KIEV, Aug. 28 – The national Naftogaz Ukrayiny has denied that its deferred tax payments, which have been approved by the cabinet, will lead to a shortfall in revenues to the social part of the national budget of Ukraine, the company said on Monday.

KIEV, Aug. 28 - Ukraine’s only producer of primary aluminum, ZALK, may suspend production as the company has been facing losses due to high cost of power, a top regional official said Tuesday.

KIEV, Aug. 28 ??“ Eurocar, Ukraine??™s No. 2 car producer that assembles Volkswagen Group cars in Ukraine, boosted output year-on-year by almost 130% in January through July 2006, to 11,055 cars, the company reported.

KIEV, Aug. 28 ??“ Ukraine will accelerate the project of building a $180 million new terminal at Boryspil, Kiev??™s main international airport, Deputy Prime Minister and Finance Minister Mykola Azarov told Japanese Ambassador Mutsuo Mabuchi.

KIEV, Aug. 28 ??“ A Swedish private equity fund that manages 350 million euros in assets will acquire 6.74% stake in Nadra Bank, one of Ukraine??™s fastest growing banks, for $45 million, the company reported.

KIEV, Aug. 28 ??“ Ukraine??™s second largest oil refinery, Linos, owned by Russian oil major TNK-BP, will shut down operation on Oct. 15 for a 45-day maintenance, a company spokeswoman said Monday.

KIEV, Aug. 28 ??“ OTP Bank, a major Hungarian bank that is acquiring Raiffeisenbank Ukraine (RBU), plans aggressive expansion next year by effectively doubling the number of branches, OTP Bank Deputy CEO Laszlo Wolf.

KIEV, Aug. 28 - Ukraine??™s third-largest oil and gas producer ChornomorNaftoGaz started drilling the first natural gas well at Odessa gas condensate field offshore the Black Sea, the company??™s press service reported.

KIEV, Aug. 26 - Ukraine's government prevailed in alegal battle over Nikopol Ferroalloy Plant, a huge ferroalloy maker, after a court ruled Friday privatization two years ago was illegal, thus returning the majority stake to the state.

ODESSA, Aug. 26 - Large foreign companies, including the Ofer Group of Israel, European Mayers and CMN, as well as Itochu Corp. of Japan have shown interest in a $1.5 bln project for the development of the Odessa sea port.