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Hungarian Business Leaders More Pessimistic This Year

D&T
Feb 20, 2023

41% of medium and large Hungarian companies expect their net sales to increase this year, compared to 61% last year, and 10% of respondents think their sales will decrease, compared to 3% in 2022, according to the latest research by human resources provider Randstad Hungary. Citing the results of their new survey, the company said […]

PwC: 78% of Hungarian CEOs Do Not Plan to Cut Staff

D&T
Feb 8, 2023

Despite the economic challenges, 78% of Hungarian CEOs do not plan to cut staff and 97% do not plan to reduce employee compensation in the next 12 months, a partner of PwC Hungary's tax advisory business said at a press conference in Budapest on Wednesday. According to Barbara Koncz, the Hungarian CEO survey, which was […]

More Innovators among Larger Firms

D&T
Feb 3, 2023

Among medium and large companies, eight percentage points more firms reported in the second half of the year than in the first half of 2022 that they had introduced a new product or service or significantly improved its quality in the two years preceding the survey, K&H Bank said on Friday, based on its latest, […]

Hungarians for Saving Energy, Against Eating Less Meat

D&T
Jan 17, 2023

Almost the entire Hungarian society would like to live in a more environmentally friendly way in the next year, but is not so open to reducing meat consumption, according to a representative survey conducted by the ELTE Faculty of Pedagogy and Psychology. According to the research, 94.8% of Hungarian society would like to become more […]

Prospects for Tourism Firms Worsened in December

D&T
Jan 10, 2023

The Tourism Business Climate Index (TCI) stood at minus 22 points in December last year, indicating that the sector's operators in Hungary continue to perceive their situation as deteriorating. Compared to November, the index fell by seven points and has deteriorated by 15 points since September, the National Association of Tourism and Hospitality Employers (VIMOSZ) […]

Hungarians Most Likely to Insure Property and Cars

D&T
Jan 10, 2023

Two thirds of Hungarians have some form of insurance; the majority have property insurance, mostly for property and motor vehicles, according to a survey by UNIQA Insurance. The summary shows that half of the 18–50-year-olds surveyed online also have life insurance. The majority of graduates have at least three policies, and the proportion of people […]

Slight Improvement in the Confidence Index of Companies

D&T
Jan 5, 2023

The confidence index showing the one-year expectations of Hungarian micro, small and medium-sized enterprises remained in the negative range in the last quarter, but the indicator improved by the end of the year, dropping from minus 14 in the previous quarter to minus seven points, K&H group highlighted in its announcement. According to the financial […]

The Majority of Young People Expect a Pay Rise

D&T
Dec 23, 2022

69% of young people under 30 who have a job expect a pay rise next year in Hungary, while only 6% fear a decrease, K&H Bank said on Friday, referring to its November survey. Despite the optimistic feedback, the K&H data shows that young people are also feeling the difficulties. In the previous quarterly survey, […]

K&H: Most Large Companies Still Expect HUF to Weaken

D&T
Dec 22, 2022

The majority of large companies' managers expect the Hungarian currency, the forint to weaken further until the summer, with almost all of them adversely affected by the exchange rate change, K&H Bank told the state news agency MTI on Thursday. According to their survey, 65% of respondents expect a weaker forint in the next six […]

Christmas Is About Spending Quality Time with Family

D&T
Dec 17, 2022

Christmas is all about spending quality time with family, 69% of women and 60% of men say, but the preparations can also be stressful, according to a survey by Costa Coffee and GKID in Hungary. The survey found that people choose a variety of ways to relieve stress: one in five relax by reading a […]

Hungarians Willing to Pay for 'Green' Gift Packaging

D&T
Dec 15, 2022

Hungarians are more aware of sustainability, but are less willing to spend on it this year, according to a survey conducted by Opinio market researcher on behalf of Rondo Hullámkartongyártó [corrugated board manufacturer] Ltd. Environmentally friendly packaging was rated as important by 50% of respondents in the run-up to the festive season. If it did […]

56% of Hungarians Support EU Measures Regarding Ukraine

D&T
Dec 14, 2022

Democracy remains the most important value EU citizens want Parliament to stand up for. 72% of respondents (78% in Hungary) believe their country has benefited from being an EU member, according to a new Eurobarometer survey. Democracy, human rights and free speech are paramount to EU citizens as they call on the European Parliament to […]

Over 50% of Hungarians Overspend on Christmas Presents

D&T
Dec 12, 2022

More than half of the Hungarian population overspends on Christmas presents, according to a new survey. 80% of Hungarians plan in advance the value of the gifts they will buy, but more than 50% overspend during the festive season, according to a representative survey by Magyar Bankholding, the summary of which was sent to the […]

Hungarians Over 50: TV Still the Primary Source

D&T
Nov 16, 2022

Internet use is on the rise over the age of fifty, but TV is still the first, according to a statement on media consumption habits sent to the Hungarian state news agency MTI by the Communications Directorate of the National Media and Infocommunications Authority (NMHH) on Wednesday. The online presence of 50-75 year-olds has become […]

Most Hungarian Firms Plan Wage Increase in 2023

D&T
Nov 3, 2022

The expectations of Hungarian companies have become more pessimistic for the 2023 economic year, but half of the companies still expect growth next year and a larger share of them plan to increase wages, according to a recent HR Panorama 2022 study by Profession.hu. The findings of the study, which examines current labor market challenges […]

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