Information Day on “Balance of payments: topical issues” intended for media representatives was held at the National Bank of Ukraine on 27 April 2012.

The purpose of Information Day was to familiarize journalists with the latest available data on the Balance of Payments of Ukraine and its determinants and provide further clarification thereon.  

During the Information Day the journalists were informed on balance of payments estimates (BALANCE OF PAYMENTS for March 2012 (according to preliminary data), positive trends seen in the first quarter of 2012 and topical issues related to the balance of payments of Ukraine for 2011 – 2012  were highlighted (presentation on “Balance of payments: topical issues”), in particular: 

1.    What are recent developments in the balance of payments?

2.    Why did the current account deficit balloon in 2011 and why did the current account deficit cease to show an upward trend in 2012?

3.    Does the banking system provide incentives to increase consumer imports?

4.    How important are money transfers from abroad for the balance of payments of Ukraine and what is the nature of these transfers?

5.    Does Ukraine remain attractive for inflows of investment and debt capital?

6.    What is the role of trade credit in the country’s balance of payments?

7.    What are recent developments in the external debt of Ukraine?

The following NBU experts took part in the Information Day: 

Head of the NBU Governor’s Group of Advisers Valerii O. Lytvytskyi;

Director of the General Economic Department Ihor A. Shumylo;

Director of the Balance of Payments Department Tetyana A. Galchynska;

Deputy Director of the Balance of Payments Department Natalia I. Chepurnova;

Head of the Office for Methodology, Analysis and Forecasting of the Balance of Payments of the Balance of Payments Department Serhii A. Nikolaichuk.