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Hungary

3. Employment & Entrepreneurship

3.10 Promotion of entrepreneurship culture

Last update: 8 April 2025
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  1. Special events and activities
  2. Networks and partnerships

Special events and activities

European Money Week

An initial called European Money Week (Pénz7 in Hungarian) has started between 2015 and 2016, and is running in 23 countries of Europe, and aims to:

'support consumers from an early age who have the financial knowledge and hold their fate in their hands, and help awareness-raising on financial consciousness. [The organisers and the audience] can meet through several channels with the series of events of the European Money Week, such as professional events; special events in schools, and playful competitions.'

The Hungarian Banking Association (Magyar Bankszövetség) is the main organiser of the programme, in cooperation with Money Compass Foundation (Pénziránytű Alapítvány). In 2017, the project owner, the former Ministry of Human Capacities, integrated the programme into the academic school year. As of 2022, other ministries and civil organisations support the implementation of the programme:

In the 2024/2025 academic year, the PÉNZ7 financial and entrepreneurial theme week is held for the 11th time. During this week, students are supported by interactive learning materials and e-learning resources to deepen their knowledge of financial, entrepreneurial, and cybersecurity topics. Financial and entrepreneurial volunteers (leaders, bankers, entrepreneurs) who join the program contribute by providing students with insights into the practical side of these fields through personal life stories, successes, and challenges.

The motto of the entrepreneurial section is 'Think and start a business!'. This encourages students to explore the entrepreneurial career path. Through up-to-date topics and challenges, the aim is to show students – from upper elementary school to the end of high school – the beauty and opportunities of entrepreneurial life, while also teaching them how to manage challenges and difficulties.

The theme week is accompanied by numerous financial and entrepreneurial programmes:

  • the European Money Quiz that aims at improving financial literacy among 13-15-year-old students,
  • the Digital Sniff Challenge (Digitális Szimat Kihívás) which is about Internet fraud,
  • the Stock Race (Részvényfutam) which is a competetion in stock investment topic for 7th-8th-grade students, their teachers and parents,
  • the Money Race (PénzFutam) that aims at providing financial knowledge in the frame of a regular class but outside and through playing,
  • the Big Student Finance Quiz (Nagy Diák Pénzügyes Teszt), that is an online financial quiz game for 14-20-year-olds,
  • the 'Economy' ('€co, no mi?') which is an online financal strategy game.
Start-up Campus

Since 2015, the network of Startup Campus has been an initiative to promote start-ups. The programme targets university students and aims to

'develop and implement innovation programmes for corporations and governmental partners, moreover, we support innovative projects with educational, incubation, investment, sales and foreign market entry services from early phase ventures up to SMEs with great growth potential.'

Networks and partnerships

The Startup Campus programme functions like a network itself. In addition to regular events in five cities in Hungary, the programme was also presented at roadshows in Berlin and London in 2017 to give the selected start-ups the opportunity to present their innovations to an international jury. Recently, they established local centres in these two cities. 

As far as the NGO sector is concerned, National Association of Young Entrepreneurs (Fiatal Vállalkozók Országos Szövetsége), focuses on young entrepreneurs, as stated that it:

'works together with several Hungarian, European and global organizations to move forward with the situation and conditions of young entrepreneurs, and organizes nearly 200 events per year all over Hungary.'