Trademagazin > News and articles > Market News > Lots of small businesses are shutting down this year
Lots of small businesses are shutting down this year
A fifth less gas and 7 percent less electricity were consumed in Hungary after the announcement of the reform of the utility reduction than at the same time a year ago. According to experts, saving is futile: masses of small businesses may go bankrupt, especially in poorer regions.
Utilities are a huge burden for many small businesses, and the end for many. The reason is the price of energy: according to the owner, who told RTL and closed his shop on Friday, it is impossible to manage the drastically increased utility bills, RTL.hu wrote. According to him As a company user, the electricity bill was HUF 300,000, but now it has risen to HUF 1 million. And more every month.
Related news
Generational change is increasingly a concern for Hungarian businesses
Surveys in recent years have shown that while Hungarian private…
Read more >A program supporting teachers and a wool processing company won the Generali EnterPRIZE 2024 application
The serious crises of recent years present challenges to European…
Read more >KKV Park opens in the Southern Economic Zone of Debrecen
Small and medium-sized enterprises will soon be able to use…
Read more >
More related news >
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 >Using 30% less materials would be a solution to the climate crisis
The circular economy is a global imperative: it transcends geographical…
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 >