K&H: At Takarékláng, innovation is at the doorstep of Hungarian companies

“Innovation is the key to corporate competitiveness and there is no cause for celebration in this respect”

‒ stated Balázs Németh, K&H’s head of innovation, on the occasion that K&H’s innovation index and the second semester survey supporting it were completed.

The K&H innovation index fills a gap because it shows from time to time where the Hungarian economy stands in the innovation competition and what developments the main actors of the economy are preparing for the future.

In the framework of the survey, many of the surveyed companies reported that they had engaged in significant innovation activities in the past two years. Compared to the first half of 2022, eight percentage points more companies indicated that they introduced a new (or significantly improved) product or service in the two years prior to the survey. This activity was characteristic of almost every other business. The innovative attitude was mostly typical of companies operating in the central Hungarian region with a turnover of between HUF 300 million and HUF 1 billion.