Hungary's strong balance of payments ranks it first among the newly reformed economies of central and eastern Europe, according to a report by Deutsche Bank Research.

Although problems remain on the domestic front, the report says, this external stability will allow Hungary to meet the import demand of rising domestic investment.

The improvement in Hungary's current account is mainly attributable to growth in exports, which rose about 20 percent in the first four months of 1992, after increasing almost 45 percent in 1991.

The country's foreign trade surplus has also risen to $612 million so far this year, up from $189 million in 1991.

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