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Digitalization Gaining Momentum at Hungarian Firms

D&T
Jun 8, 2023

The innovation activity of Hungarian companies has not changed in the past six months; K&H's index measuring this stagnated at 28 points on a scale of up to 100, which means that Hungary's gap with the largest innovator countries and the EU average has increased, but digitalization has strengthened, Balázs Németh, head of innovation at […]

More Moderate Growth in Domestic Online Retail Sales

D&T
Jun 6, 2023

According to Reacty Digital's annual online retail survey, domestic online retail sales reached HUF 1,378 billion in 2022, with a more moderate growth of 8% compared to recent years. In a summary sent to MTI on Tuesday, it was reported that during the coronavirus outbreak, due to the closures, more people shopped online more often […]

Environmental Impact Can Be Reduced by Cutting Costs

D&T
May 3, 2023

Hungarian medium and large enterprises are aware of the importance of sustainability requirements, but in the unfavorable economic environment, companies are primarily focusing on reducing their costs, which indirectly reduces their environmental impact, according to a research based on the K&H Sustainability Index, the results of which were released to MTI on Wednesday. Around 60% […]

Successful Companies See Their Employees as Partners

D&T
Apr 15, 2023

Companies that view their employees as partners and work with them to create sustainable work models that enable employees to get the best out of themselves are the ones that can succeed, according to Deloitte's Global Human Resources Trends 2023 research, the results of which were released to MTI. The business and management consulting firm […]

Three Quarters of Firms Plan to Raise Prices

D&T
Mar 28, 2023

Nearly three quarters of firms with 20 or more employees expect to raise prices in the near future. More than a third of the companies planning to raise prices expect a 6-10% increase, slightly more than a quarter of them expect an 11-15% increase, and a fifth of them expect a 1-5% increase. Presenting the […]

Payment Fraud: People Not Careful Enough

D&T
Mar 27, 2023

People are aware of the methods of payment fraud, they are afraid of becoming victims of fraud, but they do not consciously protect themselves against it, according to a representative research commissioned by OTP Bank. Almost all respondents have heard of some form of banking fraud and 81% fear becoming a victim of cybercrime. Although […]

Workers Value Work-Life Balance More

D&T
Mar 24, 2023

According to an international survey, work-life balance is more important for employees in the long run than the possibility of career building, Profession.hu has reported to MTI. As the press release says, the Boston Consulting Group (BCG), in a global survey conducted this year with the involvement of Profession.hu, among others, examined the attitudes and […]

Large Companies Expect Less and Less Profit

D&T
Mar 21, 2023

Large companies do not expect sales and profit growth this year. Companies have been expecting declining profits for more than a year, which has now reached a negative record, and the expected change in sales is also negative, according to the K&H large company growth index sent to MTI on Tuesday. On average, companies expect […]

Hungarians Open to Buying Second-Hand Goods Online

D&T
Mar 17, 2023

77% of Hungarians are open to buying second-hand products online, 64% have already bought such products online and 8% are confident that they will do so in the future, according to a recent representative survey by Opinio Institue Ltd., conducted on the occasion of the March 18 World Recycling Day. In the survey, commissioned by […]

Businesses' Employment Intentions Have Strengthened

D&T
Mar 8, 2023

The employment intention of businesses has strengthened in Hungary, with around a quarter of firms planning to hire staff, while the share of those thinking of making redundancies is again below 10%, according to the K&H bank’s latest SME confidence index research. The statement highlights that companies are preparing for an average 11% salary increase, […]

Survey: Companies Threatened by Wave of Redundancies

D&T
Feb 27, 2023

Companies in many countries around the world, including Hungary, are threatened by a significant proportion of employees quitting their jobs, according to a Deloitte survey, the findings of which were published in a statement on Monday. The consultancy firm pointed out that in Hungary, the situation is similar to international trends, with 57% of domestic […]

Slight Improvement in SMEs' Profit Expectations

D&T
Feb 27, 2023

The earnings expectations and investment intentions of micro, small and medium-sized enterprises in Hungary improved slightly in November last year compared to the previous quarter, while their sales forecasts stagnated, according to the latest survey of the K&H SME Confidence Index. According to a K&H statement sent to MTI on Monday, the survey summarizing expectations […]

More Hungarian Drivers Prefer Electric/Hybrid Vehicles

D&T
Feb 24, 2023

18% of Hungarian motorists would like to buy an electric or hybrid vehicle within one or two years, compared to 16% last year, according to a representative survey conducted by Generali Insurance in January, the results of which were published by the company this Thursday. According to the statement, those who do not intend to […]

One in Five Hungarians Consider Changing Jobs

D&T
Feb 21, 2023

In 2023, Hungarian society is facing an uncertain economic environment with financial difficulties, so the population is typically saving, saving and many are changing jobs in the hope of better earnings. Hungarians are divided on the economic outlook for this year, according to a representative survey by the insurance company Generali Biztosító. 51% of respondents […]

GDP Growth Below 0.5% Expected by Firms in the Region

D&T
Feb 21, 2023

CFOs of Central European companies expect an average GDP growth of 0.33% this year compared to 2.3% in 2022, close to the 0.25% expected in 2021 during the coronavirus epidemic, the auditing firm Deloitte said based on a recent survey. According to the statement, more than half of those surveyed in Hungary, 56%, expect the […]

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