Hungarian women’s influence in business sector above European average

Forbes.hu reports that the Bisnode Index of Women Influence 2018 (BIWI) has been announced to the public. This index makes possible to compare how influential women are in business affairs in each country, and the Index 2018 brought to light some surprising results concerning Hungary. Let’s see how powerful European women are in companies.

There has been much discussion about women’s empowerment and the fight for equal rights these days, and that is why it is important to examine how successful these attempts have been and how much influence women have today in such sectors as the economy. The Bisnode Index of Women Influence provides an opportunity to see what we have achieved in this domain by comparing the results of European countries.

How does the study work?

The study took into consideration 4 aspects to determine how powerful women are in the business sector. These were the following:

• share in the number of companies
• share in the number of employees
• share in revenues
• and share in net profits.

The ranking made with this method clearly shows that Hungary is in leading position and is far above the European average index. The base BIWI value was 100, and in countries with a better result, women’s influence was greater on the domestic economy, as can be read in the report.

BIWI INDEX EUROPE 2018 /files.dnevnik.si/

Results in more detail

Slovakia became the 1st in the study with an incredible result of 127.6, while Hungary at 2nd place (124.0) and Austria at 3rd place (106.6) were also far above the average index.

What is surprising is that analysing the results in more detail, it turns out that Hungarian women entrepreneurs have the largest shares as far as the number of companies and employees are concerned.

However, while considering the average revenues and the net profit of Hungarian women, the country still rests in the TOP 3. Amazing, isn’t?

BIWI INDEX EUROPE 2018 /files.dnevnik.si/

Regarding the revenues women earn in companies, the position of Hungary is stable, but its result shows a shortfall compared to that of the TOP countries. In this chart analysing the income, the results show a small difference compared to the previous ones as Austria, Poland and Slovakia constitute the TOP 3. However, in all the countries except for Slovenia, women-owned companies still earn less than men-owned companies.

BIWI INDEX EUROPE 2018 /files.dnevnik.si/

The results of the study are promising, and they show that the effort and dedication of millions bear fruit in the long run, but global collaboration should not stop until all inequalities are not erased in society.

If you are interested in the study, click here to read it in English in its full length!

Source: forbes.hu; files.dnevnik.si