KREMENCHUK, Sept. 5 - Kriukov Car Building Works (KCBW, Poltava region) says it intends to reduce its workforce due to a fall in production.

KCBW Chairman Yevhen Khvorost said that around 500 people would be dismissed.

KIEV, Sept. 5 – UniCredit Bank on September 3 received a permit from the National Bank of Ukraine to reorganize via merger with Ukrsotsbank (part of the UniCredit Group).

According to an official report of UniCredit Bank, the commission for reorganization created in line with a decision of August 5, 2013 of the only shareholder in UniCredit Bank – Italy's UniCredit SpA – has started operating.

KIEV, Sept. 4 – Donetsk, Lviv, and Odessa railways, after a state procurement procedure to receive financial leasing services to buy electric locomotives, have signed agreements with Premier Leasing LLC on supply 350 locomotives as a part of the implementation of a program on the upgrade of their locomotive fleets, the State Railway Administration (Ukrzaliznytsia) reported.

KIEV, Sept. 4 - The Energy and Coal Industry Ministry has retained excise duties on gasoline and diesel fuel for the first 10-day period of September at the basic excise duty.

KIEV, Sept. 5 – The introduction of a recycling tax on vehicles imported from Russia proposed by Prime Minister Mykola Azarov in response to similar actions by Russia could result in a violation of international obligations and prompt action from Russia and other trade partners, Andriy Zablotsky, the head of the international trade department at Volkov&Partners law firm, told Interfax-Ukraine.

KIEV, Sept. 5 – Ukrainian bankers believe that the weakening of the hryvnia exchange rate is situational and they hope that the National Bank of Ukraine will sell the foreign currency from its reserves, which the market requires.

KIEV, Sept. 5 - Ukraine should sue Gazprom to get lower natural gas prices following a probe by the European Union into alleged unfair price-setting practices by Russian company, Emergency Minister Viktor Baloha said Wednesday.

KIEV, Sept. 5 - Ukraine started production of natural gas from two new major deposits on Wednesday in a bid to reduce reliance on gas imports from Russia and to enhance its energy security.

KIEV, Sept. 2 – Ukrainian coal producing companies January through August 2011 boosted coal output by 9.8%, or by 4.825 million tons, year-over-year, to 54.049 million tons, the Energy and Coal Ministry reported.

KIEV, Sept. 2 - Most Ukrainian mining companies reduced iron ore pellet production but raised concentrate production in January-August 2011.
Poltava Mining, the core asset of the London-listed Ferrexpo plc, reduced commercial pellet production 1.2% year-on-year to 6.456 million tons, but raised concentrate production 0.7% to 7.485 million tons.