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Current Ukrainian balance of payments deficit fell to $ 234 million in October, - National Bank
23:12, 30 November 2016
Current Ukrainian balance of payments deficit fell to $ 234 million in October, - National Bank

The main factor for deficit reduction was the return of the balance of primary income account to positive values after the scheduled interest payments on restructured Eurobonds in September

23:12, 30 November 2016

Open source

The current account deficit of Ukraine's balance of payments in October 2016 decreased to $ 234 million, which is 1.8 times better than the index in October 2015. This was stated in a message released on the website of the National Bank of Ukraine (NBU).

Related: National Bank supports IMF’s call for further structural reforms in Ukraine, - Hontareva

"The main factor in reducing the deficit was the return of balance of the primary income account to positive values after the scheduled interest payments on restructured Eurobonds in September,” the report says.

It is emphasized that the export and import of goods in seasonally adjusted terms remained basically unchanged compared with September.

Related: National Bank: Ukraine might not get another IMF loan by late 2016

National Bank notes that in October grain exports traditionally increased, most of all - corn. Sugar exports also grew thanks to expansion into the new markets and increased supply of gas turbine engines in India and Russia.

"However, due to temporary difficulties with the supply of raw materials and the overhaul by the individual steel plants in October, export of iron and steel products decreased. Export of oil was also less than last month,” it was said in NBU.

Related: Protests near the National bank

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