Opportunities, Motivation, Environment GEM 2024

Csákné Filep Judit és Szennay Áron és Tímár Gigi (2024) Opportunities, Motivation, Environment GEM 2024. Projekt jelentés. Budapesti Gazdasági Egyetem, Budapest.

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Abstract

Nearly two-thirds of Hungarian workforce is employed by micro, small and medium-sized enterprises (SMEs), which comprise more than 99% of Hungarian businesses. Supporting and developing these almost 900,000 enterprises, which are the backbone of the economy, and promoting entrepreneurship are therefore a priority for the state. The stability of Hungary’s SME sector is a key factor in the economy’s recovery and the resumption of economic growth in times of war and economic recession. Stability requires a predictable framework and a flexible operating environment. However, achieving this is impossible without gaining a deeper understanding of domestic businesses. This is where the research conducted by Budapest Business University becomes invaluable. It provides decision makers with a credible foundation for establishing strategic directions and development goals. Furthermore, the research findings from recent years have served as a reliable source of data for the 2023 revision of the SME Strategy (2019-2030), which establishes the framework for domestic business development. These findings provide a comprehensive perspective on the functioning of domestic business ecosystems and the current state of entrepreneurs. To increase the inclination towards entrepreneurship, it is necessary to enhance the societal recognition of entrepreneurship and promote it as a viable career option. Additionally, efforts should be made to strengthen and disseminate the fundamental skills that are essential for successful entrepreneurship. We live in turbulent times when up-to-date knowledge is invaluable for successfully adapting to challenges and finding a path to progress. The GEM Hungary National Report contains a number of insightful findings that serve as a solid foundation for assessing the Hungarian entrepreneurial ecosystem and comparing domestic companies to their international counterparts. We extend our congratulations to all those involved in conducting the research, and we eagerly anticipate further insights in the future. Máté Lóga Secretary of State for Economic Strategy, Financial Resources and Macroeconomic Analysis, Ministry for National Economy