Denis Voroshilov. The European Bank for restoration and development (EBRD) has lowered its forecast for the decline of Ukraine's GDP in 2015 to eleven. 5%, and reported in the annual forecast of the EBRD.

in may, the organization predicted reduction of the Ukrainian economy is 7.5%, in June, several media outlets reported that the forecast drop in the country's economy this year worsened to 9%.

"in addition, Ukraine in 2016 will rise. The economy might reach bottom by the second half of this year and will take the path of gradual recovery. The IMF program for Ukraine is implemented, " the document says.

in opinion of authors of the report, the sharp drop in oil prices, and recession in Russia, where the production forecast for 2015 will be reduced by 4, 2%, and in 2016 - 1, 2%, will have an impact on the increase in Eastern Europe, Caucasus and Central Asian regions.

at the end of October, "Naftogaz of Ukraine" and EBRD signed the agreement for the provision of credit in the amount of 300 million dollars for the purchase of gas by Ukraine. These funds allow us to purchase about 1 billion cubic meters of gas on the Western border of Ukraine.

sections: Politics