Businesses in Hungary have the 3rd best chance of surviving the first year across countries in the European Union (EU) according to new research, with a 95.10% survival rate!
As part of their Global Business Report, Utility Bidder has analysed 1st-year business survival rates across the EU, revealing that 82.5% of businesses survive the first 12 months on average across the continent.  You can view the research HERE. Top 10 EU countries with the highest one-year business survival:
|
Rank |
Country |
1-year Survival Rate |
|
1 |
Sweden |
97.1% |
|
2 |
Netherlands |
95.7% |
|
3 |
Hungary |
95.1% |
|
4 |
Belgium |
93.8% |
|
5 |
Greece |
92.7% |
|
6 |
Luxembourg |
86.7% |
|
7 |
Austria |
85.7% |
|
8 |
Slovakia |
84.5% |
|
9 |
Poland |
84.2% |
|
10 |
Slovenia |
84.1% |
The research has also revealed:
-
After analysing the survival rates of EU businesses, Lithuania has the lowest first-year survival rates at 64.2%.
-
The Netherlands has been revealed as the best country in the world to start a new business, with a business score of 8.49 out of 10. The region scored highly on aspects such as employment, education, and 1-year survival.
-
Icelandic people are the most employable, with an employment rate of 83% – more than any other OECD country.
-
Luxembourg has the highest average salary (£61,695), followed by Ireland (£61,657), Norway (£53,919), Switzerland (£51, 981), and the United States (£50,622).
You can review the research by clicking HERE.
Read also:
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- No utility fee in a small village in Hungary – HERE is how
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