KIEV, May 26 – The Ukrainian cabinet has allocated UAH250 million to reimburse defaulted Soviet-era deposits in Sberbank and Gosstrakh.

A total of UAH 87million would be sent to depositors who have not received refunding of no more than UAH1,000 per depositor, as foreseen in a cabinet resolution of Jan. 9, 2008, in the order that they submitted information to the register of defaulted Soviet-era depositors.

KIEV, May 27 – Rivneazot, one of the largest chemical companies in Ukraine, has had to cease operation of its sewage treatment plants due to the full stoppage of natural gas deliveries to the company, a source at the company told Interfax-Ukraine on Tuesday.

The source said that the plant treated around 70% of the sewage in Rivne.

"The present situation is critical," he said.

KIEV, May 28 – The wage debt in Ukraine as of May 1 fell by 18.5% compared to early April, Labor and Social Policy Minister Liudmyla Denisova said at a briefing in Kiev on Wednesday.

KIEV, May 28 – Ukraine could expect for another wave of the banking liquidity crisis this fall, according to Ukrainian businessman and UPEK Industrial Group President Anatoliy Girshfeld.

"The problem of bad credits has not been taken off the agenda, it would only come to the fore... The next wave of the banking liquidity crisis will be linked with the accumulated non-return of credits, and it should be discussed in the fall of 2009.

RIVNE, May 28 – Around 40% of the employees of Rivneazot, or 2,000 people, may lose their jobs due to what critics say is the political pressure by the government and Naftogaz Ukrayiny via the cutoff of natural gas deliveries to the plant, a source in Rivne city council said.

BRUSSELS, May 28 – The European Commission is satisfied with the actions of the Ukrainian government aimed at continuing the growth of the country's GDP and reducing inflation.

KIEV, May 28 – The existing exchange rate forecasts of the Council of the National Bank of Ukraine are underestimated and too wide, according to Valeriy Lytvytsky the head of the group of advisors to the NBU chairman.

KIEV, May 27 – The World Bank may lend Ukraine from $300 million to $400 million before July 2009 to support its development strategy, the World Bank Country Office in Ukraine said.

KIEV, May 27 – Foreign direct investment (FDI) in Ukraine in 2008 could grow to $10 billion, while in Q1 total FDI was $2.4 billion, Executive Director on Economic Issues of Ukrainian National Bank Ihor Shumylo said in an interview with Interfax-Ukraine during the first Ukrainian investment forum "Investments in construction and real estate" in Kiev on Tuesday.

KIEV, May 27 – Sandora Company, a major juice producer in Ukraine’s Mykolaiv region, has installed two new tetra pack juice production lines, allowing the company to expand its production capacities by 10%.