History

The Hungarian Economic Research Institute was established in 1928 by István Varga and led by him until August 1949, when the institution was dissolved. The institute won European acclaim with its excellent theoretical and practical research staff and high quality studies. Bela Balassa, the world famous economist was one of the members of this workshop.

In 1968 - as part of the reform of the central planning - the Economic Research Institute was re-established under the supervision of the Central Statistical Office. Its main task was to analyze the state and the short-term prospects of the economy, to help formulate a sound economic policy, the development of the national economy.

After the regime change, in mid 1992 the government dissolved the Economic Research Institute. In October 1992 a number of former staff members of the institute with the help of banks, employer organizations and 154 renowned economists established the GKI Economic Research Company. Later the staff members gradually bought out the company and today close to 90% of the shares are owned by the management and the staff of the GKI Co.

GKI Co. is the market leader in the market of independent macroeconomic analyses and forecasts. It continues and refreshes the best traditions of its predecessor, the Economic Research Institute, it uses the most up-to-date domestic and foreign research achievements and the methods developed in the European Union. It is member of AIECE - Association of European Conjuncture Institutes and of the joint organization of institutions that follow the economic expectations (CIRET - Centre for International Research on Economic Tendency Surveys). Its basic principle is the objectivity; it regularly revises and publicly corrects its forecasts. GKI Economic Research Co. continuously develops and expands its activity. By 2002 it had developed into a group of companies. It is the majority owner of the:

GKIeNET Internet Research and Consulting Ltd.
GKI Health Care Research Institute Ltd.
GKI Energy Research and Consulting Ltd.
GKI Consulting Ltd.

In 2009 sales revenues of GKI Economic Research Co. reached EUR2.3 million, whereas non-consolidated revenues of the whole group was close to EUR3.5 million.

Since 2004 GKI Co. has ISO9001:2000 qualification and in 2010 it was given the Business Supebrands award.