National Company Database: 98 percent of the Hungarian firms are micro enterprises

The sales revenues of 98 percent of the Hungarian companies is less than 2 million euros per year.

According to the EU definition it is the small business limit, so almost all Hungarian companies can be considered as micro-enterprises in EU standards. This kind of corporate structure can cause shaky economic environment – the communication of the BCE National Company Database Nonprofit Ltd. (NCT) states. (MTI)