Hungary C/A deficit reaches EUR 370 mln in May

Debt

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Hungary's current account had a EUR 370 million deficit in May, state news wire MTI reports citing preliminary monthly data released by the National Bank of Hungary (MNB) on Friday.

Hungary had a EUR 245 mln trade surplus for the month, the balance of a EUR 406 mln deficit in trade of goods and a EUR 652 mln surplus in trade of services.

The primary income balance showed a deficit of EUR 511 mln, as investors repatriated EUR 454 mln from direct investments.

Capital transfers from the European Union came to EUR 34 mln for the month.

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