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Hungary’s April c/a surplus €493m halves from the previous month’s €955m: MNB

BUDAPEST: The current account surplus came to €493 million in April, halving from the previous month’s €955 million, with external financing capacity – the combined balance of the current and capital accounts – coming to a surplus of €750 million, €638 million down from March, preliminary figures from the National Bank of Hungary (MNB) published today reveal. The April trade ... Read More »

Hungary’s trade surplus reaches €929m in March 2015

BUDAPEST: Hungary saw a €929 million trade surplus in March, with exports rising by a y.o.y. 13% to €8.257 billion and imports rising by a y.o.y. 9.8% to €7.327 billion, the Central Statistics Office (KSH) confirmed in a second reading of data this morning. The surplus on the trade balance was €289 million more than in the same period a ... Read More »

Hungary’s trade surplus reaches €929 m in March 2015

BUDAPEST: Hungary saw a €929 million trade surplus in March, with exports rising by a year on year 13% to €8.257 billion and imports rising by a year on year. 9.8% to €7.327 billion, the Central Statistics Office (KSH) confirmed in a second reading of data this morning. The surplus on the trade balance was €289 million more than in ... Read More »

Eurozone trade surplus at €23.4b in March 2015

HELSINKI: The Eurozone international trade in goods was expected to witness a surplus of 23.4 billion euros (26.18 billion U.S. dollars) in March, up from 16.1 billion euros in March 2014, the statistical office of the European Union (EU) Eurostat said on Tuesday. On a year-on-year basis, seasonally adjusted exports and imports rose by 11 percent and 7 percent respectively ... Read More »

Greece Budget surplus increases to €1.732b in Q1-2015

ATHENS: Greece budget deficit widened slightly to €503 million in the January-March period this year, from €448 million in the corresponding period in 2014, but it was significantly lower compared to a budget target for a deficit of €2.11 billion. The Greek budget recorded a primary surplus of €1.732 billion in the first quarter of the year, from a primary ... Read More »

Switzerland’s foreign trade surplus drops CHF 2.47 billion in Feb

BERN: According to Swiss Federal Customs administration, foreign trade surplus of Switzerland decreased in February 2015. The trade surplus in January was CHF3.41 billion which decreased in around CHF 2.47 billion in February. “As exports fell and imports rose in result foreign surplus decreased” Swiss Federal Customs Administration stated. Exports dropped a seasonally adjusted 3.2 percent in February, in contrast ... Read More »

Switzerland’s foreign trade surplus drops CHF 2.47 billion in Feb

BERN: According to Swiss Federal Customs administration, foreign trade surplus of Switzerland decreased in February 2015. The trade surplus in January was CHF3.41 billion which decreased in around CHF 2.47 billion in February. “As exports fell and imports rose in result foreign surplus decreased” Swiss Federal Customs Administration stated. Exports dropped a seasonally adjusted 3.2 percent in February, in contrast ... Read More »

Philippines’ budget surplus P6.8b: Deficit narrows down to P26.8m

MANILA: The Philippines government has shown a surplus on budget of P6.8 billion in the month of November which cause the expenditures decline in the year. The November surplus, which is higher than the P1-billion surplus recorded the previous year, narrows the year-to-date deficit to P26.8 billion. The budget gap from January to November is 76 percent  lower  than the ... Read More »

ECC allows 0.5m tonnes sugar export, imposes 20pc duty on import

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has allowed export of 500,000 tonnes of sugar and imposed 20 per cent regulatory duty on its import to facilitate sugar industrialists, who are facing financial crisis. The committee meeting, presided over by Finance Minister Ishaq Dar, allowed export of surplus sugar recommended by the Ministry of Industries and Production with ... Read More »