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NBU advisor: Economic growth acceleration has boosted payment surplus
Journal Staff Report

KIEV, Feb. 28 – The acceleration of the economic growth in Ukraine in January 2011 resulted in a surplus of the country's balance of payments and current account early in the first quarter of 2011, according to Valeriy Lytvytsky, the head of the group of advisors to the governor of the National Bank of Ukraine.

"The data on the balance of payments exceeded all expectations. The net inflow on the current account is $282 million. The last time we had a positive indicator was in Q2, 2010. The current account is seeing a surplus thanks to the acceleration of the pace of economic growth. It was more intensive in January compared to the growth of investment and nonproduction consumption. The start is very good, but we shouldn't relax," he said.




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