Expert: Investment processes in Ukraine restored
deficit of the current and financial account balance of payments in Ukraine in 2010 will amount to 0,5 billion each.
told in the commentary UNIAN Economist Astrum Investment Management Alexei Blinov.
According to him, a large current account deficit in December 2009 was associated significantly with peak volumes of gas imports. This month, Ukraine has purchased 4.3 billion cubic meters worth 893 million dollars, recalled economist.
, however, believes Blinov, imports of gas is not the only explanation for such a wide gap in foreign trade up to December 2009. Grew up away and other imports, and particularly expressive was a leap of imports of engineering products at 32,7%, noted economist. In his view, this points to the fact that Ukraine is already a certain recovery of investment processes and confirms the expectations of investment growth of 8% in real terms in 2010
At the same time, said the economist, in December there were no significant payments on foreign debts, which allowed to go in the financial account surplus. Activities in the field of foreign direct investment in December was weak, reaching only 120 million dollars, which brought the figure up in 2009 to 4,5 billion dollars, said Blinov. He added that the outflow of foreign currency in cash is substantial: in December it amounted to 1.1 billion dollars, and the cumulative cash outflows in foreign currency in 2009 was $ 9.6 billion.
As UNIAN reported earlier, according to the National Bank”s balance of payments deficit of Ukraine in 2009, according to preliminary data, amounted to 13.727 billion dollars, that in 4,3 times more than in 2008 (3,209 billion dollars) .
Following the 2009 current account deficit amounted to 1.94 billion dollars, compared with a deficit of 12,763 billion dollars in 2008. “In 2009, the decline in external demand and world prices resulting from global crisis resulted in a significant decrease in revenues from exports of goods and services - by 36,7%. But the lack of external finance, reducing domestic demand and the devaluation of the hryvnia at the end of 2008 identified more greater drop in imports - 43.1%. As a consequence, in general, for the 2009 current account deficit has declined significantly - up to 1,9 billion dollars “, - stated in the NBU.
For
2009 shortfall in the financial account is estimated at 11.787 billion dollars, while for the corresponding period in 2008, it was positive - 9,554 billion dollars
The NBU note that the formation of finscheta deficit in the current year due to low levels of foreign direct investment and partial payments on debt of the private sector, the new attraction.
“Continuation launched in September 2009, the momentum of improvement of the financial accounts allowed in December for the first time since the crisis began to form a surplus - at $ 363 million. The determining factor for this was the resumption of the private sector to attract external resources for debt markets as a result of a certain stabilization of global financial markets and the situation inside the country, “- said in a statement.
According to the National Bank, in December 2009 the consolidated deficit of balance of payments amounted to 0,222 billion dollars (in November 2009 - 0,641 billion dollars). The current account in December, was formed with a deficit of 0,585 billion dollars (in November this year the deficit was 0,344 billion dollars), while in the financial account in December, was recorded a surplus - 0,363 billion dollars (in November, the deficit — 0,297 billion dollars).
account deficit in December, fully funded by thb5ce reserve assets, the amount which as of 1 January 2010 amounted to 26,5 billion, which provides financing of imports of goods and services over the next 5,1 month period.
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