Magazine: Optimistic investors in the SME sector

The latest market research of Magyar Bankholding and NMS Hungary focused on the planned and realised investments of SMEs with a minimum sales revenue of HUF 300 million. From the participating businesses 47 percent implemented HUF 10 million or bigger investment projects, and 60 percent of those that did kept their development budget below HUF 100 million. 60 percent of agri-food enterprises invested in development last year.

According to a strategic plan of the Ministry for Innovation and Technology, the productivity level of Hungarian SMEs is increasing fast, but it is still less than half of the European Union’s average. Managers are aware of the importance of becoming more competitive, so they gave priority to various technological development projects, e.g. production capacity increasing, new machinery, building modernisation. //