• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Budapest amongst the top 20 most ambitious entrepreneurial cities in the world!Budapest amongst the top 20 most ambitious entrepreneurial cities in the world!Budapest amongst the top 20 most ambitious entrepreneurial cities in the world!Budapest amongst the top 20 most ambitious entrepreneurial cities in the world!
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
DNH 2021 DNH 2021 · 29/05/2021
· Business

Budapest amongst the top 20 most ambitious entrepreneurial cities in the world!

Budapest Hungary investment money population
budapest downtown city center hungary spring

Photo: Helló Magyar

A brand new study by Dojo has revealed which cities in the world are the most ambitious when it comes to starting their own business.

Many of us aspire for success, but does where we live have anything to do with our business ambitions? Card machine provider Dojo has created a worldwide index of the most business ambitious cities, using

5 fundamental factors which contribute to entrepreneurial ambition:

  • Number of new businesses registered
  • Cost of a business start-up as a % of GNI per capita
  • Gross Domestic Product (GDP) per capita
  • Percent of the population with access to education
  • Google search volumes for starting a new business queries

Hungary’s capital, Budapest, is named the 20th most ambitious city in the world, with a population of over 1.7 million and an ambition index score of 282 out of 500.

Over 24,252 new businesses registered in the city over a year proving Budapest is an ideal choice for savvy entrepreneurs.

  • What is Budapest famous for? 7 reasons to go there right now
  • Some of the best places in Budapest to eat at, on a budget

The city also had a 10% increase in Google searches for “how to start a new business” in the city.

London took the crown

as the most ambitious city in the world for those looking to start a business. With over 664,974 new businesses registered in the city and over 4,400 Google searches for “how to start a new business” – it’s no surprise that the UK capital came out top, scoring 481 out of 500 in the index.

With a population of over 9.4 million, the UK capital is a melting pot of cultures, creativity and access to infrastructure – a winning formula for ambitious entrepreneurs.

Sydney came second

with an index score of 402 out of 500. New businesses have been thriving in Sydney, with 235,654 new businesses registered there – proving that ambitions show no sign of slowing in ‘The Emerald City’.

Over the past 12 months, there was also a 52% increase in searches for “how to start a new business” amongst Sydney’s occupants and a 100% increase in those searching for “how to fund a new business”.

South Africa’s port city of Cape Town came third,

scoring 384 out of 500. With a population of 4.7 million, the city is home to many of Africa’s most innovative designers and artists – creativity flourishes amongst the natural beauty of the city.

That, paired with incredibly low costs for those looking to open up a new business could be why 376,727 new businesses opened up in the city in 2018.

Annual competitions in the city such as the FNB Enablis Business Plan initiative also provides over R10 million (£501.3K) to start-ups every year. A lot of support is given to SMEs in the city as they employ around 70%-80% of the working population in Cape Town.

For the full index of business ambitious cities, please visit HERE.


LLCs are one of the most popular business entities in the United States, as they are easy to establish and can be formed in any state. A state like Georgia is booming with opportunities for entrepreneurs. All it takes is following a few simple rules and regulations, and an LLC can be up and running in no time. Click here to learn about LLCs in Georgia and how they are formed.

Source: Press Release

Budapest Hungary investment money population
Share
DNH 2021
DNH 2021

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • PHOTOS, VIDEO: 2 Hungarian among the 11 most endangered monuments and heritage sites in Europe!
  • European Football Association UEFA bans Greater Hungary flags
  • PHOTOS: Hungary’s biggest hotel will open soon in Budapest
  • Government would like to boost Hungarian economy with Kazakhstan, Uzbekistan and other Turkic states
  • Are Transcarpathian Hungarians taken by force to die against the Russians?
  • Hungarian minister made it clear when Hungary could introduce the euro
  • Two new airlines will fly from Budapest!
  • Hungary will age-rate Netflix, HBO MAX and other streaming providers’ contents

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V