development.

Source of funding: Government

Objectives: The support amount can be used for equipment and mach inery purchases, infocommunication developments, market expansion, acquisitions, exports, green investments, workforce training and development, marketing activities and logistics system development.

Source of funding: Government Delivery agents and type: MKIK Capital Fund Management Co., Ltd.

Main targeted beneficiaries (eligibility criteria): SMEs operating in Hungary. They have at least 2 employees. They have at least two completed business years. Their revenue has reached an average of HUF 300 million in the last two years.

Financing terms: The programme offers an interest-subsidised financial instrument in the form of a capital increase and loan capital, with a minimum amount of HUF 100 million and a maximum amount of HUF 400 million.

Programme terms: Actual cost: HUF 150 billion Uptake by beneficiaries: Based on data from May 12, 2026, 329 positive decisions were made in value of HUF 76.2 billion Relevant link to the programme website (if available): https://demjantokeprogram.hu/ Evaluations undertaken: No ( X ), Yes ( ). If yes and available, please add link to review Similar local or regional programmes (if independent):8 

FINANCING SMES AND ENTREPRENEURS 2026 – HUNGARY © OECD 2026

2. Demján Sándor “1+1” SME Investment Stimulation Support Programme Name of the programme: Demján Sándor “1+1” SME Investment Stimulation Support Programme Start date: Dec 2024 (announcement) End date: December 2025 (application) 2 rounds Objectives: increasing the investment activity of SMEs Source of funding: Government Delivery agents and type: Hungarian Economic Development Agency Main targeted beneficiaries (eligibility criteria): SMEs operating in Hungary. They have at least 2 employees. They have at least two completed business years. Agricultural and food industry development needs are not eligible for support.

Source of funding: Government Delivery agents and type: Hungarian Economic Development Agency Main targeted beneficiaries (eligibility criteria): SMEs operating in Hungary. They have at least 2 employees. They have at least two completed business years. Agricultural and food industry development needs are not eligible for support.

Financing terms: SMEs can receive non-refundable support of HUF 5 million and a maximum of HUF 200 million in the 1st round and HUF 25-200 million in the 2nd round, with a support intensity of 50 %.

Programme terms: Actual cost: HUF 150 billion (1st round HUF 130 billion, 2nd round HUF 20 billion) Uptake by beneficiaries: Based on data from May 12, 2026, in the 1st round 1,412 companies received non-refundable support worth HUF 110.5 billion. In the 2nd round 618 companies applied for a total of HUF 47 billion. 256 companies received a support decision, worth a total of HUF 20 billion.18 billion forints were paid out.

Relevant link to the programme website (if available): https://www.vali.hu/egypluszegy-program Evaluations undertaken: No (X), Yes ( ). If yes and available, please add link to review Similar local or regional programmes (if independent):

3. Demján Sándor “Every business should have its own website” Programme The programme aims to increase the online presence of businesses, promote their presence on social media, and facilitate their entry into e-commerce. The programme primarily targets businesses that do not yet have a website or whose internet interface is inactive.

The programme was announced in December 2024 with a budget of HUF 9 billion. 40 suppliers are available to businesses as service providers. The number of businesses that have applied for the service is 7 955, with a total support request of HUF 10.21 billion. Based on data from May 14, 2026, a total of 5 724 vouchers entitling to support were issued, of whi ch 4

for the service is 7 955, with a total support request of HUF 10.21 billion. Based on data from May 14, 2026, a total of 5 724 vouchers entitling to support were issued, of whi ch 4 752 have already been redeemed by the winning companies. A second round was announced with the budget of HUF 1.2 billion. The number of successful applicants so far 674 applications, totaling HUF 1.09 billion.

4. Demján Sándor preferential Széchenyi Card Programme As of November 1, 2024, the annual interest rate payable by customers for investment and leasing-type loan products of the Széchenyi Card Programme (SZKP) has been reduced to 3.5 %.

The interest rate reduction continued in February 2025: as of February 17, the interest rate on investment and leasing-type loans was reduced by another 0.5%, from 3.5% to 3%. In addition, other SZK P products have also become more favourable, and they can be used at an interest rate of 4.5 % instead of 5 %. The aim of the measure is to launch investments, which can accelerate economic growth. Based on data as of May 10, 2026, the number of loan applications received since the start of the interest rate reduction exceeded 40 thousand, and the requested loan portfolio was HUF 1 940.7 billion. 9

FINANCING SMES AND ENTREPRENEURS 2026 – HUNGARY © OECD 2026

5. Demján Sándor Export Promotion Loan Programme EXIM Bank has relaunched its previously successful products, which can be used by both exporting and non-exporting companies for investment, green investment and leasing purposes, for which the G overnment is investing HUF 900 billion.

The six products offered by EXIM Bank include the Future Exporters Investment and Green Investment Loan, the Export Boosting Investment Loan, the Future Exporters Investment Loan, the Future Exporters

non-exporting companies for investment, green investment and leasing purposes, for which the G overnment is investing HUF 900 billion. The six products offered by EXIM Bank include the Future Exporters Investment and Green Investment Loan, the Export Boosting Investment Loan, the Future Exporters Investment Loan, the Future Exporters Leasing, the Future Exporters Working Capital Loan, and the Future Exporters Real Es tate Development Working Capital Loan. Within the framework of the Demján Sándor Export Promotion Loan Programme, a total of 2801 companies received transactions in value of HUF 441.63 billion based on data as of May 11