Hungary Current Account has EUR 213 mln Deficit in January

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Hungary's current account had a EUR 213 million deficit in January, narrowing from a EUR 1.049 bln gap in the previous month, preliminary monthly data released by the National Bank of Hungary (MNB) on Monday show. 

The trade surplus reached EUR 435 mln, the balance of a EUR 275 mln deficit in trade of goods and a EUR 709 mln surplus in trade of services.

The primary income balance showed a deficit of EUR 481 mln, as investors repatriated EUR 547 mln from direct investments.

Capital transfers from the European Union came to EUR 52 mln for the month.

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