KIEV, Feb. 12 - Ukraine's largest bank PrivatBank (Dnipropetrovsk) announced it has acquired a 75%-plus-one-share stake in the European Development and Savings Bank in Simferopol.

KIEV, Feb. 13 – The Ukrainian grain trading companies that have received grain export licenses have started shipping the first batches for export, of the Ukrainian Grain Association (UGA) President Volodymyr Klymenko told Interfax-Ukraine.

KIEV, Feb. 13 – Ukrainian banks' net profit in January amounted to UAH1.3 billion, more than double the UAH600 billion reported the same period last year, the National Bank of Ukraine reported.

KIEV, Feb. 14 ??“ Another 10 or 15 investors are currently studying the Ukrainian banking market in order to buy credit and financial institutions, according to Deputy Head of the National Bank of Ukraine (NBU) Oleksandr Savchenko.

KIEV, Feb. 14 ??“ Eurocar, a Ukrainian producer of Volkswagen Group cars, plans to boost its statutory fund by 49.5%, to UAH 135.88 million, through an additional issue of stocks worth UAH 45 million, the company has reported.

The company said that the increase in the statutory fund was put on the agenda of a general meeting of stockholders scheduled for March 27.

KIEV, Feb. 13 ??“ Hannes Snellman, one of Finland's major law firms, has decided to enter Ukrainian and Russian markets for legal services.

KIEV, Feb. 13 - Moody's Investors Service (Moody's) on Feb. 12 placed the ratings of TAS-Kommerzbank and TAS-Investbank on review for possible upgrade, the agency reported in a press release.

KIEV, Feb. 13 - The European Bank for Reconstruction and Development has allocated a five-year $85 million loan to a small Donetsk metallurgical works ISTIL Ukraine.

KIEV, Feb. 13 ??“ The Interpipe Corporation is currently holding talks on a partnership with a financial company in Russia, head of the consultation council for the corporation's stockholders Ihor Yaroslavtsev has reported.

KIEV, Feb. 14 ??“ UkrNafta, Ukraine's largest oil producer, from March 1 is to suspend hydrocarbon production at fields in Ivano-Frankivsk, Lviv and Chernivtsi regions, as well as at other fields with poor deposits.