KIEV, Nov. 23 – Ukraine's GDP fell by 11.8% in January-October 2015 year-over-year, while in January-September it fell by 13%, he Economic Development and Trade Ministry reported.

"The pace of the past months shows that stagnation processes in Ukraine linked to economic and geopolitical shocks has finished, and the country has switched to the new phase of economic development – restoration," the ministry said on Monday.