KIEV, Feb. 15 – The shadow economy in Ukraine in January-September 2016 totaled 35% of GDP, which is 5 percentage points less than a year ago, the Economic Development and Trade Ministry reported.

The ministry said that narrowing of the shadow market is the result of retaining relative macroeconomic stability. In January-September 2016 real GDP grew by 1.3%, inflation was 6.4% compared to 41.4% year-over-year with the hryvnia devaluation by 12.2% compared to 39.5% a year ago.