It will be easier for domestic companies to refer to the UK
After Brexit, Hungarian companies also found it more difficult to trade with the United Kingdom, not only logistically but also financially. However, despite leaving the EU, economic relations between the two countries have intensified significantly, as has the volume of financial transfers. By 2021, exports by domestic firms would have risen to £ 3.61 billion and imports from the island nation would have risen to £ 1.52 billion. Hungarian companies participating in the booming foreign trade can manage their finances related to the United Kingdom even more easily, as the announcement of the acquisition of the increasingly popular iBanFirst service provider iBanFirst in Hungary makes it easier and simpler for them to transfer foreign currency.
Related news
Revolut 2025: The fintech giant takes things to new heights
One of the most prominent players in the fintech world,…
Read more >
Is Brexit still a challenge for logistics?
The impact of Brexit on trade between the United Kingdom…
Read more >
Generation Z starts investing and saving already in their teens
Generation Z begins to invest earlier and to a greater…
Read more >
More related news >
Related news
What can a business leader learn at the end of the world?
An interview with Kornél Müller, managing director of Törley Sparkling…
Read more >
