KIEV, Oct. 4 - Ukraine's State Property Fund and ArcelorMittal have signed an updated agreement to fulfill the investment obligations that the steel major assumed when it bought 93.02% of Kryvorizhstal in 2005, but which were amended in 2009 due to the economic crisis.

KIEV, Oct. 5 – Representatives of the General Authority for Supply Commodities of Egypt (GASC) have said that the country could resume supplies of wheat from Ukraine, according to a posting on the Web site of the Ukrainian Agrarian Confederation (UAC).

KIEV, Oct. 4 – The deficit of Ukraine's current account in August 2011 rose by 84% compared to July 2011 and by 85% compared to August 2010, to $1.023 billion, according to the National Bank of Ukraine.

KIEV, Oct. 4 – The European Business Association (EBA) has come out against the State Tax Service which denies the taxpayer's right to include in gross expenditures the negative value of taxation object calculated upon the results of the previous fiscal periods.

KIEV, Oct. 4 – Ukraine is ready to start gas supplies through its territory to Austria after the completion of the construction of a liquefied natural gas terminal in Odessa region, Prime Minister Mykola Azarov said.

KIEV, Oct. 5 – SCM, the largest holding company in Ukraine, has decided to build a media group based on the Ukraina TV channel.

According to a press release of the holding, the group, along with the Ukraina national channel, includes the Futbol sports channel, the Donbass regional channel, Mediapartnerstvo (a sales house which holds exclusive rights to sell advertising time on TV channels operating under the umbrella of the Media Group) and Internet Holding Digital Ventures (the TOCHKA.net portal).

TOKYO, Oct. 5 – Lakshmi Mittal, the head of the largest steel company in the world, ArcelorMittal, is satisfied with his company's relations with the new Ukrainian government and has expressed hope that the situation around ArcelorMittal Kryviy Rih (earlier Kryvorizhstal, Dnipropetrovsk region) will be resolved, taking into account the interests of the foreign investor.

TOKYO, Oct. 4 – The Ukrainian metals and mining sector has serious problems due to its excessive metal exporting, reaching 75% of output, according to Ian Christmas, director general of the World Steel Association (WSA, formerly the International Iron and Steel Institute or IISI).

KIEV, Oct. 4 – Changes in the simplified taxation system foreseen in the draft Tax Code will increase the tax burden on companies almost fivefold compared to the start of 2010, and many could close, according to experts polled by Interfax-Ukraine.

KIEV, Oct. 2 – Stricter controls over the quality of insurance assets by the State Commission for regulating financial services markets will cause several insurance companies to close every week, Commission Chairman Viktor Suslov told reporters on Friday.