Majority of Companies Experienced Financial Difficulties in July
Image by Shutterstock.com
Some 44% of company managers did not find it challenging to meet their company's financial obligations. In comparison, 56% experienced various difficulties and are less optimistic about the next half-year, the Economic and Entrepreneurial Research Institute (GVI) of the Hungarian Chamber of Commerce and Industry announced, according to hrportal.hu.
In July 2022, GVI asked 350 domestic businesses employing at least 20 people about their financial situation, including their ability to fulfill their financial obligations, their financial difficulties, and the level of their reserves.
According to the survey, the most significant economic problem for most businesses in the months leading up to July 2022 was the exchange rate loss, the payment of raw materials, and the payment of energy carriers.
The GVI research showed that company managers judged the level of financial reserves for the first half of 2022 to be more favorable in retrospect than what is likely for the next half of the year.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
