Hungary net external financing capacity at 2.8% of GDP in Q1
Adjusted for seasonal effects, Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - was EUR 979 million or 2.8% of quarterly GDP in the first quarter of 2019, balance of payment data published by the National Bank of Hungary on Friday show state news wire MTI reports.
The adjusted external surplus more than doubled from the fourth quarter of 2018 but was down by a fifth from a year earlier.
The rising surplus mainly reflected a rise of net European Union transfers, the report said. These transfers reached EUR 948 mln in Q1, including EUR 887 mln capital transfers.
All but EUR 59 mln of the adjusted external financing surplus came from the capital account. The current account was back in the black in Q1 after long-seen deficits in the previous two quarters.
Avg Gross Earnings at HUF 605,400 in February 2024
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
