Raging thunderstorm strikes Moscow leaving seven dead, 69 injured — sourceWorld May 29, 18:01
MP rips Montenegrin top envoy's anti-Russia hype as lies, loyalty ‘display’ for NATORussian Politics & Diplomacy May 29, 17:44
Brazilian football stars Cafu, Lucio take Confederations Cup trophy on tour to GermanySport May 29, 17:02
Violent thunderstorm hits MoscowWorld May 29, 16:59
Russian rocket artillery to be rearmed with upgraded launchers by 2020Military & Defense May 29, 16:44
Wolf, Lynx and Tiger: Russian military vehiclesMilitary & Defense May 29, 16:36
Russia to begin trials of new military transport plane in late 2017Military & Defense May 29, 16:18
Putin and Macron hold their first meeting in VersaillesRussian Politics & Diplomacy May 29, 15:58
Putin arrives in France for first meeting with MacronRussian Politics & Diplomacy May 29, 14:58
KIEV, March 6. /TASS/. Ukraine’s industrial output declined by 21% in January 2015, Ukrainian Economic Development Minister Aivaras Abromavichus said on Friday.
"Ukraine’s GDP shrank by 14% in 2014 while industrial output fell by 10% In January 2015, industrial output contracted by 21%," he said.
The deterioration of Ukraine’s economic performance is the result of the "absence of reforms in the country in the past 25 years," the minister said.
Ukraine has lost 20% of its economic potential over the past year due to developments in southeast Ukraine, Ukrainian Prime Minister Arseniy Yatsenyuk said in late February.
"These are the losses of the industrial economy, the losses of what was exported for hard currency," the premier said in an interview with Ukrainian TV channels.
Ukraine also had to build its army anew during the year, the premier said, adding large sums of money were spent on the country’s armed forces.