KIEV, Nov. 4 – The National Bank of Ukraine has improved its estimate of gross domestic product dynamics in 2014 from a fall of 9% to a decline of 7%, NBU head Valeriya Gontareva told reporters.

"The National Bank can say that from the beginning of the year - for the first nine months – the fall in GDP was minus 3.5%. Maybe statistics data will be even better, as far as we know from the Statistics Service," she explained to journalists one of the reasons for revising the forecast.