2023 became the year of negative records in the company trend
Negative processes in the company trend in 2023. There are 12.2 thousand fewer social enterprises in the economy. The fewest annual company foundings in the past six years – 25.7 thousand. Record high discontinuations – 37.9 thousand units. The high number of new company court proceedings may lead to stagnation in 2024. In 2023, company closures and liquidations increased both globally and in Hungary.
According to international experts, high interest rates and the reduction of public subsidies after Covid led to the disappearance of zombie companies. According to OPTEN data, the number of enterprises in Hungary decreased by 12,200 in 2023, which is 2.4% of the number of social entrepreneurs. The downsizing of state bailouts and adapting to economic changes were a major challenge for businesses. In the company trend, company closures that were missed or postponed during the epidemic mostly affected the first half of 2023. This is clearly shown by the fact that until August, the decrease in the number of companies – a total of nearly 10,000 – was the determining factor. Although there was a pause in August – there were 60 more companies than there were – but after that the decrease continued, exceeding 12,000 on an annual basis.
Related news
Opten: The number of companies in Hungary may drop below half a thousand
A lasting and profound transformation is taking place in the…
Read more >Quiet reorganization on the entrepreneurial map – the number of partnerships decreased further in April
In April 2025, the slow restructuring of the domestic entrepreneurial…
Read more >Less entrepreneurship, more difference – this is how the number of companies changed by county between 2022 and 2024
While the number of businesses decreased nationwide, completely different processes…
Read more >Related news
What makes us add the product to the cart – research
The latest joint research by PwC and Publicis Groupe Hungary…
Read more >Energy drinks are now legal: what every shopkeeper should know
New regulations on the sale of energy drinks came into…
Read more >The prices of household and hygiene products can also be tracked in the Price Watch
The online Price Monitoring System operated by the Hungarian Competition…
Read more >