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The balance of payments of Ukraine in 2013 has a trend towards improvement, first vice Prime Minister of Ukraine Serhiy Arbuzov stated, presenting the state program on enhancing economic development for 2013-2014 during the first International Annual Business Conference ABC: Ukraine & Partners, ForUm correspondent reports.
The official said that the current account deficit is expected to shrink to 7% of GDP this year from 8.4% of GDP in 2012.
First deputy Prime Minister added that Ukraine remains a net recipient of the capital, in particular, surplus of financial account in 2012 amounted to ten billion dollars, and over four months of this year - five billion dollars. "Basic indicators of 2012 will be significantly exceeded. Thus, foreign direct investment has remained at about 4% of GDP," Arbuzov said.
He stressed that in general, our country remains an important player in the global economy. It is one of the top five grain exporters in the world, ranking the tenth place in steelmaking and the forth in reserves of ore mineral resources and is also the largest transporter of global energy resources.
Arbuzov reminded that the state program on enhancing economic development for 2013-2014 provides five main directions of government actions, including improvement of competitiveness of the economy and the investment climate, support for domestic producers and implementation of import substitution policy, development of advanced high-tech sectors, structural reforms in strategic sectors and increase in exports of domestic products and services.
The document passed several cycles of discussion, including with the IMF, WTO and other international and domestic experts.
"The government invites investors to cooperate on priority projects for the country right now," the first deputy Prime Minister of Ukraine said.