SMEs totaled 35% of added value in business sector

Tourism

Small- and medium-sized enterprises accounted for 35.2% of the added value in the non-financial business sector in Hungary in 2017 compared to the 46% share of large enterprises, a recently published data compilation from Eurostat finds.

There were a little less than 2.715 million people employed in the non-financial business sector in Hungary in 2017 and, of these, 972,900 were employed by SMEs and 845,200 by large companies. The number of SMEs in the country was 32,290 compared to 935 large enterprises.

Out of some 570,000 companies in Hungary in 2017, around 536,780 were micro-enterprises employing less than 10 people.

Companies employing 10 to 49 people are classified as small enterprises, those employing 50 to 249 workers are considered medium-sized enterprises and companies with 250 or more workers are classified as large enterprises, Eurostat says.

ADVERTISEMENT

Polish companies confirm better access to financing in 2021 Analysis

Polish companies confirm better access to financing in 2021

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.