• Home
• Channel: Tech
• Hungarian Companies Spend Little on Digitalisation

Hungarian Companies Spend Little on Digitalisation

• 15 Jul 2021 9:49 AM
• Hungary Matters

Around two-thirds of Hungarian companies consider themselves “more innovative than average”, but only about one-fifth have an innovation strategy, and spending on digitalisation accounts for just 5% of operating costs, a survey conducted by K&H Bank shows.

The survey showed that only 36% of respondents said the digital transition was important for their business, while 45% said it was not a major issue at the moment.

Hungarian companies continued to innovate during the coronavirus pandemic with 43% introducing new products or services in the past two years.

The share was as high as 70% among big corporations. Some 42% of respondents plan to roll out new products or services in the next 12 months.

The survey shows industrial and service sector companies lead in terms of innovation, while innovation is weakest in the farm sector.

The representative survey involved 360 companies with annual revenue over 300 million forints (EUR 840,000).

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Companies Digitalisation

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

AI Can Be Breakout Point for Hungarian Economy, Says Gov't Official

• 1 Dec 2023 7:41 AM

Artificial intelligence can be a breakout point for the Hungarian economy, and the government aims to make Hungary the best-prepared country for digitalisation in the region, the state secretary for industry policy and technology told a conference.



New App to Replace Paper ID in Hungary for Smartphone Users

• 15 Nov 2023 7:07 AM

A new bill on digital citizenship will enable Hungarians to consolidate various forms of ID on smartphones, Cabinet Office leader Antal Rogán told Parliament’s economic committee on Tuesday before the proposal was submitted to Parliament later in the day.



Green Light to “Put Hungarian Research Into an International Orbit” Given by Parliament

• 14 Jun 2023 11:47 AM

Parliament on Tuesday voted to give the green light to a new national innovation strategy dubbed the Neumann János Programme, aimed at facilitating links between universities, research institutes, and the economy.



Digitalisation of “Key Importance” to Hungary, Agree Orbán & Deutsche Telekom CEO

• 5 Jun 2023 9:01 AM

Prime Minister Viktor Orbán discussed the outlooks, challenges and achievements related to digital developments in Hungary with Timotheus Höttges, chief executive of German telecommunications giant Deutsche Telekom, in Budapest on Friday, his press chief said.