Hungary Current Account Shows EUR 142 mln Deficit in July
Image by Shutterstock.com
Hungary's current account showed a EUR 142 mln deficit in July, after surpluses in the previous two months, preliminary monthly data released by the National Bank of Hungary (MNB) on Thursday show.
The trade surplus reached EUR 1.131 billion in July, as the surplus in the trade of goods narrowed to EUR 159 mln and the surplus in trade of services widened to EUR 972 mln.
The primary income balance showed a deficit of EUR 1.077 bln, as investors repatriated EUR 754 mln from direct investments.
Capital transfers from the European Union came to EUR 28 mln for the month.
Watchdog Fines OTP Bank for Regulatory Shortfalls
Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s
Biggeorge Adds 2 New Directors to Top Management
Tastin' France 2024 Wine Event Coming in June
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.
