Innovation Remains Stagnant

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The innovation activity of Hungarian companies has been stagnating at a low level during the current unfavorable economic situation, according to K&H Bank, which announced the latest results of its innovation index this week, writes business daily Világgazdaság.

The data from the research conducted since 2021 indicates that the innovation activity of Hungarian companies has probably moved from rock bottom, but it remains too early to celebrate.

While in the first half of this year, 60% of company managers reported that the unfavorable economic situation had somewhat or significantly influenced their innovation plans, this proportion had already dropped to 52% by the fall.

In relation to the near future, 50% of the respondents named innovation as a somewhat or significantly negative influencing factor, compared to 56% in the spring.

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