Hungary C/A deficit reaches EUR 817 mln in Oct
Image by Shutterstock.com
Hungary's current account had an EUR 817 million deficit in October, widening from a EUR 393 mln gap in the previous month, state news wire MTI reports, citing preliminary monthly data released by the National Bank of Hungary (MNB) on Wednesday.
Hungary had a EUR 363 mln trade deficit for the month, the balance of an EUR 857 mln deficit in trade of goods and a EUR 495 mln surplus in trade of services.
The primary income balance showed a deficit of EUR 444 mln, as investors repatriated EUR 625 mln from direct investments.
Capital transfers from the European Union came to EUR 492 mln for the month.
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.