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Hungary receives more FDI in 2010

A net €2.1 billion in foreign direct investment (FDI) arrived to Hungary in 2010, up from €1.5 billion in 2009, the business daily Világgazdaság said on Monday.

The newspaper noted that 2010 FDI still remained below that recorded in the years before the start of the global financial and economic crisis in 2008.

Net capital exports amounted to €860 million last year, just over half of the €1.7 billion registered in 2009.

The paper learnt that the current account balance closed with a surplus of €1.8 billion. The considerable improvement in the external balance is backed by foreign trade processes.

The financing surplus of the economy as a whole continue to rise, reaching €3.2 billion, as opposed to the ever-increasing deficit typical of the period before the crisis, the paper said.