A recent survey reveals a significant number of Hungarian export companies have become unprofitable due to the substantial strengthening of the forint over the past two months. Approximately 20% of exporters report they may not be able to sustain operations for another three months under current conditions. The findings, released prior to a central bank interest rate decision, serve as a warning about the impact of the currency’s appreciation. The strengthening forint—a 10% increase—is eroding the competitiveness of Hungarian exports. Industry associations are expressing serious concerns and effectively issuing a distress signal regarding the situation. This poses a potential risk to the Hungarian economy, dependent on export revenue. The survey highlights the urgent need for measures to mitigate the negative effects on exporting businesses.
