It will be easier for domestic companies to refer to the UK

By: Trademagazin Date: 2022. 06. 29. 09:45

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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.