Eszterházy Károly College Faculty of Natural Sciences
Small and medium-sized companies are closely involved in economic growth, wider employment, thereby creating new jobs. These businesses use the available tools and opportunities to ensure their competitiveness:
the development of new business ideas, exploring market gaps, innovation and the use of new technologies. The dynamic development of the sector contributes significantly to the continuous renewal of Hungary's economy.
After the economic crisis the number of SMEs is slowly growing, while their composition is changing. The survival of micro and small companies are the smallest, they are changing relatively rapidly, their transformation is more common than larger companies’. The newly established companies, in order to increase their competitiveness, purchase increasingly sophisticated equipment to launch their production or services this change is also seen in the quality of products. The new companies entering the market, and the associated fluctuation stirs competition, new companies usually have higher productivity, improved competitiveness to enter the market, which displace or promote development in the longer term.