Handling Trading Losses Like a Pro – Must Read Guide
Trading losses can feel like a punch to the gut, but every pro trader knows they are inevitable. The key lies in how you handle them. By mastering the art of dealing with losses, you not only protect your capital but also pave the way for future success. Ready to turn your setbacks into stepping stones? Let’s dive in. In investing, returns and losses are a part of the process, learn how to deal with them! Go https://bitcoins-union.com/ where you can learn in depth about everything related to investing and that too from professional educational firms .
Conducting Post-Trade Analysis
Post-trade analysis is essential for improving your trading skills. It involves reviewing your trades after they are completed to understand what worked and what didn’t. Start by documenting each trade in a journal. Note down the reasons for entering the trade, the exit strategy, and the outcome. This habit can help you see your trading behavior more clearly.
For example, you might notice that you often exit trades too early out of fear, missing out on potential profits. Reviewing your trades can highlight these patterns and help you develop better strategies. It’s like a football team watching game tapes to improve their performance.
Use simple metrics like entry and exit points, trade duration, and profit or loss to evaluate each trade. Did you follow your plan? If not, why? This process isn’t just about finding what went wrong but also recognizing what went right. Both are equally important for growth.
Additionally, compare your trades with market conditions at the time. Did external factors, like economic news, affect your trades? This comparison can help you understand the market’s impact on your trading and adjust your strategies accordingly.
Asking questions during your review is crucial. What was my emotional state? Was I influenced by any biases? Did I stick to my risk management plan? These reflections can provide deep insights into your trading psychology.
Advice for deeper analysis includes using software tools that can automate part of the review process. Tools like trading journals or platforms that track your trades can save time and provide detailed analytics.
Identifying Patterns and Mistakes
Identifying patterns and mistakes in trading is key to improving your performance. Patterns can reveal your strengths and weaknesses. For instance, you might discover that you excel in volatile markets but struggle when the market is calm. Recognizing these tendencies allows you to tailor your strategies accordingly.
Start by reviewing your trading journal regularly. Look for recurring issues. Do you often jump into trades impulsively? Or maybe you hold onto losing positions for too long, hoping they will recover. These are common mistakes that many traders make.
Consider an example: a trader consistently loses money on Fridays. By identifying this pattern, the trader can investigate why. Maybe market conditions on Fridays don’t suit their trading style, or perhaps they’re mentally fatigued by the end of the week. Understanding the reason behind the pattern can lead to better decision-making.
Ask yourself questions like, “Do I frequently trade against the trend?” or “Am I often swayed by market hype?” Honest answers can highlight areas for improvement. It’s also helpful to compare your trades with market movements. Did you ignore any major trends or signals? This can show if you’re missing critical information.
Use tools like charts and graphs to visualize your trades. Seeing your trades plotted out can make patterns more obvious. For example, a string of losses might coincide with a particular market condition that you’re not handling well.
Avoid technical jargon and focus on clear, simple language when analyzing your trades. This approach makes it easier to understand your mistakes and learn from them.
Turning Losses into Learning Opportunities
Every trader faces losses, but how you handle them can define your success. Turning losses into learning opportunities is a vital skill. It starts with a mindset shift. View each loss as a lesson rather than a failure. This perspective can reduce the emotional impact and help you stay focused.
Begin by analyzing your losses thoroughly. What went wrong? Was it a market factor or a mistake on your part? For example, if a trade went south because of an unexpected economic announcement, learn to monitor such events more closely. If it was due to a poor entry point, refine your timing strategy.
Ask questions like, “What can I do differently next time?” or “How can I improve my decision-making process?” These questions encourage critical thinking and continuous improvement. Real-world examples are beneficial. Think of famous traders who bounced back from losses by learning from their mistakes. Their stories can be both inspiring and instructive.
Developing a resilient mindset is crucial. Losses can be discouraging, but resilience helps you recover and move forward. Practice stress management techniques like mindfulness or exercise to keep your emotions in check.
Seek advice from experienced traders or financial advisors. They can offer insights and strategies that you might not have considered. Joining trading communities can also provide support and shared learning experiences.
Incorporate regular reviews into your routine. After each trading session, take time to reflect on what happened and why. This habit can help you catch mistakes early and adjust your strategies accordingly.
Conclusion
Trading losses aren’t the end; they’re a stepping stone to success. By learning from your mistakes and continuously improving, you can transform setbacks into powerful lessons. Stay resilient, keep analyzing, and always seek expert advice. With the right approach, you’ll not only survive but thrive in the trading world. Ready to trade like a pro? Start now.
Keys to Achieving Success in Swing Trading
Swing trading can unlock the door to financial success, offering traders the chance to capitalize on short- to medium-term market moves. This strategy, blending technical and fundamental analysis, allows for flexibility and potential high returns. Ready to dive into the world of swing trading? Let’s explore the key techniques and strategies that can boost your trading game. Discover key swing trading strategies through bitcoin-apex.org/, an investment education firm connecting traders to experts.
Market Analysis Techniques: Mastering the Basics
Market analysis is key to swing trading success. It involves evaluating financial data and trends to make informed decisions. The two main types of analysis are technical and fundamental.
Technical Analysis: This technique focuses on historical price data and trading volumes. Traders use charts and indicators to identify patterns and trends. For example, moving averages can help predict future price movements. Tools like the Relative Strength Index (RSI) and Bollinger Bands offer insights into market momentum and volatility. By recognizing these patterns, traders can better time their entry and exit points.
Fundamental Analysis: This method looks at a company’s financial health and market position. Key factors include earnings reports, revenue, and growth prospects. For instance, a company with strong earnings and a solid market share may be a good candidate for swing trading. Economic indicators like GDP growth and interest rates also play a role. Understanding these fundamentals helps traders assess the intrinsic value of a stock and predict its future performance.
Combining both analyses provides a well-rounded view. While technical analysis offers short-term insights, fundamental analysis gives a longer-term perspective. This dual approach helps traders make more informed decisions, increasing their chances of success.
Choosing the Right Stocks: Criteria and Strategies
Selecting the right stocks is crucial for swing trading. It involves a mix of analysis and strategy to find stocks with the potential for significant price movements.
Liquidity: Liquidity refers to how easily a stock can be bought or sold without affecting its price. Highly liquid stocks are preferable for swing trading because they allow for quick transactions. Stocks listed on major exchanges like the NYSE or NASDAQ tend to be more liquid.
Volatility: Volatility measures the price fluctuations of a stock. Higher volatility often means more trading opportunities. However, it also comes with increased risk. Tools like the Average True Range (ATR) can help traders gauge volatility levels.
Trend Analysis: Identifying stocks that are trending upward or downward is essential. Tools like moving averages and trend lines can help spot these trends. For instance, a stock consistently closing above its 50-day moving average may indicate an upward trend.
Sector Analysis: Different sectors perform differently under varying economic conditions. For example, tech stocks might perform well during economic growth, while utilities may be more stable during downturns. Understanding sector performance can help traders choose the best stocks.
Developing a Robust Trading Plan
A solid trading plan is the backbone of successful swing trading. It provides a clear roadmap and helps traders stay disciplined.
Setting Goals: Start by setting realistic, measurable goals. These could be monthly profit targets or specific performance metrics. Having clear goals keeps you focused and motivated.
Risk Management: Define how much risk you’re willing to take. This involves setting stop-loss orders to limit potential losses. A common rule is to risk no more than 1-2% of your trading capital on a single trade.
Entry and Exit Rules: Establish criteria for entering and exiting trades. This could be based on technical indicators like moving averages or chart patterns. For example, you might decide to buy when a stock breaks above its 50-day moving average and sell when it falls below.
Position Sizing: Determine how much of your capital to allocate to each trade. This should be based on your risk tolerance and the specific trade setup. Proper position sizing helps manage risk and maximize returns..
Creating a Detailed Trading Strategy
A detailed trading strategy is essential for swing trading success. It outlines specific rules and guidelines for entering and exiting trades, managing risk, and analyzing the market.
Market Conditions: Identify the market conditions that align with your strategy. This could be trending markets, ranging markets, or specific economic conditions. Knowing when to trade is as important as knowing what to trade.
Technical Indicators: Choose the technical indicators that best suit your strategy. Common indicators for swing trading include moving averages, RSI, and MACD. These tools help identify entry and exit points. For instance, you might enter a trade when the RSI indicates an oversold condition and exit when it signals overbought.
Risk Management: Define your risk management rules. This includes setting stop-loss and take-profit levels. For example, you might set a stop-loss at 2% below your entry price and a take-profit at 4% above. This ensures you have a favorable risk-to-reward ratio.
Position Sizing: Decide how much of your capital to allocate to each trade. This should be based on your overall risk tolerance and the specific trade setup. Proper position sizing helps prevent significant losses.
Trade Execution: Outline the steps for executing trades. This includes pre-trade analysis, order placement, and post-trade review. Having a clear process helps avoid emotional decision-making and improves consistency.
Conclusion
Mastering swing trading requires dedication, analysis, and a robust strategy. By understanding market dynamics, choosing the right stocks, and developing a solid trading plan, you can navigate the markets with confidence. Remember, success in swing trading is about staying informed, disciplined, and adaptable. Ready to transform your trading journey? Start today with these proven keys to success.
Minister Nagy: Japan is an important partner of Hungary
Agriculture Minister István Nagy on Wednesday met Ryosuke Ogawa, the deputy minister for international relations of the Japanese agricultural ministry, to discuss the priorities of Hungary’s European Union presidency and issues regarding food waste and animal health.
According to a ministry statement, Nagy said at the meeting held in Budapest that Hungary will preside over a transitional period after the European parliamentary elections, which will enable ministers of the 27 member states to make proposals to the European Commission directly.
Hungary aims to simplify regulations and “turn the Common Agricultural Policy’s focus to farmers”, Nagy said. The main topics would be competitiveness, crisis-resistance, sustainability, a farmer-centered policy and integrating scientific results into agriculture, he said.
Nagy: Japan an important trading partner
Hungary will also work to reduce the food waste produced in retail by half by 2030, drawing on the country’s measures that had led to Hungary reducing food waste by 27 percent in the past 6 years, he said.
Hungary will also hold a conference on food waste reduction in the autumn, to which Nagy invited the Japanese delegation.
In an attempt to promote sustainable fishing, Nagy said Hungary “will work on setting up a model based on scientific results and a consensus between member states.”
Speaking about trade relations with Japan, Nagy said the country was an important trading partner of premium products, especially those under protected geographical indication.
He thanked Ogawa for Japan’s decision to agree on a regional approach to Hungarian pork exports. Hungary is the first country hit by African swine flu from which Japan allows imports from unaffected regions, he said.
“We would like to expand mutually beneficial cooperation. Hungarian food safety regulations and experts provide a good baseline for stronger relations in that field, too,” he added.
Read also:
TheMellonFX: reviews of the leading trading operator
Sponsored content
More and more enterprising people worldwide are trying to profit from their home computers or gadgets. Trading in liquid resources is one of the most profitable areas of business. However, to start trading, you must find a promising broker. Such a trading intermediary should work legally and also have a high rating. If you are looking for a reliable broker, TheMellonFX is at your service. Both beginners and experienced traders can try their hand here.
The company has a solid reputation. It has never been the subject of any proceedings related to fraud or scam. Its activity is quite transparent, confirmed by numerous reviews of satisfied clients. TheMellonFX platform provides all conditions for comfortable work. Those who have not conducted trading operations before can achieve high results here.
Reviews about TheMellonFX will tell you more about the broker
To get verified information about any platform, you should read online reviews. You can read the information about this broker published by its real clients on Linkedin, Medium, and Github services, which are popular among traders and on social network pages. Most of the responses contain positive information about the platform. The participants significantly often note:
- a wide range of transaction methods;
- no commissions for trading operations;
- possibility to use useful signals;
- optimal minimum deposit of 250 dollars;
- more than 200 assets available for trading;
- availability of a free test version;
- flexible, variable spread;
- opportunity to learn without investing funds;
- round-the-clock technical support of the service.
The advantages mentioned above are significant for both new users and those who have been trading on TheMellonFX platform for a long time. It is not difficult for clients of this service to find support and the latest, verified information. The reliable operators use the most proven methods, thanks to which cooperation benefits beginners.
Trader statuses in TheMellonFX
Immediately after registration, trading participants can choose the most suitable status for themselves based on the size of the starting fee:
- bronze – 10 000 dollars;
- silver – 25 000 dollars;
- gold – 50 000 dollars;
- premium – 100 000 dollars;
- platinum – 250 000 dollars;
- VIP – 500 000 dollars;
- VIP+ – 1 million dollars.
A business player’s high position allows him to take advantage of TheMellonFX’s valuable bonus offers. To improve his knowledge level, a trading participant can contact a broker specialist for individual support. Participant reviews discuss a wide selection of opportunities to increase the profitability of trading on this platform.
Available payment services
When an account is created on the site, TheMellonFX will ask you to make a deposit. You can do this using today’s most common VISA and Mastercard services. You can also use a cryptocurrency wallet. The withdrawal of funds is carried out using the same method as a deposit. Clients are offered a sufficient choice of currencies for storing money and trading operations. A considerable advantage of cooperation with TheMellonFX is the absence of commissions for traders for financial transactions. The company’s website is characterized by convenient navigation. In addition, it has all the necessary materials that traders can use to make profitable transactions
Company’s funds and tools
TheMellonFX team offers the community of active traders the best software complex that includes all modern functions and features. Specialists provide constant support for the system. Users have helpful options, and a simple, user-friendly interface. Broker TheMellonFX has taken care of a favorable climate for its clients. Thus, operations can be made for a minimum of 0.1 lot, while the maximum leverage is 1:1000.
According to numerous user reviews, the platform is convenient to work with not only on a computer but also with any mobile device. The main condition for productive trading is a stable Internet connection. Thus, this platform’s modern technical support helps its users earn more income from trading assets.
The test version will help you develop your trading tactics
When a user profile is created on TheMellonFX website, you can download a test version of the program so you don’t have to invest your money. This way, any new user can learn the trading basics without risking losing his investment.
The opportunity to learn is not a bad motivation for participants to make real deals. In addition, they can quickly acquire new knowledge and try it out in practice. The demo version gives newcomers additional confidence and allows them to try out fresh, effective strategies. Today, thanks to TheMellonFX broker’s attention to clients, it is gaining more and more demand and popularity. The European financial company is trusted by thousands of new traders who want to start trading.
The broker is characterized by responsible, honest work. All information belonging to its users is reliably protected. It allows them to calmly engage in trading operations without fear of losing personal funds due to fraudulent actions or technical failure. The operator’s policy is the most convenient and suitable for registered traders with any experience. The reviews about this broker repeatedly say that it is possible to achieve the desired results on its website quickly.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
Fierce battle: Chinese airlines and the Hungarian state compete for Budapest Airport
Budapest Airport has a unique growth potential in Europe, which is why the Hungarian state wants to buy it as soon as possible. However, it is not only the government that wants to get it: the cargo divisions of all three major Chinese airlines, Air China, China Southern Airlines, and China Eastern Airlines, are interested in “taking over” the airport.
Major Chinese airlines are interested in Budapest Airport
Liszt Ferenc International Airport registered 1,392,489 passengers and 23,546 tonnes of cargo last month.
According to AIRportal.hu, the airport recorded 10,112 take-offs and landings in April, up 15.3% on the fourth month of 2023 and 1% on 2019. They added that 36,153 aircraft movements have been recorded at Budapest Airport this year, up 17.8 percent on the same period last year.
Cargo Director József Kossuth told AIRportal.hu that last year, 81 million parcels arrived by air in Budapest.
Kossuth pointed out that there are currently around 60 cargo flights per week to Budapest, but this includes the movements of integrator companies (DHL, Fed Ex, UPS), scheduled and charter carriers. He said that these are high-capacity and well-loaded. “For example, a Boeing-777 cargo plane can have up to 102 tonnes coming in and out of the airport.”
According to Kossuth, all three major Chinese airlines (Air China, China Southern Airlines and China Eastern Airlines) have cargo divisions interested in launching dedicated cargo flights to Budapest, and are working with all major Chinese airports to build direct connections and relationships.
Will the Hungarian government buy the airport?
According to Világgazdaság, the buy-back is factual, but it is uncertain when the agreement will be officially announced. The last time the transaction was discussed was at the Cabinet Briefing on 25 April, when the government said that it was a matter of weeks.
Minister of the PM’s Office Gergely Gulyás was also asked about the costs the government expects to face after the sale. “We are talking about developments worth hundreds of billions of forints. Some of them can be done on a market basis, which is especially true for the railways,” the minister said.
At the same time, as we reported earlier today, major developments are starting at Budapest Airport. Among other things, a parking garage will be built at Terminal 2, and new aircraft stands and boarding gates will be constructed. There will be several improvements at Terminal 2A, while the iconic Terminal 1, a listed building, will also be renewed.
Read also:
Adoption Trends and Success Stories
Sponsored content
In the fast-evolving realm of cryptocurrency, Bitcoin stands as a flagship entity, attracting attention from all corners of the globe. This groundbreaking digital currency has undergone significant transformations, influencing financial transactions and investment strategies worldwide. With the burgeoning concept of “immediate 1.1 alora” shaping the cryptocurrency market, Bitcoin’s global adoption is a dynamic phenomenon worth exploring. The term “immediate 1.1 alora” particularly refers to the rapid and immediate integration of digital technologies into financial systems, which Bitcoin exemplifies through its decentralized, peer-to-peer approach. By embracing “immediate 1.1 alora,” various nations have accelerated their journey towards digital finance, showcasing unique adoption trends and success stories that provide a comprehensive overview of Bitcoin’s global footprint.
Understanding Bitcoin’s Role in “immediate 1.1 alora”
The Concept of immediate 1.1 alora in Financial Technology
“immediate 1.1 alora” encapsulates the swift pace at which technology is integrated into financial systems, drastically altering traditional banking and investment practices. Bitcoin, as a pioneer in blockchain technology, epitomizes “immediate 1.1 alora” by offering an alternative to conventional financial infrastructures. This part of the discussion will delve into how Bitcoin is facilitating the shift towards more agile, transparent, and inclusive financial systems across the world.
Bitcoin’s Technological Impact
Bitcoin’s blockchain technology provides a secure, transparent ledger system, which has encouraged widespread adoption. This technology underpins the “immediate 1.1 alora” by ensuring faster transactions, reduced costs, and enhanced security, which are pivotal in emerging and developed markets alike.
Global Adoption Trends of Bitcoin
Adoption in Developed Countries
In developed nations, Bitcoin has seen extensive adoption not only among individual investors but also within corporate strategies. Companies are increasingly integrating Bitcoin into their payment systems and investment portfolios, recognizing its potential as a hedge against inflation and currency devaluation. This section will explore specific examples from countries like the USA, Japan, and Switzerland, where Bitcoin adoption is notably advanced.
Surge in Developing Nations
The narrative in developing countries is distinctly impactful. Nations such as Nigeria, India, and Venezuela have turned to Bitcoin amidst economic uncertainties and inflation. Here, Bitcoin is not just an investment but a necessity, facilitating transactions and preserving value in the absence of stable financial systems. This segment will examine how “immediate 1.1 alora” through Bitcoin is revolutionizing financial access in these regions.
Success Stories Across Continents
Asia: Pioneering Digital Currency
In Asia, countries like South Korea and Japan are at the forefront of Bitcoin adoption. Regulatory frameworks and tech-savvy populations have fostered a favorable environment for Bitcoin’s growth. Case studies from these countries will highlight the innovations and regulatory advancements driving adoption.
Europe’s Progressive Stance
Europe presents a mosaic of Bitcoin adoption, with countries like Estonia and Germany leading the way in regulatory acceptance and integration into financial services. This section will provide insights into how European policies are shaping a safe and thriving environment for Bitcoin. Additionally, the rise of cryptocurrency exchanges and fintech startups across the continent further underscores Europe’s commitment to fostering innovation in the digital currency space, making it a global leader in crypto-friendly regulations.
The Americas: A Spectrum of Adoption
From the U.S. with its institutional embracement to El Salvador adopting Bitcoin as legal tender, the Americas offer a broad spectrum of adoption scenarios. Analyzing these diverse approaches provides a deeper understanding of Bitcoin’s versatile applications in differing economic and regulatory landscapes. Countries like Canada and Brazil also contribute to this diversity, with Canada’s progressive crypto policies and Brazil’s growing retail and institutional investments in Bitcoin enhancing the continent’s cryptocurrency landscape.
Barriers to Adoption and Future Outlook
Challenges Faced
Despite the success stories, there are significant hurdles in Bitcoin adoption, including regulatory resistance, volatility concerns, and technological complexities. This part will discuss these challenges in detail and explore how different regions are addressing them. Efforts to enhance user education and improve technological infrastructure are also vital in overcoming these barriers, as they are essential for broader acceptance and integration of Bitcoin into mainstream financial systems.
The Future Trajectory of Bitcoin
Looking ahead, the future of Bitcoin seems intertwined with the evolution of “immediate 1.1 alora.” Predictions and expert opinions will be explored to gauge where Bitcoin might be headed in the next decade, considering technological advancements and potential regulatory changes. This exploration will include potential innovations in blockchain technology, like the development of more energy-efficient consensus algorithms and the broader application of smart contracts that could significantly influence Bitcoin’s utility and adoption.
Conclusion
The global perspective on Bitcoin is one of dynamic change and diverse adoption. As “immediate 1.1 alora” continues to reshape our financial landscapes, Bitcoin remains at the forefront of this transformation, offering a glimpse into the future of digital currency. From empowering economies in developing nations to reshaping financial policies in developed ones, Bitcoin’s journey is a compelling saga of modern finance. This exploration not only highlights the current state of Bitcoin globally but also sets the stage for its exciting, unpredictable future.
This comprehensive analysis encapsulates Bitcoin’s role and its profound impact under the paradigm of “immediate 1.1 alora,” illustrating a vivid landscape of global adoption and success, while also considering the challenges that lie ahead.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
Hungarian-Uzbek business forum: 29 business leaders arrived in Tashkent as part of the Hungarian delegation
With there being no unresolved issues between Hungary and Uzbekistan, all the conditions are in place for advancing bilateral economic relations, Péter Szijjártó, the minister of foreign affairs and trade, said in Tashkent on Tuesday, highlighting the commitment of the governments of both countries towards that goal.
According to a ministry statement, the strategic partnership between the two countries is based on mutual respect, and business players should take advantage of the fact that there are no unresolved political issues, either, Szijjártó told a Hungarian-Uzbek business forum.
The minister said he was accompanied on his visit by 29 business executives representing sectors in which Hungarian companies are world leaders, such as agriculture, the food industry, energy, construction, and the chemicals and pharmaceutical industries.
Szijjártó hoped the 173 meetings between Hungarian and Uzbek businesspeople would yield significant results and benefit both countries. He said last year’s record bilateral trade turnover of 100 million euros was a solid foundation for this, adding that turnover has increased by 86 percent since 2010.
The minister said
“flagship projects” like OTP Bank’s presence in Uzbekistan and planned investments by pharmaceutical and food industry companies were of “great help” in developing economic ties.
Underlining the importance of the infrastructural and financial background, Szijjártó said Tashkent has pledged to set up a 50-hectare special investment zone for Hungarian companies, and Hungary is prepared to increase the size of the central Asian investment fund from 50 million to 150 million dollars.
Szijjártó also said a direct flight between Budapest and Tashkent, set to be relaunched on June 30, could also give new impetus to bilateral relations. He noted that Hungary offers 170 scholarships yearly to Uzbek students looking to study at Hungarian universities. He welcomed that bilateral cooperation could, in the future, also expand to nuclear energy.
We wrote about the first part of the day here: Uzbekistan Hungary concludes important new agreements and resumes direct flights, details HERE
read also:
- Tashkent International Investment Forum 2024: record number of participants, $26.6 billion worth of contracts signed
Tashkent International Investment Forum 2024: record number of participants, $26.6 billion worth of contracts signed
The Tashkent International Investment Forum (TIIF), initiated by Uzbek President Shavkat Mirziyoyev, was held for the third time in the capital’s conference centre on 2 and 3 May.
Tashkent International Investment Forum 2024
The event was dedicated to presenting opportunities in the country to foreign investors, expanding business contacts, and planning the implementation of new projects.
This year, the TIIF attracted a record number of participants: 2,500 delegates from 93 countries around the world. More than 40 events, sessions, roundtables, and presentations allowed participants to explore investment opportunities in Uzbekistan and the region.
The forum attracted the attention of international media and was covered by more than 110 foreign publications from 30 countries, including leading outlets such as CNN, Euronews, The London Post, and the Associated Press, as well as the editorial staff of Daily News Hungary and Helló Magyar.
The Forum has become a key platform for countries and companies interested in Central Asia, attracting 120 high-level government and corporate executives and representatives of influential international organisations such as the UN, EBRD, OPEC, and SCO. The Forum provided a unique opportunity to develop business contacts in promising sectors such as digital transformation, transport and logistics route development, infrastructure, and the green economy.
Opening speech by President Mirziyoyev
Well-known American reporter Richard Quest hosted the opening event on 2 May.
In his opening speech, President Mirziyoyev said that irreversible reforms in Uzbekistan and mutually beneficial cooperation had made the TIIF a highly attended conference. He stressed that decisive steps had been taken to fundamentally improve the investment and business environment, step by step, to remove obstacles. He added that comprehensive reforms have been implemented to ensure all entrepreneurs feel free and confident in Uzbekistan.
The Uzbek economy is going from strength to strength, and the numbers prove it:
“Our economy has almost doubled in recent years. Last year alone, the growth rate reached 6 percent, while inflation remained below 9 percent. Trade is growing steadily.”
He said Uzbekistan has seen significant growth in the energy, chemicals, construction, metallurgy, automotive and electrical engineering, and construction sectors. More than 300 investment and industrial projects have been launched with international investors, and hundreds of thousands of new jobs have been created.
President Mirziyoyev also said that a significant step had been taken in privatisation, with the parliament’s adoption of the law on privatisation. He also stressed that a new program had been adopted, including the sale of state shares in 250 large companies, the privatisation of 1,000 properties, and the listing of shares in 12 companies on the stock exchange.
President Mirziyoyev summarised the strategic directions in five points, and these are the areas where investors are welcome:
- “Green” energy – Expanding the energy sector is key to the prosperity of the entire region
- Banking sector – In recent years, a number of private banks have been established in Uzbekistan. Leading European banks have entered the Uzbek market (OTP acquired one of the largest Uzbek banks).
- Critical minerals – Uzbekistan is rich in minerals and critical raw materials: it has large reserves of gold, copper, tungsten, silver and uranium. Particular attention is paid to reserves of rare earth metals, including lithium, magnesium, molybdenum, germanium, vanadium and indium. Strategic cooperation has recently been established with the EU on critical minerals, but the US and the UK are also actively working to develop a framework for joint work.
- The country’s digital transformation – exports of IT services and software products have doubled in a year.
- Transport infrastructure development: Major reforms in the rail sector have opened up a wide range of opportunities for private investors. Joint projects are being developed to build toll roads and high-speed railways. The Uzbek government has started preparations with foreign partners to construct the China-Kyrgyzstan-Uzbekistan and Uzbekistan-Afghanistan-Pakistan railways. The President said these strategic projects will fundamentally change the geo-economy of the region and will transform Central Asia into a global transit hub linking North and South, East and West.
Much effort will also be invested in upgrading the existing Tashkent, Bukhara, and Urgench international airports, and qualified foreign investors will participate in building new ones.
President Mirziyoyev concluded that New Uzbekistan is a rapidly developing, just, and secular country with enormous potential. He stressed that investment is the engine of transformation and the most vital driver of economic development in the country and thanked all government and corporate partners for their cooperation.
Other key events in TIIF
More than 40 events took place during the Tashkent International Investment Forum, including 31 interactive roundtable discussions, 7 exhibition sessions (pitch sessions to present projects to investors), 4 briefings, B2B meetings, and 3 intergovernmental committee meetings with Kyrgyzstan, the United Arab Emirates, and Azerbaijan. In addition, a presentation of regional energy projects, including the construction of Kambarota HPP-1 and Yovan HPP, was held with the participation of the Prime Ministers of the Republic of Uzbekistan and the Kyrgyz Republic to foreign investors.
The TIIF also hosted the second plenary meeting of the Foreign Investors Council under the President of the Republic of Uzbekistan.
The organisers offered a varied program, allowing speakers to exchange views on topics such as fintech in Uzbekistan, the attractiveness of the Central Asian region for foreign investors, water management, IT-PARK Uzbekistan, and the role of anti-corruption policies in attracting foreign investors.
The conference also featured a Hungarian participant, Mihály Varga, Minister of Finance, who took part in a panel discussion on “Coping with global economic change: strategies for resilience and growth” and said that Hungary is one of the most open economies in the world today, with an outstanding export performance for its size, a high investment rate, and a competitive tax system. Read more details here: Hungarian finance minister: Hungary among world’s most open economies.
Record contract signing
By the end of the Forum, a total of USD 26.6 billion worth of investment and export contracts had been signed. By comparison, in 2023, the Tashkent International Investment Forum facilitated the signing of 167 documents worth USD 11 billion.
Our photos:
You can read our coverage of the Forum in Hungarian: Helló Magyar
MIHAS 2024: Driving Innovation Through the Halal Sector
Sponsored content
Malaysia’s commitment to innovation and sustainability in the Halal industry will be strongly reflected in this year’s edition of the Malaysia International Halal Showcase (MIHAS 2024). MIHAS 2024, themed “Globalising Halal Innovations”, will be positioned as the leading platform for global Halal companies to showcase their most innovative Halal products, services and technologies through 14 curated clusters.
MIHAS 2024, which is hosted by the Ministry of Investment, Trade and Industry (MITI) and organised by the Malaysia External Trade Development Corporation (MATRADE), will run from 17 to 20 September 2024 at the Malaysia International Trade & Exhibition Centre (MITEC), Kuala Lumpur, Malaysia.
This year’s edition of MIHAS, which pushes for greater innovation within the global Halal ecosystem, will not only solidify Malaysia’s position as the global hub for Halal industry, but is also in line with the objectives of the country’s New Industrial Master Plan 2030 (NIMP 2030) and the Halal Industrial Master Plan 2030 (HIMP 2030).
The elements of innovation and sustainability will be showcased in the products and services promoted during MIHAS 2024. MIHAS is not about Halal only. It aims to facilitate the sourcing and selling of quality products and services globally. These product segments include pharmaceuticals, Islamic finance, fintech, lifestyle, modest fashion, food ingredients and related services. The overall emphasis will be on the value added component and the value chain integrity offered by the Halal ecosystem. Halal certification instils trust among global consumers and is often in line with Environmental, Social and Governance (ESG) expectations. Malaysia exported US$ 5.5 billion of Halal ingredients in 2022 . According to a report by The Business Research Company in 2023 titled ‘Global Food Ingredients Market: Regional Comparisons’, the global Halal ingredients market is currently valued at more than US$60 billion.
MIHAS has contiuously attracted numerous buyers, distributors, and investors worldwide. Serving as a comprehensive hub, it offers businesses a platform to showcase the latest trends and technologies in the Halal industry, facilitating market expansion opportunities. By providing insights into market developments and consumer preferences, MIHAS is proven to be an enabler for businesses to stay abreast of industry advancements and maintain competitiveness in the global Halal market.
With a focus on fostering collaborations and facilitating access to global supply chains, MATRADE will continue to drive growth and sustainability in the Halal market. The International Sourcing Programme (INSP) held in conjunction with MIHAS generated US$ 300 million in sales last year, and will continue to facilitate one-on-one business meetings between foreign buyers and Malaysian exporters. This initiative underscores the importance of a resilient supply chain and innovation in meeting the evolving demands of the global Halal market.
In addition, the MIHAS Knowledge Hub returns, offering a series of conferences, forums, and seminars which focuses on providing insights into trends, market access and sourcing requirements with leading keynote speakers, industry experts, and thought leaders. The MIHAS Knowledge Hub consists of four components, with three focusing on market access and one on innovation. This initiative aims to provide an invaluable platform for the global Halal business community to exchange experiences and insights relevant to the industry.
MATRADE’s collaboration with industry partners ensures the ongoing relevance and success of MIHAS. These initiatives highlight MIHAS’ commitment to innovation, which has been recognised by the global trade community, including MATRADE being awarded the World Trade Promotion Organisation (WTPO) Award for ‘Best Use of Information Technology’ in 2022.
As MIHAS 2024 gears up for its 20th edition, it stands as a testament to Malaysia’s pioneering role in the Halal industry, supported by its well-developed Halal ecosystem. The milestone event symbolises two decades of dedication to fostering trade and innovation within the Halal sector, solidifying its position as a key platform for showcasing Halal products and services.
For further details on MIHAS 2024, visit MIHAS · Malaysia International Halal Showcase at www.mihas.com.my 
For enquiries on MIHAS 2024, please email to : wa****@ma*****.my
Name: Rosli Mat Hassim – Trade Commissioner, MATRADE Warsaw
Areas of coverage include Poland, Bosnia-Herzegovina, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Moldova, Slovakia and Ukraine.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
- read also: Sabah tourism destination presentation in Hungary – Interview with Minister Hon. Datuk Christina Liew
Spar leaving Hungary? Here is the official reaction
Gergely Gulyás, the Minister of the Prime Minister’s Office, said the government sued the German company for defamation. That means another round in the conflict between the Orbán cabinet and Spar. Will they finally give up and leave Hungary? Here is the official reaction.
Foreign retail chains “need to be pushed out of the country”
In 2020, János Lázár, Hungary’s Minister for Construction and Transport, said that the retail trade of grocery items had to be dominated by Hungarian businesses. Therefore, the government would like to break the power of foreign chains in that sector.
He plans to do that, among other means, by taking advantage of additional taxes and levies. That means the government would like to reach their goal not by increasing Hungarian companies’ competitiveness but by the administrative repression of foreign chains. That is what they seem to have started after the latest supermajority of Orbán’s ruling Fidesz-KDNP coalition.
Spar will be brought court for defamation
The current conflict followed Austrian Spar CEO Hans Reisch’s sharp criticism, slamming the excess profit taxes of the Hungarian government. Mr Reisch mentioned other government measures restricting competition in Hungary’s retail market. As a result, Spar turned to the budget supervision committee of the European Parliament. Afterwards, Gergely Gulyás announced that the Orbán cabinet would bring the company to court for defamation.
The company’s board of directors sent a letter to their employees after the scandal. They wrote they would be profitable without the extra burden of the Hungarian government taking away EUR 8,500 per employee every year from their Hungarian subsidiary.
EUR 76 million extra tax
They added they did not plan to leave the country. Instead, they would like to open new stores and renew the existing ones.
Gabriella Heiszler, the CEO of Spar Hungary, highlighted at an extraordinary press event that the Hungarian subsidiary was loss-making in 2023, just like in 2022. In 2023, they paid EUR 76 million extra tax to Hungary’s budget. Without that, they would have been profitable.
Concerning a possible exit, Heiszler said she was not a decision-maker in that issue. But based on her conversations with the owner, Spar would not leave Hungary, she added.
Spar Hungary employs 14 thousand people in Hungary and is Hungary’s fifth largest employer.
Read also:
Understanding the Fundamentals of Finance
Finance is a broad and dynamic field that underpins much of the economic activity around the world. From personal budgeting to corporate investing, the principles of finance play a crucial role in decision-making processes. This article will delve into the basics of finance, exploring essential financial concepts, the importance of financial markets, and how tools and events, such as the use of MetaTrader 4 for trading and significant economic developments like the over 2 million euro expansion of Autoflex-Knott, influence the financial landscape.
Key Financial Concepts
Understanding finance starts with mastering basic concepts such as:
- Income and Expenses
At its simplest, finance is about managing income and expenses. Whether it’s a household or a multinational corporation, effective financial management involves ensuring that income exceeds expenses to remain solvent and profitable.
- Assets and Liabilities
Assets are resources owned that have economic value, while liabilities are obligations that deplete resources. Healthy financial management aims to increase assets and decrease liabilities. This balance is crucial for maintaining financial stability and ensuring growth. By maximizing assets, such as cash, investments, and property, and minimizing liabilities like loans and debts, individuals and companies can strengthen their financial footing. This strategic financial management helps in building wealth over the long term and achieving economic resilience against future uncertainties.
- Investment and Savings
Investment involves committing money to an endeavor with the expectation of achieving a profit, while savings refer to money set aside for future use rather than spent immediately. Both are critical for long-term financial stability and growth.
- Risk and Return
This principle underscores the potential gains or losses related to an investment relative to its risk. Understanding this trade-off is essential for making informed investment decisions.
- Get more information about invoice finance
Financial Markets and Their Importance
Financial markets play a pivotal role by facilitating the efficient allocation of capital in the economy. They allow for the buying and selling of financial instruments like stocks, bonds, and commodities. Here’s why they are vital:
- Liquidity Provision
Markets provide liquidity, allowing investors to buy and sell securities easily. This liquidity is crucial for businesses to raise capital and for investors to enter and exit positions.
- Price Discovery
Financial markets help in setting prices for financial instruments based on supply and demand dynamics. This price discovery process is fundamental for the efficient functioning of the economy. It ensures that resources are allocated where they are most needed and where they can be most effectively utilized. This mechanism not only supports economic growth by optimizing investment but also provides transparency, allowing investors to make informed decisions based on the true underlying value of financial assets.
- Risk Management
Markets offer various financial instruments that help individuals and corporations manage risk through diversification, hedging, and insurance. These instruments include options, futures, and swaps, which can be tailored to protect against price volatility, currency risk, and other exposures. For example, options allow investors to hedge against potential losses in their stock investments, while futures contracts enable producers to lock in prices for their commodities, reducing uncertainty about future revenue. Additionally, various insurance products are traded on financial markets to mitigate risks related to property, health, and liability, further enhancing the ability to manage diverse financial risks effectively.
Tools for Financial Analysis
To effectively participate in financial markets, one must use sophisticated analytical tools. MetaTrader 4 is a widely favored platform, for instance, is a popular platform used by forex traders worldwide. It offers advanced technical analysis capabilities, automated trading systems, and flexible trading systems that are indispensable for high-frequency traders and those involved in the forex market.
Real-World Financial Events and Their Implications
Recent events, such as the over 2 million euro expansion of Autoflex-Knott, showcase how significant investments and expansions impact not only the companies involved but also the broader market. Such developments can lead to job creation, increased stock prices, and overall economic growth in the related regions.
Conclusion
The basics of finance encompass a range of concepts from simple budgeting to complex investment strategies in global markets. Understanding these fundamentals is crucial for anyone looking to navigate the financial world effectively, whether through personal finance management or corporate investments. Tools like MetaTrader 4 and knowledge of significant market events help in making informed decisions that align with one’s financial goals and risk tolerance. As we continue to witness rapid changes in the financial landscape, staying educated and adaptable is more important than ever.
ApexNexia reviews for new traders
Sponsored article
Investment broker ApexNexia operates on various trading exchanges, such as the stock exchange, where bonds, stocks, indices, and futures are dealt with. Web traders are also active in the currency and commodity markets. The company accepts people to join its team daily to gain passive income. An investor should have specific skills to get the desired revenue, so the service teaches and helps. Indicators of the firm’s safety, transparency, and honesty fully correspond to the quality of provided services, which are indicated by positive reviews from investors. Here, clients can count on profitable cooperation anywhere in the world. ApexNexia has established itself as a reliable partner in the UK territory, which is rapidly moving up the ranking of services provided on the stock market.
ApexNexia online trader reviews on high speed trading
Internet trading is the ability to buy and sell securities in time. Trading on the stock market is not as complicated as it seems. With specific knowledge, skills, and a small amount of money, it is possible to enter the stock exchange. The authors of reviews about ApexNexia publish their impressions, successes, and author’s trading methods on many online resources, including on:
- Medium;
- Slashpage.
The feedback is available in both Russian and English. Most current clients do not hesitate to share their opinions online, with reviews in video format and printed versions about ApexNexia. In addition, the investment agent does not carry out any actions regarding the manipulation of quotes, does not insist on additional funding of the brokerage account, and does not delay payments. A notarized contract regulates all actions.
According to reviews, investors fully trust their capital and provide complete freedom of action in a remote format. If you have difficulties or additional questions, contact your personal manager via the platform or messenger.
Deposit and withdrawal of income on the portal ApexNexia
Online trading with investment broker ApexNexia is a chance to gain financial independence and confidence in the future. Disciplined, stress-resistant depositors with an analytical mind can quickly build a career in the world of finance, doing interesting work and receiving high, and most importantly, passive income.
To start trading, you should create an account and replenish your deposit. It can be done with the help of:
- bank account;
- an electronic wallet;
- cryptocurrency;
- credit card.
According to investors’ reviews, funds are credited to the future trader’s account within a few seconds. The broker accompanies the client at all stages of creating a field for making transactions and helps promptly resolve any misunderstandings that arise.
The minimum threshold for entering the platform is $250. The account also assumes other packages, such as PREMIUM ($3000), ULTRA ($20000), and BLACK (the amount is negotiated individually). Owners of a personal profile on ApexNexia get access to:
- financial calendars and daily analytics;
- democratic swaps;
- no withdrawal and deposit fees;
- narrow spreads;
- minimal trading volume – 0.01 lot;
- low leverage up to 1:100 and much more.
The broker recommends, but does not prevent, withdrawing funds to clients when it is appropriate and does not harm the depositor’s trading activity.
Digitalization of trading at ApexNexia
The digitalization of all spheres of life has noticeably simplified the process of generating income not only offline but also remotely. That is why the company is actively promoting its application, where you can perform the same actions as on the portal. The system functions perfectly based on the Android and iOS operating systems. Investors note the simple software, modern interface, and the presence of many interesting and useful options.
Regardless of the type of device, all charts, analytical data, and trading zones are well demonstrated on the gadget screen. According to depositor reviews, the software has flexible settings where you can customize the data and trading platforms to suit your individual needs. Various trading asset classes are available on the platform, namely:
- Forex;
- Stocks;
- Indices;
- Futures;
- Cryptocurrency;
- Goods.
Those who are just starting their journey in the trading and stock market can use the training mode. This demo account from ApexNexia is presented by mirroring the trading zones in the live mode. In this regard, web traders put the skills they have learned into practice and do not lose money. It is only honing skills to earn money. You can perform all kinds of actions on the demo account ApexNexia for an unlimited amount. As it is known, after this stage of training and practice, traders have no questions or doubts about commissions, spreads, terms of cooperation, and methods of applying strategies.
Conclusion
Opinions about the stock market may change depending on the trading days. However, it is undeniable that this direction is profitable and in demand worldwide. The owners of impressive capitals can enrich themselves by cooperating with the best brokers, buying cryptocurrency, securities, and so on, all on one platform. Do not miss the opportunity to be part of a profitable sphere and beneficially utilize your assets, thanks to ApexNexia!
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
FM Szijjártó: Hungary-Russia cooperation based on long, fruitful traditions
Economic cooperation between Hungary and Russia is long-standing and successful, Péter Szijjártó, the minister of foreign affairs and trade, said on Facebook on Thursday.
Hungary-Russia cooperation
Many Hungarian companies and their products have attracted strong demand in Russia.
“We have now consulted with leaders of Hungarian companies active in Russia, because developing Hungarian-Russian economic ties further in areas not affected by sanctions is high on our foreign economic agenda,” the minister said.
Last year Hungary’s exports to Russia continued to exceed one billion dollars, Szijjártó said, adding that “the presence of the largest Hungarian companies such as Mol, OTP and Richter in Russia could make other Hungarian companies feel secure there”.
Those companies operating in pharmaceuticals, food processing, water management, health, construction, and farming have expressed a desire to stay active on that market, the minister said, adding that the government would “provide the necessary support for this”.
Szijjártó: Europe should aid Africa’s development instead of encouraging migration
If the European Union continues to “encourage” migration instead of bringing development programmes to Africa, Europe will be “flooded” by immigrants, Szijjártó said, adding that this would lead to “unforeseeable security challenges”.
Addressing a joint press conference with Musa Timothy Kabba, his Sierra Leone counterpart after a meeting of the Hungary-Sierra Leone economic mixed committee, Szijjártó said Africa’s population was projected to grow by 750 million over the next 20 years, warning of the “enormous challenge” it would be to ensure Africans’ access to education, health care and drinking water.
“So if the European Union continues to encourage people to set off for Europe rather than taking development programmes to Africa, the EU will be flooded by migrants, and we’ll be facing unforeseeable security challenges,” Szijjártó said, according to a ministry statement.
He said implementing development schemes required responsible governments such as that of Sierra Leone, praising the country’s efforts against terrorism, its defence of security interests and openness to cooperating with Europe to retain its population.
“And we’re prepared to work together with responsible African countries, support their economic growth and support them in retaining their growing populations by improving their standard of living,” Szijjártó said.
He said Hungary was not just “paying lip service” to aiding Africa, but also following up its words with actions.
Szijjártó said a business forum held earlier in the day had highlighted food supply, agriculture and water management as the areas with the most opportunities for cooperation between Hungary and Sierra Leone.
He said Hungarian companies were prepared to contribute to food security and water supply in the west African country and had started talks on two future investment projects aimed at ensuring 300,000 people’s access to clean drinking water.
Hungary’s government is prepared to contribute to both the financial and technological side of these projects, he added.
Szijjártó also said the Hungarian University of Agriculture and Life Sciences was prepared to work with its local partners in Sierra Leone to create the framework for high-quality and secure food supply.
Meanwhile, he said there were currently 84 university students from Sierra Leone studying in Hungary, noting that Hungary offered scholarships to 50 students from the west African country each year.
Szijjártó said the war in Ukraine had a “serious impact” on both countries, underlining the global problems caused by soaring energy prices, inflation and challenges related to food supply.
“And peace is the only way to prevent these dramatic effects,” he said.
“That’s why we will continue to stand up for peace efforts at international forums in the interest of bringing an end to the war in Ukraine and preventing its dramatic effects from impacting the countries and people who have nothing to do with this war and are in no way responsible for it,” the minister said.
In response to a question, Szijjártó called the migration pact approved by the European Parliament on Wednesday “the legislative body’s most dangerous decision of the last five years”.
“This decision once again proves that Brussels and the European Union are pro-war and pro-migration,” he said. “It has made it clear that a strong rightward shift will be needed in early June in order for Europe to be a safer and more competitive place.”
Meanwhile, he said Hungary and Ukraine had yet to achieve a breakthrough in their talks on the rights of the Transcarpathian Hungarian community, insisting that the government would not compromise on this issue.
ChristDem MEP: Africa’s future lies in educating youth
“Education is a long-term investment,” György Hölvényi, MEP of Hungary’s co-ruling Christian Democrats, said in Brussels on the sidelines of a conference on Thursday held on the role of the European Union in African education, adding that “Africa’s future depends on providing education to the continent’s youth.”
“It is in Europe’s interest for young generations in Africa to grow up to be a resource rather than a problem,” the MEP told MTI.
Africa needs educated young people to contribute to economic and social development, he said, adding that “assistance provided to ensure the prospect of prosperity in the homeland is especially important.”
“Assistance in place” includes aid for education and training in Africa to help young people seek out opportunities in their own homelands, he said. Education could create the necessary conditions for them to stay at home rather than opting to emigrate, he added.
The situation in Africa, Hölvényi said, was critical. Around 260 million children on the continent do not attend school, he said, adding that the United Nations World Food Programme was about making school attractive by providing daily meals there. He also warned that by 2030 Africa would need at least two million more teachers.
The churches are in the forefront of education in Africa, with 40 percent of schools run by church organisations, Hölvényi said.
He said aiding education in the long term involved a political and financial commitment, adding that “the EU and its member states cannot make things change by themselves; partner countries must be willing to participate.”
Hungary chief of staff meets EUMC head
Robert Brieger, the head of the European Union Military Committee, visited Hungary on Thursday, and met with Gábor Böröndi, the chief of staff.
At a press conference after the talks, Böröndi said the visit was “the overture to the military programme of the Hungarian EU presidency”.
Regarding the military priorities of the Hungarian presidency, Böröndi said the EU Strategic Compass programme should be supported in the areas of crisis management, military capabilities and the development of the defence industry. He said it was important to develop Europe’s rapid response forces, adding that the Hungarian presidency would support Europe’s defence technology and industrial funds. “Hungary’s defence industry is an integral part of that,” he said, adding that Hungary would contribute to setting up the first European combat group in 2025.
Böröndi said the Western Balkans continued to be a priority for Hungary and its armed forces, noting that this year, for the first time in the history of the EUFOR Althea operation, a Hungarian commander is in charge of the EU’s military mission there.
Hungary supports an informal document signed by Austria, Germany, Belgium and the Netherlands aimed at “putting the Western Balkans in the European Union’s centre of focus to an even greater extent”, Böröndi said.
The Hungarian military will host European Union member states’ chiefs of staff in October and present Hungary’s military capabilities at the Brave Warrior exercise, Böröndi said.
Brieger said his visit was aimed at reinforcing cooperation, and his talks focused on issues closely related to EU common security and defence policy.
“The current situation in Ukraine and at the Red Sea definitely required a personal meeting,” he added.
Read also:
Latest figures from the Central Statistical Office: Hungary has EUR 583 m trade surplus, factory gate prices fall
Factory gate prices in Hungary dropped by an annual 4.3 percent in February, falling for the seventh month in a row after rising for years, data released by the Central Statistical Office (KSH) on Tuesday show. Hungary has EUR 583 m trade surplus.
Factory gate prices
According to KSH, domestic sales prices fell by 5.8 percent, and export prices declined by 3.5 percent.
In a month-on-month comparison, factory gate prices increased by 0.5 percent, domestic sales prices increased by 0.7 percent, and export prices increased by 0.3 percent.
Domestic prices of the manufacturing sector, which have a 60.0 percent weight in the PPI, dropped by 2.0 percent year-on-year. Domestic energy prices, which account for 38.6 percent of PPI, fell by 14.1 percent.
Export prices of the manufacturing sector, which has an 82.9 percent weight in the PPI, increased by 0.7 percent, while energy sector export prices, with a 16.7 percent weight, dropped by 33.1 percent.
Trade surplus in January
Hungary had a 583 million euro trade surplus in January, after the balance turned negative for the first time in almost a year in December, a second reading of data released by the Central Statistics Office (KSH) on Tuesday shows.
Exports fell by an annual 6.8 percent to 11.506 billion euros. Imports dropped by 14.3 percent to 10.923 billion euros.
Trade with other European Union member states accounted for 78 percent of Hungary’s exports and 69 percent of its monthly imports.
Hungary’s terms of trade improved by 3.2 percent during the period as the forint firmed 3.4 percent against the euro and 4.6 percent to the dollar.
read also:
- Fuel price record high in Hungary while forint strengthens
- Hungarian central bank cuts the base rate again, details HERE
Business Forum ‘Doing Business in Azerbaijan’ Enlightens Budapest
On March 18th, the vibrant Hungarian capital hosted a high-profile business forum centered on the theme of “Doing Business in Azerbaijan.” Organized by the Embassy of the Republic of Azerbaijan in Hungary and the Office of the Trade Envoy of Azerbaijan in Central European countries, in collaboration with the Hungarian Export Promotion Agency (HEPA), the event provided a platform for insightful discussions and networking opportunities among key stakeholders.
The esteemed Ambassador of Azerbaijan to Hungary, Tahir Taghi-Zadeh, set the tone with an illuminating opening speech, underscoring Azerbaijan’s remarkable economic achievements in recent years and its welcoming investment climate. The forum received a warm reception from Katalin Bihari, the Deputy Secretary of State of the Ministry of Foreign Affairs and Trade of Hungary, who extended a cordial welcome to the distinguished attendees.
Subsequent to the introductory remarks, Nemat Nagdaliyev, the Trade Envoy of Azerbaijan in Central European countries, and Mirza Alakbar Babayev, the Chief Advisor to the Trade Envoy, delivered comprehensive reports elucidating the investment prospects in Azerbaijan – particularly in Karabakh. The presentations intricately detailed the plethora of opportunities available in the country, shedding light on the establishment of industrial parks and the ongoing extensive construction and rehabilitation efforts in recently liberated territories.
The business forum served as a pivotal gathering for representatives from the business communities of Hungary and neighboring countries. Their active participation underscored the mutual interest in fostering stronger economic ties and exploring collaborative ventures between Azerbaijan and its Central European counterparts.
As the curtains drew on the enlightening discussions, participants departed with enriched perspectives and newfound prospects for fruitful collaborations, further strengthening the economic bonds between Azerbaijan and Hungary.
As an added note, the Office of the Trade Envoy of Azerbaijan to Central European countries has been operational since 2017, spearheading the promotion of non-oil exports of Azerbaijan in Europe as well as attracting foreign investments to Azerbaijan.
Read also:
Europe’s lowest tax rates a big attraction for foreign firms in Hungary, says minister in Bangkok
On Tuesday, Péter Szijjártó, the minister of foreign affairs and trade, said in Bangkok that Hungary regards East-West cooperation as a great opportunity rather than a risk, from which many can profit.
Given the war in Ukraine and the related sanctions, Eurasian cooperation has suffered a big blow, the ministry, quoting Szijjártó, said in a statement. With the collapse of growth based on advanced Western technologies and Russian energy sources, combined with skyrocketing inflation, many countries faced difficulties, even though they were not responsible for the situation, he added.
Szijjártó also noted the Middle East conflict, which has compromised safe navigation in the Red Sea, resulting in expensive freight circumnavigation.
He said all this has negatively affected Hungary, which is among the ten most open economies in the world.
The minister referred to rising energy costs and inflation, which jumped from two percent to 27 percent, “exclusively owing to external influences.”
He said the European Union then decided to heap pressure on Hungary’s “conservative, patriotic” government by freezing Hungary’s community funding.
“But we’ve survived,” he said, adding that 2024 would be “much easier” due to falling energy prices and inflation and the partial release of EU funds.
Amid the fierce competition for investments worldwide, he noted several reasons why it was worth investing in Hungary, including the stable political system, with a government that commanded a two-thirds parliamentary majority, and significant investment incentives as well as Europe’s lowest tax rates.
Thanks to the government’s strategy of opening to the East, Hungary has turned into a major meeting point for Eastern and Western companies, he said, adding that Hungary wanted to see smooth East-West cooperation, while obstacles to trade around the world were undesirable.
“Yet when anyone in Europe says something along these lines … they are classed as a friend of the Russians, Putin’s spy, or a Kremlin propagandist,” he said.
Szijjártó said all companies operating in Hungary could do so unhindered, no matter where they came from, all long as they followed the rules.
He noted that Hungary doubled its 2022 investment record last year, and 82 percent of working capital came from the East, mostly from China and South Korea.
The minister said Hungary had become one of the world’s largest producers of electric batteries, and a large number of suppliers had come from the East, making the country a meeting point for German car manufacturers and Eastern battery-makers.
Szijjártó praised bilateral ties “based on mutual respect”, noting that the Hungarian government “does not interfere in the internal affairs of others”.
He said the Hungarian-Thai trade, worth 730 million dollars in 2023, was record-breaking, and tourism “has also doubled.” He added that
he hoped to convince AirAsia managers to launch a flight to Budapest.
read also:
- Popular international food chain flees Hungary due to PM Orbán and his oligarchs?
- Pricing paradox: Hungarian food costs less abroad – here is why
UPDATE
The minister also announced that
AirAsia could launch a direct flight between Bangkok and Budapest in the autumn, noting that in 2023, tourism figures doubled compared with the previous year, with over 10,000 tourists visiting Hungary and Thailand receiving more than 30,000 Hungarians.
Szijjártó said preparations had been made and relevant talks “will be concluded today”. “We have a good chance of there being a direct link between Bangkok and Budapest in the near future,” he said.
Concerning Hungary’s upcoming European Union presidency, Szijjártó said Hungary would make efforts to reinforce the bloc’s foreign trade relations “in view of a significant deterioration in the continent’s competitiveness in recent years.” The Hungarian presidency will “take rationality and practicality in consideration” and work to accelerate recently resumed talks with Thailand aimed at a free trade agreement, Szijjártó said.
The Hungarian government, Szijjártó said, would lend momentum to talks with Thailand aimed at investment protection, “since more and more investors come from Thailand and trade turnover is on the increase”. The Hungarian economy could benefit from the effects of a free trade and investment protection agreement, he added.
The minister assured his Thai partners of Hungary’s support for Thailand’s request to join OECD. “It is in our interest that the OECD should become stronger, while Thailand’s entry could clearly strengthen the organisation,” he said.
Noting conflicts worldwide and world organisations “seriously influenced by ideologies,” he said building relations was becoming difficult. He added, “It is refreshing to see that in remote parts of the world, there are some countries such as Thailand that pursue a rationalistic foreign policy based on mutual respect.”
“We see eye to eye that each country has a sovereign right to shape their own foreign strategy, promote their own national interests in foreign policy and resist the pressure exerted by strong players in international politics,” Szijjarto said.
Economic Trends and Forex Trading: Navigating Market Volatility
Collaborative article
The forex market is inherently linked to economic trends. An important part of being a good trader is understanding the relationship that trading has with these economic trends. Ultimately, your discoveries could shape your trading strategy, so it’s well worth taking the time to get a handle on everything before you start trading on a reputable platform such as Tradu.
Here’s what you need to know.
Global Economic Indicators and Forex Market Volatility
Key economic indicators include:
- Gross Domestic Product (GDP growth)
- Inflation rates
- Employment rates
- Consumer Price Index (CPI)
- Producer Price Index (PPI)
- Interest rates
All of these factors can influence the forex market, so it’s beneficial to have an awareness of how they can play out within a country. Some people might create an economic calendar designed to help traders seek out important dates, such as Central Bank announcements.
Central Bank Policies and Monetary Policy Divergence
Central Banks in countries across the world have the power to change monetary policies to adapt to changing economic conditions. This helps them reach price stability, where inflation is low and less erratic.
These policies are put into action with adjustments to the supply of money, which is done through buying and selling securities in the open market. High-interest rates mean that monetary policy is being squeezed.
Examples of Central Banks with the power to do this include:
- Federal Reserve
- European Central Bank
- Bank of Japan
Forex pairs will differ depending on the interest rates stemming from the countries they represent. If certain monetary policies are put in place, it can impact their value in the forex market.
Geopolitical Events and Risk Sentiment
Geopolitical events can be anything from an armed conflict to political unrest, natural disasters to trade wars. Events like these can have endless social, economic and environmental factors that can cause currency prices to rise or drop. The volatility of the forex market largely rests on occurrences like these. They can influence market risk appetite as a result. Geopolitical events can have long and short-term impacts on currency values, so it’s almost impossible to predict the outcome.
Traders can help to navigate these events by managing their risk exposure and staying on top of current affairs so they can identify opportunities with less of a threat. This will mean keeping up with news outside the UK too.
Long-Term Economic Trends and Currency Valuations
Part of forex trading is about identifying long-term economic trends as well as short-term ones. These might include demographic trends within a country, such as an ageing population, as well as a country’s commitment to certain avenues such as technological advancements, green economy and more. Globalisation, where organisations gain international influence, can also indicate good growth prospects and aid currency prices.
Government rejects SPAR’s ‘false claims’ regarding measures to bring down inflation
The National Economy Ministry called communication by the Austrian owner of SPAR supermarkets in Hungary on government measures to bring down inflation “malicious” and “false” in a statement issued on Monday.
The ministry noted that government measures requiring big supermarket chains to comply with price caps on staples and offer regular discounts had helped reduce double-digit inflation to 3.7 percent in February, while revenue from a windfall profit tax on the retail sector had been channeled into a fund to keep household utilities prices down.
The ministry acknowledged that SPAR “disagreed” with those measures but said its behaviour ran “counter to the interests of Hungarian consumers”.
The ministry said SPAR’s “attacks” against the government were driven rather by the “loss-making position” of its local business which had “fallen behind the competition”.
“Instead of taking steps to boost its efficiency and competitiveness…[SPAR] is spreading baseless fake news,” it added.
“Only companies that comply with the law and take into consideration the interests of local consumers, by offering them products that are of good quality at good prices, can stay in Hungary,” the ministry said.
As we wrote earlier, the supermarket chain SPAR intends to file a complaint with the European Union concerning a special tax imposed by the Hungarian Government, details HERE.