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Hungarian SME policy – Development after EU accession

Hungarian SME policy – Development after EU accession. Tamás Leskó, Hungary. SMEs in Hungary. The SMEs influence significantly the competitiveness of the Hungarian economy: 99,9% of the total number of enterprises are SMEs 872 000 SMEs operat ing (December 2004)

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Hungarian SME policy – Development after EU accession

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  1. Hungarian SME policy – Development after EU accession Tamás Leskó, Hungary

  2. SMEs in Hungary • The SMEs influence significantly the competitiveness of the Hungarian economy: • 99,9% of the total number of enterprises are SMEs • 872 000 SMEs operating (December 2004) • SMEs employ more than 74% of employees employed in the private sector • The contribution to the Gross Added Value of the SME sector is approximately 50% • Their share of export is 36%

  3. SME development policy before EU accession • Act on small and medium-sized enterprises and the promotion of their development • Phare programmes • Micro Credit Programme • Promoting the co-operation among SMEs • Introducing e-business to SMEs • National grant programmes • Investments • EU preparation • Interest subsidies

  4. Grants for SMEs SME development policy before EU accession

  5. SME development policy before EU accession • „The EU at your doorstep” • 473 presentations • In 118 sub-regions (NUTS IV) of 14 counties • 13 500 SMEs took part • Industrial parks • 179 business parks from 1996 to 2005 • 2 500 enterprises

  6. SME development policy after EU accession • New SME definition • Reducing administrative burdens • Simplified Tax for Entrepreneurs • Simplified business registration • Contract samples • Introducing tax allowances and reducing tax rate • Tax rate of personal income tax and corporation tax was reduced from 18% to 16% • Tax allowances to encourage investments by SMEs

  7. EU Structural Funds in SME development Economic Competitiveness Operational Programme

  8. Financial programmes • Credit programmes • Financing investment • Financing working capital • Factoring programme • Subsidised interest to spread factoring among SMEs • Credit guarantees • 67 thousand SMEs, EUR 2150 million (2003-2005) • Venture capital

  9. Credit programmes

  10. Promoting entrepreneurial culture • Calls for application for gipsy (roma) entrepreneurs • Special consultancy • State aid for purchasing machinery • Providing information • On EU requirements • Specific publications • Student programmes

  11. Education of entrepreneurship • Student enterprises • Education for primary and secondary school pupils • Fairs of student enterprises • Competition of students on entrepreneurial skills • „Job Shadow” programme • Conferences for students • Conferences for teachers

  12. New Directions in the Hungarian Enterprise Development Policy • New principles in enterprise development policy • Functional Approach • Sustainability • Institutional Development, Capacity Building • Co-ordination Based on Market Mechanisms • For the period of 2007–2013 a new micro-financing system to be set up through EIF’s JEREMIE mechanism

  13. Thank you for your kind attention! Mr. Tamás LESKÓ Deputy Head of Department Department for SME Development Ministry of Economy and Transport, Hungary lesko.tamas@gkm.gov.hu

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