Hungary Current Account Deficit at EUR 1.049 bln in December

Debt

Image by Shutterstock.com

Hungary's current account had a EUR 1.049 billion deficit in December, after months of surpluses, news wire MTI reports, citing preliminary monthly data released by the National Bank of Hungary (MNB) on Wednesday.

The trade deficit reached EUR 90m, the balance of a EUR 911 million deficit in trade of goods and an EUR 822 mln surplus in trade of services.

The primary income balance showed a deficit of EUR 746 mln, as investors repatriated EUR 852 mln from direct investments.

Capital transfers from the European Union came to EUR 399 mln for the month.

An amalgamation of the preliminary monthly data shows Hungary had a current account deficit of EUR 72 mln for the fourth quarter.

The data show a trade surplus of EUR 2.586 bln, with a EUR 117 mln surplus in trade of goods and a EUR 2.469 bln surplus in trade of services.

The primary income balance had a deficit of EUR 2.205 bln, as investors repatriated EUR 2.505 bln from direct investments.

Capital transfers from the European Union came to EUR 640 mln for the quarter.

E.ON Survey Shows Support for Renewables, Need for Innovativ... Green Energy

E.ON Survey Shows Support for Renewables, Need for Innovativ...

Hungary in Talks on Attracting More Chinese Investments - Sz... Int’l Relations

Hungary in Talks on Attracting More Chinese Investments - Sz...

Close to 2,500 Companies Apply for EV Subsidies Automotive

Close to 2,500 Companies Apply for EV Subsidies

Olympic Fest of Street Sports in Budapest Coming This June In Budapest

Olympic Fest of Street Sports in Budapest Coming This 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.