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Most Hungarians Spend Less in Inflationary Environment

D&T
Jun 22, 2022

In the current inflationary environment, 80% of Hungarians indicated that they are spending less to protect their current financial situation, with consumers cutting back on purchases of food and hygiene products in particular, the CEO of Magyar Cetelem Bank said at a press conference in Budapest on Wednesday, presenting the results of a survey conducted […]

More Companies Planning Digital Development

D&T
Jun 13, 2022

The number of companies planning digital development has increased, while K&H's innovation index has also risen, and the positive trend of the indicator has not been interrupted by the Russian-Ukrainian conflict, Balázs Németh, Head of Innovation at K&H Bank, said at the bank's online press conference. The latest research, conducted in the first half of […]

Raw Material Shortages: Growing Problem for SMEs

D&T
Jun 8, 2022

Shortage of raw materials has closely caught up with labor shortages among the factors hindering the operation of firms, with 26% of small and medium-sized enterprises (SMEs) struggling with the former and 33% with the latter in the first three months of this year, according to the first quarterly results of the K&H SME Confidence […]

Tourism Likely to Return to Growth in the CEE Region

D&T
Jun 2, 2022

Tourism in the Central and Eastern European region is back on the rise this summer, despite rising hotel prices, global inflation and a war in the neighborhood, with travel increasing in every country in the region, with nine out of ten people planning to travel in 2022, mostly within the region, according to the latest […]

Changing TV Viewing Habits in Hungary

D&T
May 30, 2022

TV viewing habits have changed significantly in recent years, with the entry of streaming services, which have shifted the way people watch TV from channel to program, according to a survey, and it has also changed where people watch TV, such as in their rooms, on the terrace or on the train. A research by […]

Hungarians Plan More Foreign, Shorter Domestic Travel

D&T
May 30, 2022

The epidemic is less of a barrier to holiday planning this year, financial constraint is more of concern; although a higher proportion of respondents are planning a holiday abroad than last year, the proportion of those planning a domestic trip of at least five days has not changed in a year, and the majority are […]

Hungarians’ Expectations Have Deteriorated Dramatically

D&T
May 28, 2022

According to a recent survey by Scale Research, the subjective income situation, borrowing openness and savings expectations of the population have now sunk to the levels seen during the coronavirus epidemic, with the last two years of strengthening almost disappearing from the population's expectations, the portfolio.hu business news portal reports. This March, only 15% of […]

Business and Consumer Expectations Down Significantly

D&T
May 23, 2022

After improving by eight points in April, the GKI economic sentiment index fell by five points in May. This is a very significant fluctuation, but the May figure is about the same as a year earlier. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, business expectations […]

Interest in Electric Cars Growing in Hungary

D&T
May 19, 2022

One in three Hungarian drivers is considering buying an electric car because of its lower maintenance costs and lower emissions. That is according to a representative survey conducted by the international consultancy firm Ernst & Young (EY). Results of the survey sent to the state news agency MTI suggest that 80% of Hungarians have never […]

Tech: the Driving Force Behind Acquisitions in Hungary

D&T
May 13, 2022

The technology sector remains the most popular investment destination in Hungary in 2021. Meanwhile, an increasing proportion of Hungarian companies are expanding abroad, according to a survey by the financial markets consultancy firm Ernst & Young (EY). In the past year, 132 deals worth a total of USD 4.64 billion were announced in Hungary. The […]

Hungarians Don’t Rush to Buy New Phones

D&T
May 8, 2022

Mobile phone manufacturers come out with new handsets every year, but it's as if the developer momentum ran out with no major new features coming with these updates. Older handsets serve the needs of the majority of people so well that even the two-year replacement cycle favored by operators is not widely adhered to. Hungarians […]

Almost 60% of Hungarians Plan a Domestic Holiday

D&T
May 3, 2022

Close to 60% of Hungarians are almost certain to spend a few days in a domestic holiday destination this year, while 47% will definitely not cross the border in the summer months, according to a representative survey by the insurance firm Generali that sent the results to the state news agency MTI on Tuesday. The […]

60% of Hungarians Are in Favor of Home Office

D&T
May 1, 2022

Two years after the start of the new coronavirus epidemic, the situation in Hungary in terms people working from home is similar to international trends. According to a survey by HR magazine Behaviour, employers also stick to hybrid working: 56.7% of respondents are likely to stay in this arrangement in the long term, the business […]

GKI Economic Sentiment Index at Its Three-Year Peak

D&T
Apr 25, 2022

In April, the economic sentiment index measured by the Budapest-based GKI Economic Research Co. jumped to its level in spring 2019, well before the COVID crisis. This level has only been reached in one month since the crisis, in October 2021. According to the empirical survey conducted by GKI Economic Research Co. with the support […]

Most Hungarians Think the War is Ukraine's Problem

D&T
Apr 21, 2022

Mexicans, Argentinians, Peruvians, Colombians and Chileans, for example, are more interested in what is happening in the country under attack than Hungarians, according to an international survey by Ipsos. Compared with the data from the countries surveyed, a much higher proportion of our fellow countrymen (28 percentage points higher than the international average) think that […]

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