Hungarian companies abroad: for the time being, few of them cross the border
Only a fifth of the domestic micro, small and medium-sized enterprises carry out export activities and the proportion of new players entering the foreign market is also low – according to Budapest Bank ’s research carried out among 500 companies – although foreign sales significantly increase revenues: on average, the quarter of the turnover comes from foreign operations.
While the presence of foreign competitors increases in the domestic market, most of the Hungarian companies do not attempt to compensate this with cross-border expansion. First of all because they believe that their products, services are not exportable or because they consider themselves too small. However, according to the survey, the size of enterprises is not decisive in entering to foreign markets.
Related news
Kyiv is ready to limit Ukrainian food exports to the EU
Ukraine is ready to accept trade restrictions with the European…
Read more >KSH: The volume of exports of food, beverages and tobacco increased by 6.2 percent
In November 2023, the volume of exports decreased by 3.6…
Read more >This causes the biggest headache for Hungarian SMEs wishing to enter the export market
In regional terms, domestic small and medium-sized enterprises perform on…
Read more >Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >