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National reference metadata Information message

Hungary

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Business registration and bankruptcy

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Hungarian Central Statistical Office (HCSO)

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The Quarterly Business Demography data collection covers the following two indicators:

  • Business Registrations (BURE)
  • Business Bankruptcies (BUBA)

The statistics is based on existing administrative data from the Hungarian statistical business register.

21 May 2025

Registrations are defined as the number of entered legal units in the register at any time during the reference quarter, according to the respective administrative or legal procedure. The registration of a business signals primarily an intention to engage in business activity but is not yet an enterprise birth which means the commencement of actual business activities with turnover, investment, employment etc.

Bankruptcies are defined as the number of legal units that have started the procedure of being declared bankrupt, by issuing a court declaration, at any time during the reference quarter. The court declaration may be provisional and does not always mean termination of an activity.

As regards the definitions of variables used in practice of the HCSO the Commission Implementing Regulation 2020/1197 is the standard source.

Legal unit

All businesses are covered in the population; sole proprietors are also included. It is based on national administrative sources.

Territory of Hungary, the whole national area is covered.

Month

The statistics is based only on administrative data that arrives from the single-window system. Thus the data is completely covered.

The unit of measure is “pure number” of business registrations and declarations of bankruptcies

The data compilation is done by counting the business registration and declaration of bankruptcies events in the business register. If a newly registered legal unit enters the business register, the change event is logged, as well as it is logged if a legal unit declares bankruptcy. During compilation these events are counted, aggregated to 2 digits level of NACE Rev. 2, and transmitted to Eurostat.

The data source is the Hungarian statistical business register. Only administrative data is used for compiling the business registrations and bankruptcy declarations indicators.

Monthly for national releases, and as well as monthly for transmissions to Eurostat.

Q+40 days

The whole country is treated in a uniform manner from a statistical point of view. The same statistical concepts can be applied for all of the area. All data sources cover the regions fully. There are no difficulties concerning the geographical comparability.

Quarterly business demography data are available from 2010, the definitions of registrations and declarations of bankruptcies are unchanged, the time series are comparable.