Hungary Has EUR 166 mln C/A Deficit in June

Hungary's current account had a EUR 166 mln deficit in June, after months of surpluses, preliminary monthly data released by the National Bank of Hungary (MNB) on Wednesday show.

The trade surplus reached EUR 1.185 bln, as the surplus in trade of goods came to EUR 378 mln and the surplus in trade of services stood at EUR 807 mln, state news wire MTI writes.

The primary income balance showed a deficit of EUR 1.039 bln, as investors repatriated EUR 667 mln from direct investments.

The balance of capital transfers from the European Union stood at negative EUR 124 mln for the month.

An amalgamation of the monthly data shows Hungary’s current account had a surplus of EUR 1.832 bln for the second quarter.

The trade surplus reached EUR 4.187 bln, as the surplus in trade of goods reached EUR 1.757 bln and the surplus in trade of services came to EUR 2.43 bln.

The primary income balance showed a deficit of EUR 1.775 bln as EUR 2.021 bln was repatriated from direct investments.

Figures

VC Investments in CEE at EUR 940 mln in Q2 2024 – Vestbee

World

American Hungarian Diaspora Org Sets Sights on Young People

Energy Trade

Ganz’s Giant Transformer to Connect Hungarian and Eastern European Power Grids

Budapest

Karácsony: Budapest Ready for Flood Wave

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.