KIEV, Nov. 28 – Russian gas giant Gazprom told Ukraine on Wednesday to get ready for a major natural gas price hike compared with price levels previously discussed, following the company’s gas deal with Turkmenistan.

KIEV, Nov. 28 - Ukraine may hike the tariff its charges Russian gas giant Gazprom for moving gas to markets in the European Union in response to a suggested major gas price increase, Economy Minister Anatoliy Kinakh said Wednesday.

SIMFEROPOL, Nov. 27 ??“ ChornomorNaftoGaz is to start oil extraction at the Subotyne field on the Kerch shelf in the second half of 2007, ChornomorNaftoGaz's board chairman Anatoliy Prysiazhniuk said.

KIEV, Nov. 27 ??“ Ukrtelecom, the national phone company, reported net profit falling to UAH 182.33 million in January through September 2006, down from UAH 474 million in the same period last year, the company reported.

KIEV, Nov. 27 - Nadra Bank, Ukraine??™s No. 9 bank by assets, is raising a $114 million syndicated loan, up from $50 million originally planned, at a rate of Libor + 2.15%, the bank said Monday.

KIEV, Nov. 28 - AeroSvit ??“ Ukrainian Airlines and Ukraine International Airlines, Ukraine??™s two largest airlines, warned Tuesday they will be forced to increased fares in reaction to a steep hike in jet fuel.

KIEV, Nov. 28 ??“ Cherkasy-based Ukrainian Company Foton Ltd. in 2007 plans to produce 1,564 Foton trucks at the plant in Cherkasy, which is 30% more year-on-year.

KIEV, Nov. 28 ??“ Kyivstar GSM, Ukraine's largest cell phone company, said it will retain a connection fee despite the pressure from the Anti-Monopoly Committee that has been pressing to cut or to eliminate it.

KIEV, Nov. 28 - Naftogaz Ukrayiny, the state natural gas company and the major shipper of Russian gas to Europe, will launch a number of measures to make the transit more efficient, the company said Monday. The measures, which will be implemented within the next 10 years, will help Naftogaz reduce costs of gas shipments

KIEV, Nov. 28 ??“ Heidelberg Cement plans to merge its Ukrainian enterprises, Kryvy Rih Cement and Dniprocement, the German company says.