KIEV, Feb. 27 – Ukraine's real GDP in January 2013 fell by around 0.5% compared to January 2012, the National Bank of Ukraine reported.

"The pace of real GDP in January 2013 was in line with the pace of the basic sector production index. The statistics, analysis and projection department said that the fall in real GDP slowed, to some 0.5% year-over-year," reads the report.

The central bank said that in January the economic situation slightly improved – the fall of the basic sector production index slowed from minus 4% in December year-over-year to minus 1.6% in January.