Current account surplus up €238 mln in Q2

Telco

pixabay

Hungaryʼs current account surplus in the second quarter of the year was a combined €1.97 bln, compared to a €1.74 bln surplus in the first quarter, preliminary monthly balance of payments data from the National Bank of Hungary (MNB) showed today, according to Hungarian news agency MTI.

The balance of goods and services showed a €3.36 bln surplus in Q2, up by €500 mln compared to the first quarter. The balance of goods had a surplus of €1.99 bln, and the balance of services an €1.36 bln surplus in April-June. 

Primary income showed a deficit of €960 mln in Q2, greater than the €646 mln primary income deficit in Q1.

Compensation of employees represented income of €642 mln, while transfers from the EU increased primary income by €345 mln, but investment income was a negative €1.95 bln.

Secondary income in Q2 showed a €420 mln deficit, practically unchanged from Q1.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.