KIEV, Jan. 27 - The European Bank for Reconstruction and Development has changed its forecast for Ukrainian economic development in 2009 from the 1% growth predicted in November 2008 to a 5% decline.

The EBRD has revised its average 2009 growth forecast for 30 states where it has investments to 0.1%, compared with a prediction of 2.5% made in November last year, the bank said on Tuesday.