Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

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Economy Ministry expects economy reduction by 3% in Q4, 2020.

The Ministry for Development of Economy, Trade and Agriculture expects Ukraine's economy to contract by 3% in October-December 2020 compared to the same period a year earlier, Economy Minister Ihor Petrashko has said.

"We have already begun to see economic stabilization ... The decline in the third quarter remained at 3% of GDP and 3% of GDP is expected in the fourth quarter," he said at a press conference in Kyiv.

According to the State Statistics Service, the decline in Ukraine's GDP in the third quarter of 2020 slowed down to 3.5% from 11.4% in the second quarter. In the first quarter this year it was 1.3%, while in the fourth quarter of 2019 there was an increase of 1.5%, in the third quarter 3.9%, in the second quarter 4.7% and in the first quarter 2.9%.

Petrashko specified that the Ministry of Economy maintains the April forecast for a 4.8% drop in GDP over the year and expects the economy to grow by 4.6% in 2021.

Tags: #economy #petrashko

RegioJet operates its first trip on Prague-Chop route.

RegioJet operates its first trip on Prague-Chop route.

The Czech railway operator RegioJet performed its first trip on the Prague-Chop route. The overnight train from Prague with 120 passengers on board arrived at the Chop station on schedule at 10:35 Kyiv time, the railway operator's press service re...

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Live: Baltimore bridge collapse: 2 people rescued, at least 7 missing.

Live: Baltimore bridge collapse: 2 people rescued, at least 7 missing.

Officials report about 20 people were in the water after a container ship struck the Francis Scott Key Bridge in Baltimore, causing multiple vehicles to fall into the Patapsco River. Live stream courtesy of StreamTime Live Subscribe to Fox News! W...

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Watch Business Live with Ian King: Grocery price inflation falls to its lowest level in two years.

Watch Business Live with Ian King: Grocery price inflation falls to its lowest level in two years.

Join Ian King as he tackles the biggest business and economic stories, with reports and interviews live from our studios in the heart of London. Today's top business stories... 🟢 Grocery price inflation falls to 4.5% - its lowest level for two yea...

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Baltimore Bridge collapse: Locals 'terrified' & 'shaken up'.

Baltimore Bridge collapse: Locals 'terrified' & 'shaken up'.

Alex Del Sordo who runs the Hard Yacht Cafe in Baltimore has told Sky News that the bridge collapse in the city has been a terrifying experience with locals "shaken up" from the incident. The Francis Scott Key Bridge fell into the river after a ca...

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How long can a person survive in cold water? CNN explains.

How long can a person survive in cold water? CNN explains.

CNN meteorologist Derek Van Dam breaks down how cold water conditions in the Patapsco River could impact a rescue operation after the Francis Scott Key Bridge in Baltimore collapsed when it was struck by a cargo ship. #CNN #News

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We'll be living with this threat for decades, ex-FBI official warns.

We'll be living with this threat for decades, ex-FBI official warns.

Former FBI Assistant Director Chris Swecker joined 'America's Newsroom' to discuss his reaction to the Mexican president's remarks and the border chief's warning on a terror threat stemming from the southern border. #FoxNews Subscribe to Fox News!...

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Pakistan-Afghan tensions rise over border attacks - DW News.

Pakistan-Afghan tensions rise over border attacks - DW News.

Officials in Pakistan are reporting a surge in the number of terror-related incidents. Pakistan says the majority of them are carried out by militants based in Afghanistan. The de-facto Taliban government there denies being involved. Tensions betw...

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