It was the 27th occasion in April 2011 when the Institute for Economic and Enterprise Research (HCCI IEER) carried out its business climate survey. This is being realized in April and October each year by contacting more than 14.000 companies in cooperation with the regional Chambers. In Hungary this is considered to be the most extensive business climate survey involving the highest number of companies. It is also a part of the European business climate survey fulfilled by Eurochambers covering 14 million ventures. From among the companies contacted 1803 CEOs have filled out our questionnaires – our research results are based on their responses.

According to our April 2011 database the amelioration of business climate has been further continuing on since October 2009. The IEER Business Climate Index /BCI/ showed an improvement in comparison with the past six months: from the October +10,4 value a change to +16,8 points could be observed. The value of the IEER Uncertainty Index has not changed compared to the outcome of our October research: it is still rather high being at the level of 45,5 points. Consequently as per our results the improvement of business climate has been steadily developing in the Hungarian enterprise sector although the uncertainty factor related to the expectations and to the judgement of business situation can still be considered as significant. On long-term bases – in view of the April data of the previous years – this year’s outcome indicates improvement as well. However, the fact that the level of our business climate index recently reached is still inferior to that of the period 1998 – 2002 is to be taken into account. Within the Hungarian economy the recovery process from the crisis is still on but is rather slow in respect of the economic events of the last three years.