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Ukraine’s surplus of balance of payments reaches $252 million in February

Source : 112 Ukraine

In the first two months of 2018, the current account surplus stood at $128 million, indicating a 15.79% drop from the figure a year ago.
19:26, 30 March 2018

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The surplus of Ukraine’s balance of payments in February 2018 reached $252 million, compared to the $449 million deficit exhibited in the previous month, according to the preliminary data published on the official website of the National Bank of Ukraine (NBU), Interfax-Ukraine reports.

Related: Ukraine’s balance of payments deficit at $449 million in January

In January-February 2018, the deficit in the balance of payments totalled $197 million, which shows a 13.97% decline from the figure observed in the previous year.

The National Bank of Ukraine said that the current account surplus in February 2018 declined by 92.4% compared to January, and reached $9 million. In the first two months of 2018, the current account surplus stood at $128 million, indicating a 15.79% drop from the figure a year ago.

Related: Ukraine’s surplus of balance of payments doubles in 2017

The central bank pointed out apparent deterioration in the export performance of a number of commodity groups, despite the maintenance of a favorable price environment for ferrous metals, ores and grains.

According to the National Bank of Ukraine, such pace was linked to a slowdown in the rise of production volumes exhibited across a number of industries and the complication of transportation due to unfavorable weather conditions. In turn, the volume of exports continued rising, mostly thanks to energy and chemical products.

Related: Current Ukrainian balance of payments deficit fell to $ 234 million in October, - National Bank

The amount of foreign direct investment (FDI) in February 2018 amounted to $111, all of which were directed to the real economic sector to increase share capital.

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