The main item of increase in reserves was the receipt of loans and grants in favor of the government for budget support, which amounted to more than 336.2 million euros. Including – the first tranche of the European Commission under the Growth Plan (out of 1.9 billion) in the amount of 270 million euros. As well as a loan from the European Investment Bank in the amount of 10 million euros, a grant from the European Commission in the amount of 50 million euros, as well as loans and grants for investment projects in the amount of 6.2 million euros.
In addition, the increase in reserves was contributed to the income from the management of foreign exchange reserves (13.14 million euros), the revaluation of securities in the NBM investment portfolio (2.57 million euros), net inflows to the accounts of the Office for the Management of External Assistance Programs and other net inflows, including from currency swap operations in the domestic foreign exchange market.
At the same time, during the reporting period, the decrease in the official reserve assets was due to the depreciation of the currencies included in the foreign exchange reserves against the euro (€82.58 million); trade interventions (€29.10 million); payments related to the servicing of external public debt (€17.21 million). The balance sheet was also affected by net outflows related to the mandatory foreign exchange reserves of licensed banks (€3.89 million) and payments by the Ministry of Finance (€2.97 million).
