The Impact of the Energy Crisis on the Hungarian Forint
Hungary is grappling with an energy crisis following Ukraine’s decision to cut off oil deliveries from Russia’s Lukoil, disrupting the country’s oil supply. This disruption, resulting from Ukraine’s sanctions against Lukoil, has profound implications for Hungary’s economy and the Hungarian Forint (HUF). Background: The Crisis Unfolds On the geopolitical stage, Ukraine’s move to halt oil […]
Manufacturing Arms: Impact on Global Markets
The global small arms market significantly influences the defense sector. It is spearheaded by arms manufacturers, influencing worldwide markets. Valued at $8.53 billion in 2021, this market is anticipated to grow to $11.16 billion by 2029. The COVID-19 pandemic, however, caused a downturn in demand. Despite the pandemic’s impact, the market is poised for recovery. […]
