The Ukrainian government forecasts an economic contraction this year at 5%, said on the last working day of the week Prime Minister Arseniy Yatsenyuk.

he said that the country's GDP will fall by 3%. EBRD predicts a decrease of economy of Ukraine on 7%and Fitch - 5%.

" We expect this year the decline of the economy minus 5%, but all will be in dependence from that, how will the events develop in the East of Ukraine, " said Yatsenyuk, speaking with the report in Parliament.

according to him, the government has made several positive steps to stabilize the economy, but they are insufficient. The Prime Minister also said that the Cabinet and wish to take unpopular decisions.

The Parliament of Ukraine in January this year adopted the state budget of the country for the 2014. Lack of budget was planned at the level of 4, 3% GDP, economic growth - 3%, inflation - 4, 3%.

sections: Politics