Hungary (Financing SMEs and Entrepreneurs 2016: An OECD Scoreboard)

Hungary defines SMEs using the standard criteria provided by the European Union. An SME is an enterprise with fewer than 250 employees and an annual turnover not exceeding EUR 50 million. (The definition is stipulated in Law No. XXXIV of 2004 on the Small and medium–sized enterprises and on the support of their development.)
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