KIEV, Oct. 28 – Ukraine will issue up to UAH12.03 billion of promissory notes to restructure its debt on value added tax and up to UAH3.6 billion to pay for its budget deficit.

The decision is stipulated in cabinet resolution No. 766 of October 9, 2013, which has been posted on the cabinet's Web site.

ROSTOV-ON-DON, Oct. 28 - Russia and Ukraine are running tests in order to decide whether the production of Antonov An-124 Ruslan aircraft will resume.

KIEV, Oct. 25 – The European Bank for Reconstruction and Development has lowered its GDP growth forecast for Ukraine in 2012 to 1% from 2.5%, according to the EBRD's pre-election overview of Ukraine's economy.

The EBRD projects that average annual inflation in 2012 will be 4% against a previous forecast of 1.5%.

KIEV, Oct. 25 – Trade in commodities between Ukraine and Russia in the first nine months of 2012 hit $33.5 billion due to liberalization and facilitation of customs procedures, according to Ukraine State Customs Service Chief Ihor Kaletnik.

VINNYTSIA region, Oct. 25 - Smart-Energy, which is developing the energy business of Smart-holding, has commissioned the first phase of a pellet plant in Turbiv, Vinnytsia region.

The capacity of the first phase is 75,000 tons of pellets per year. In 2013, the plant's capacity will be expanded to 150,000 tons per year.

KIEV, Oct. 25 – Fitch international rating agency has said it is alarmed at the absence of a strategy for the development of banks that were recapitalized using budget funds, the director of the financial organizations department at Fitch, Olha Ihnatyeva, said at the Fitch Rating in Ukraine seventh annual conference in Kiev on Wednesday.

KIEV, Oct. 25 – The hryvnia exchange rate could devaluate by 10% in 2013, according to projections of Raiffeisen Bank Aval presented in its quarterly report.

KIEV, Oct. 28 - Kiev Economic Court has canceled an agreement on the sale and purchase of a 76% stake in OJSC Luhanskteplovoz Holding, which was signed with Bryansk Engineering Plant managing company (Russia) on June 29, 2010.

KIEV, Oct. 28 - Naftogaz Ukrayiny, Ukraine’s national energy company, will have to pay about $1 billion to Gazprom of Russia before Nov. 7 for gas imported in October, Yuriy Kolbushkin, deputy chairman at Naftogaz, said Thursday.

KIEV, Oct. 27 – The International Monetary Fund insists on a less drastic cut in profit tax than that foreseen in the draft Tax Code passed by Parliament at first reading, according to Vitaly Khomutynnyk, the head of Parliament's committee for tax and customs policy.