Hungarian lessors saw new business fall by 66 percent
year-on-year in the third quarter, new figures show.
According to the Hungarian Association of Leasing and Financing
Companies, the value of new leases signed by Hungarian companies
fell to HUF123.5 billion (€444.7 million) in Q3.
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This decline slowed from a 70 percent year-on-year decline in
Q2, and is expected to slow further for the rest of the year and in
2010, Zoltan Hordos, the association chairman, said.
The value of new leases signed for cars, commercial vehicles,
machinery and equipment is expected to reach HUF450-470 billion in
2009, down from HUF1,200 billion in 2008, the association
added.
Jason T Hesse
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