Half of SMEs Struggle With Increasing Energy Costs

Analysis

More than half of the small businesses saw a significant increase in their energy procurement costs in the past year, ccording to research commissioned by the Budapest Chamber of Commerce and Industry (BKIK), writes novekedes.hu.

Domestic small businesses are not in an easy situation due to the increased energy costs.

Some 60% of them forecast further price increases for the next year, the research notes.

For 16% of the companies participating in the BKIK research, the operation has become economically unsustainable, and for another 63%, coping with the situation is challenging.

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