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
Generational change is increasingly a concern for Hungarian businesses
Surveys in recent years have shown that while Hungarian private…
Read more >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 >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >