Hungary’s trade balance in May posted a surplus of 1.0 billion euros, deteriorating by 218 million euros from the previous year, the Central Statistical Office (KSH) said in a second reading of data on Thursday. Worrisome numbers from the Hungarian economy.
Exports fell by an annual 8.6 percent to 11.9 billion euros, while imports slipped 7.7 percent to 10.9 billion euros, KSH said. In volume terms, exports fell by an annual 5.8 percent, and imports by 5.0 percent.
Month on month, export volume was down a seasonally and working-day adjusted 3.1 percent, while imports were up 1.6 percent. Hungary’s terms of trade deteriorated 0.2 percent during the period as the forint weakened by 4.0 percent against the euro and 4.6 percent to the dollar.
For the period January-May, Hungary had a trade surplus of 6.6 billion euros. Exports fell by 4.8 percent to 61.0 billion euros and imports declined by 11.4 percent to 54.4 billion euros.
Read also:
- Controversial use of hotel for Filipino workers in Hungary sparks diplomatic concerns – Read more HERE
- Home construction crisis reached Hungary, prices record-high
please make a donation here
Hot news
Tourists and immigrants revitalise Budapest’s iconic region as 1/5th of shops change
Top Hungary news: Festive trains, Wizz passengers stuck in Belgium, minimum wage increase, lego tram — 21 November, 2024
Hungary stands firm on Russian energy: FM Szijjártó defends sovereignty amid EU criticism
Wizz Air flight delayed for 18 hours: Passengers stuck in Brussels airport
Official: Minimum wage in Hungary to rise in 2025
Hop on a festive train to Vienna and Zagreb’s Christmas markets with MÁV!
1 Comment
The Real Person!
The Real Person!
Mihaly Varga – Finance Minister of the Orban – Fidesz Government, still “mouthing off” that the Economy has returned to a “Growth Path”.
Varga, should have been “ridden of” even prior to February 2020, the “arrival” of the Novel Corona Virus.
Prior to that date Varga and Orban had come under HASH criticism in the Economic and Financial – there AGREED policy’s the direction BOTH had signed off on, the direction Hungary had been sent.
Varga was WARNED – it could be cataclysmic on Hungary.
Orban was WARNED – it could be cataclysmic on Hungary.
The Orban Government were WARNED – it could be cataclysmic on Hungary.
Citizens – in and through the media – were WARNED, that the Varga / Orban, the Orban – Fidesz Government, the HIGH Risk’s being taken, by the POLICY”S of Mihaly Varga and Victor Orban.
Mihaly Varga – Economically and Financially – he is “supposed” to be the FIGURES man of the Orban Government – what has HE – delivered Hungary to being ???
Varga – has delivered us to represent a position that is a BOG.
In the 11 years as Minister of Finance – Mihaly Varga just “BLUFFED” his way through being a Finance Minister, that his REWARDS to Hungary, as seen to-day, are just DIABOLICAL – of no Creditability that just highlights his INCOMPETENCE in his role as the Minister of Finance.
FEAR – sooner than later, as the Hungarian Economy “trends” in the opposite and FACTUAL direction of its course to what through use of propaganda and just CRAP that Varga talks, when a change of Government HAPPENS in Hungary, and books of Mihaly Varga’s RESPONSIBILITY are AUDITED – what will be DISCOVERED ???
Varga, his major role in Hungary’s fighting for it’s SURVIVAL – 3 million plus citizens living in POVERTY , the forint under constant ATTACK, then the figures subject of this article, the name Mihaly Varga – his head should be HUNG in Shame.
Disgraceful.
Clowns in a Circus normally make us Laugh.
Clowns in a Government, in a Senior Ministerial Portfolio position as Mihaly Varga “wrongfully” holds, his “clown” role is a HUMILIATION, a FAILING on his behalf – to the citizens of Hungary.
Varga’s performance as just that LAUGHABLE, that he has sat 11 years in his role as the Minister of Finance of the Orban – Fidesz Government.
The entire Fidesz Government are a BUFFOON lot – that what they have DELIVERED after near on 14 years in Government to the citizens of Hungary, is not laughable but a TRAGEDY.