Ford drives hike in car production in Romania
1 day ago
Ukraine’s international reserves increased to over $32bn, Interfax Ukraine reported on April 4. (chart)
The International Monetary Fund (IMF) delivered its first tranche of $2.7bn to Kyiv earlier this week as part of its four-year $15.6bn Extended Fund Facility (EFF) Programme. As such, international reserves have risen from $28.86bn in February to over $32bn.
“Including these funds, the amount of assistance received from our partners since the beginning of the year has reached $13.6bn, and the international reserves of the National Bank of Ukraine have exceeded $32bn," said First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova.
Ukraine’s drop in international reserves in the first three months of the year was due to the NBU selling foreign currency to cover the difference between demand and supply in the foreign exchange market of Ukraine, which was largely compensated by foreign currency borrowing in favour of the government.
However, with help from international funding, Ukraine’s international reserves have now surpassed their pre-war peak of $30.941bn in January 2022.
Last month, the predictions for international reserves at the end of 2023 varied according to different experts. IER/GET predicted it will grow to $33bn by the end of the year, whilst Sense Bank sees a decline to $26.3bn. The average estimation came to $29.5bn.
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
2 days ago
-
COMMENT: Armenia's decisive turn towards the West
1 day ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
1 day ago
-
Remittances come to the rescue of Lebanon’s battered economy
1 day ago
-
UBN: The US Needs to Wake Up
11 hours ago
-
Iran vs Israel: Who is better equipped for war?
6 days ago
-
Saudi Arabia to scale back plans for Neom city
9 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
6 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
7 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
20 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
24 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
29 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
22 days ago