KYIV, July 4 – Kyiv-based PrivatBank and UnionPay International of China have signed a memorandum of strategic partnership.

The document was signed by Chairman of PrivatBank's Board Petr Krumphanzl and China UnionPay President Shi Wenchao in Kyiv on Wednesday, an Interfax-Ukraine correspondent said.

KIEV, July 4 - President Petro Poroshenko has signed a law on the promotion of the used car market, which until January 1, 2019 significantly reduces excise duty on imports of such cars by individuals or legal entities under the condition of imports of one car per year, presidential spokesman Sviatoslav Tseholko said.

KIEV, July 4 - The shadow economy in Ukraine decreased to 40% of GDP in 2015 from 43% of GDP in 2014, the Economic Development and Trade Ministry reported.

KIEV, July 5 – The price of electricity in Ukraine is lower than the average European price both for industrial consumers and households, said Dmytro Vovk, head of the National Commission for Energy, Housing and Utilities Services Regulation.

KIEV, July 5 – Prime Minister Volodymyr Hroysman and Japanese Ambassador to Ukraine Shigeki Sumi count on the successful implementation of the project for the reconstruction of Bortnychi Aeration Station to which Japan has contributed about $1 billion.

KIEV, July 5 - ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) has opened its eighth steel products warehouse in Dnipro.

The company said it plans to ship over 3,000 tons of steel products per month from the facility.

KIEV, July 3 – Ukrainian companies have received the right to export around 5,000 items of goods under a duty-free regime to the United States, the Economic Development and Trade Ministry reported.

KIEV, July 2 – The European Bank for Reconstruction and Development is ready to discuss Ukraine's proposals to help the country conduct privatization, and is also ready to assist regarding supplies of natural gas from the European Union, EBRD President Suma Chakrabarti told reporters after a meeting with the Ukrainian president and prime minister in Kiev.

KIEV, July 3 – Holders of loan participation notes of Britain's Ferrexpo Plc with assets in Ukraine, due on April 7, 2016 in the amount of $285.669 million, have approved an exchange offer to replace the notes with notes that will mature on April 7, 2019 with $100.005 million paid in cash.

KIEV, July 3 - Ukraine should move to establish flexible exchange dynamics within a currency corridor, says the annual presidential message to the Ukrainian parliament.

"Currency stability requires rejecting the use of artificially pegging the hryvnia to the U.S. dollar as an anti-inflationary measure and moving to a flexible exchange rate dynamic within a currency corridor," the document says.