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General economical background
Hungary has emerged from a transition period in the 1990s as a robust, fully functioning market economy. ...
Hungary continues to outpace its Central and Eastern European neighbors in terms of
GDP growth with was 5. ... The Hungarian Internet based economy is growing slowly despite of the very good macro economical results of the country and can follow the worldwide eCommerce trends with a certain phase shift.
The inter-company, e-marketplaces are mostly still in the incubation or in the Accenture terminology “think big” phase but according to some optimistic opinion the total annual B2B turnover of Hungary in 2003 can be bigger than of some countries in the EU and by 2004 some analyst predicts several hundreds of USD million.
The real breakthrough is expected in 2-3 years when the majority of the leading Hungarian companies arrive to the stage where the connections between each other are mainly electronic based ones. Currently for most of the top 200 Hungarian companies are still the ERP, MIS and data warehouse implementation and upgrade are the main challenges. ...
The other supporting sources, business angels and venture capitalists are skeptical after the worldwide collapse of B2B marketplaces and waiting for the new waves, for the already “proven” business models from the EU countries and for especially the signs of real commitments from the prospective users in Hungary.
Approximate Word count = 938
Approximate Pages = 3.8
(250 words per page double spaced)
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