Small and medium -sized Hungarian institutions play an important role in operating the economy, hiring about 70 percent of workers, while GDP expenses are still less than their European competitors. This difference occurs mainly from the aspects of technological deficiencies and capital density, which reduces investment activity and reduces productivity.
The role of small and medium -sized companies in the Hungarian economy and their current situation
Small and medium -sized companies (small and medium companies) are the backbone of the Hungarian economy, with more than 99 percent of companies. These companies guarantee the employment of more than two -thirds of workers and contribute greatly to the performance of the national economy. However, the sector faces many challenges that can affect its competitiveness and long -term growth opportunities.
Photo: dsprogram.hu
The economic importance of small and medium companies plays a major role not only at work but also in the production of added value. Small and medium-sized companies produce more than 50 percent of GDP, but exports are responsible for only 28 percent and much less than half of the investments are achieved here-while they play an important role in innovation and development of local economies. However, local companies often face structural problems such as technological delays or the lack of resources that restrict their growth capabilities.
