Entrepreneurs Preparing for Difficulties of 2023


Entrepreneurs are preparing for the difficulties of 2023 by cutting costs and raising prices, but 25% of companies would "escape ahead" through development, according to research by the online invoicing company Billingo, writes hrportal.hu.

The research highlighted that 27% of the respondents would solve the cost reduction by cutting back on equipment purchases, while 15% of the companies would save on each of the following categories: overhead costs, services used, and material and marketing costs.

Meanwhile, another 19% of businesses would reduce their costs through digitization, while 7% plan to withdraw from the market altogether.

Most of the respondents, 60%, would increase the price of their own products or services by a maximum of 25%.


MNB Int'l Reserves Rise EUR 633 mln in November MNB

MNB Int'l Reserves Rise EUR 633 mln in November

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Number of Job Adverts up Minimally HR

Number of Job Adverts up Minimally

Tourism Nights Down 0.2% y.o.y. in October Tourism

Tourism Nights Down 0.2% y.o.y. in October


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.