New program to boost young entrepreneurs

Initiatives

Photo by Josep Suria/Shutterstock.com

The entrepreneurial spirit of young Hungarian people is well below the international average, uzletem.hu reports, citing the latest survey compiled by the Global University Entrepreneurial Spirit Students Survey (GUESS). A new program aims to change the trend.

Photo by Josep Suria/Shutterstock.com

Only some 5.1% of graduating students start a business in Hungary compared to the international average of 11.2%. Economist Gábor Berger, author of a book titled "Cégalapítás fiatalon” ("How to Start a Business at a Young Age") said most young people know almost nothing about how to open a business.

Their fears are understandable as there are a good deal of prejudices and misbeliefs relating to entrepreneurialism in Hungary, he said.

A new program based in part on his work aims to give a better picture of building a business in Hungary and to boost the motivation of young graduates.

Schools participating in the project will get 1,000 copies of the book for educational purposes, uzletem.hu adds.

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75% MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Spar Magyarország Revenue Climbs Close to 16% in 2023 Retail

Spar Magyarország Revenue Climbs Close to 16% in 2023

Hungary Launches HUF 15 bln Tourism Sector Support Program Tourism

Hungary Launches HUF 15 bln Tourism Sector Support Program

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.