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MNB: Hungary's c/a surplus €370 mln in December

Telco

Hungary's current-account surplus was at €369.9 mln in December, bringing Q4 surplus to a preliminary €1.21 bln, the monthly balance of payment data published by the National Bank of Hungary (MNB) this morning reveals.

Based on the preliminary Q4 figure, the full-year c/a surplus rose €333 mln from 2013 to €4.49 bln in 2014. Hungary's external financing capacity ­– calculated as a combined surplus of the current and capital accounts – came to €1.139 bln in December.

External financing capacity reached €2.69 bln in the fourth quarter and came to €8.24 bln for the full last year, up €440 mln from 2013.

The MNB started releasing monthly balance of payments report in July 2014. The monthly data include estimates and are available on the website only until the publication of the respective quarterly figures.

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