KIEV, March 10 – The successful economic development seen early in 2011 has reduced the macro-financial risks in Ukraine, according to NBU Governor Serhiy Arbuzov.

"The macroeconomic environment in 2010 and early this year has turned out to be better than local experts and international financial institutions forecasted," a posting on the central bank's official Web site quotes Arbuzov as saying. "As a result, the macro-financial risks have fallen."

He said that for the first time since 2004, inflation in 2010 fell to a single-digit figure (9.1%).