The surplus of Ukraine's balance of payments in Apr 2013 was $927 million, which is 82.5 percent up on 2012 ($508 million), according to the Web site of the National Bank of Ukraine (NBU).
“The reduction in the current account deficit was accompanied by significant revenues on the financial account, which allowed there to be an increase in international reserves even under the terms of payments on the loan from the IMF,” reads the report.
According to the NBU, the current account deficit in Apr 2013 declined to $677 million, compared to $983 million in Apr 2012, mainly due to the improvement of the state of foreign trade with energy sources.
The overall current account deficit in Jan-Apr 2013 compared to the previous year decreased by 20%, to $2.428 billion.
The surplus of the account of operations with capital and financial transactions in Apr 2013 was $1.604 billion, and in Jan-Apr – $5.175 billion, exceeding last year’s figure by 7.6% and 74% respectively.
The surplus of the financial account was provided mainly through the placement of eurobonds by the government and private corporations against favorable conditions on the international market.
In addition, the inflow of foreign direct investment rose and the demand for cash foreign currency remained low.
In general, in Jan-Apr 2013 the surplus of the balance of payments reached $2.747 billion, while for the same period last year its deficit was $61 million.
According to the National Bank, the net inflow of foreign direct investment in Apr stood at $417 million, and in Jan-Apr – $1.649 billion, which is 4.5 times up and 6.1% down compared to the same period last year.
