KIEV, Oct. 4 – The deficit of Ukraine's current account in August 2011 rose by 84% compared to July 2011 and by 85% compared to August 2010, to $1.023 billion, according to the National Bank of Ukraine.

"The current account deficit in August rose to $1 billion (it was $557 million in July). The main reason was the continued growth of goods imports against the backdrop of high investment demand. In the eight months, the deficit rose to $4.5 billion (the deficit was a mere $282 million in January-August 2010)," reads the posting.