KIEV, Dec. 8 – Mutual funds continued to show negative results in November, with a profitability indicator of minus 2.85% compared to the minus 11.12% registered in October, according to a study by the Kiev-based Ukrainian Association of Investment Business (UAIB).

KIEV, Dec. 8 – Protests are brewing in Ukraine because of the worsening economic crisis, according to the leader of the Ukraine Trade Union Federation, Vasyliy Khara.

"As for protest actions – they are already on their way from the state-financed employees, who are ready for them, for strikes", he told Interfax-Ukraine.

KIEV, Dec. 5 – The Association of Ukrainian Banks has called on the National Bank of Ukraine to relax requirements for the adjustment of a bank's regulatory capital by the sum of the difference between the terms of assets and liabilities.

KIEV, Dec. 5 - Ukraine's steel industry could reduce output at least 25%-30% in 2009, Volodomyr Boiko, general director of Illich Iron & Steel Works, one of the country's biggest producers, told Interfax.

KIEV, Dec. 5 – The Economy Ministry has proposed halving the unified tax on small-sized enterprises that use the simplified taxation system.

The ministry suggests cutting value-added tax (VAT) from 6% to 3% for companies that are registered as VAT payers and from 10% to 5% for those who are not registered VAT payers, reads the draft bill on the simplified taxation system, accounting and reporting for small-sized companies. The ministry published the draft bill on Friday.

KIEV, Dec. 8 ??“ The selling price of a share holding in Galychyna Oil Refinery (Lviv region) may exceed the starting price by 25-40%, experts say.

KIEV, Dec. 8 ??“ Major Ukrainian spirits producer Soyuz-Victan Company plans to enter the international financial markets through attracting foreign bank credits and, possibly by releasing eurobonds.

KIEV, Dec. 6 ??“ There were 12.2 million mobile phone users in Ukraine as of Nov. 30, more than a quarter of the Ukrainian population.

ZAPORIZHIA, Dec. 8 - Zaporizhia Auto Works (ZAZ) on Monday started serial production of the Lanos T-150, company Chairman Oleh Papashev announced.

KIEV, Dec. 7 ??“ The National Bank of Ukraine Tuesday left its key interest rates unchanged despite rapidly growing inflation, but urged commercial banks to hike interest rates on deposits.