Hungary external financing capacity at EUR 1.12 bln in Q1

MNB

Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts - stood at EUR 1.119 billion in the first quarter of 2019, compared to EUR 100 million in Q4 2018, state news agency MTI calculates based on monthly balance of payments data from the National Bank of Hungary (MNB).

The current account balance in Q1 improved to a EUR 238 mln surplus, from a EUR 349 mln deficit in Q4 2018.

The surplus of goods and services was EUR 1.71 bln, up from EUR 1.16 bln. Primary income in Q1 showed a EUR 1.09 bln deficit, similar to the EUR 1.19 bln deficit in Q4.

The capital account balance improved, with the surplus rising to EUR 881 mln, up from EUR 449 mln in Q4.

Meanwhile, the financial account balance deteriorated, with the deficit growing to EUR 1.51 bln in Q1, from a EUR 1.02 bln deficit in the last quarter of 2018.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

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.