The competitive position of SMEs has improved

The quarter of businesses believe that they surpass their competition within a year – according to the recent research of the K&H SME confidence index. However, in the World Economic Forum's competitiveness ranking, Hungary is still in the mid-range, Hungary is only the 24th most competitive country in the European Union.

K&H interviewed half thousand domestic company managers about how the situation develops with their competitors within a year. The research reveals that “After the low point reached in 2015 a strong improvement has started. In half a year the rate of those who expect improvement in competition almost doubled. Currently, a quarter of companies believe that surpasses the competition within a year “- Kovács Viktor Zoltán, K&H SME marketing department manager told.