SMEs and IR: Evidence from Hungary

Andrea Madarasi-Szirmai (), Miklós Losoncz (), Zsuzsanna Győri (), Judit Sági () and Szilárd Hegedűs
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Andrea Madarasi-Szirmai: University of Applied Sciences
Miklós Losoncz: University of Applied Sciences
Zsuzsanna Győri: University of Applied Sciences
Judit Sági: University of Applied Sciences

A chapter in Development of Integrated Reporting in the SME Sector, 2021, pp 45-69 from Springer

Abstract: Abstract Hungary defines SMEs using the standard criteria provided by the European Union. The definition is stipulated in Law No. XXXIV of 2004 on the SMEs and on the support of their development. An SME is an enterprise with fewer than 250 employees and an annual turnover not exceeding EUR 50 million or the balance sheet EUR 43 million. The capital or voting rights share the state or any local government holds, either directly or indirectly and either solely or jointly, is not more than 25%. In terms of employment, entities with no more than 49 employees qualify as small enterprises. Within this category, micro-enterprises employ less than ten persons, whereas medium-sized ones have 50–249 employees.

Date: 2021
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DOI: 10.1007/978-3-030-81903-3_3

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