Opten the survival rate of start-up Hungarian companies deteriorated
According to their announcement, the survival rate of young businesses has gradually declined over the past 15 years, and this trend has not stopped in the past year either, with both the 5-year and 10-year survival rates falling by more than 2 percentage points in one year.
According to Pertics Richard, an analyst at Opten said that the low life expectancy of companies is not good for the stability of the economy, even though tens of thousands of new businesses are created every year, if only a few of them get to long-term, stable operation. The number of start-ups has increased in the last 5 years, with more than 29,000 new companies registered in the country in 2019. Data, on the other hand, show that a declining percentage of new businesses can successfully cope with their “youth” years. (MTI)
Related news
Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >Mihály Varga: the sovereignty of the Hungarian economy and the domestic food industry must be strengthened
The future of Europe can be secured with equal, sovereign…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >