DONETSK, July 2 - Development of shale gas in Ukraine holds great promise, First Deputy Prime Minister Andriy Kliuyev told journalists.

"We are starting to work on coal-bed methane, which is a separate program. Now new technology has appeared to extract not only coal-bed methane but shale gas," he said.

KIEV, July 2 – The National Bank of Ukraine sold $100 million on the interbank currency market Thursday due to situational demand on the currency caused by preparations of National JSC Naftogaz Ukrayiny to the scheduled monthly payment for Russian natural gas, Valeriy Lytvytsky, head of the NBU Advisers Group, told Interfax-Ukraine.

KIEV, July 2 -- Rapid loan growth, tight liquidity and capitalization and modest performance are undermining the credit profiles of most Ukrainian banks, according to a report issued by Fitch Ratings.

KIEV, July 4 – The National Bank of Ukraine on Wednesday strongly denied speculation it may be preparing to appreciate the hryvnia against the U.S. dollar due to an increasing inflow of hard cash.

KIEV, July 2 - Ukrainian national oil and natural gas company Naftogaz Ukrayiny has reiterated allegations that Russian oil company Tatneft has illegally transferred an 18.3% stake in Ukrainian oil company UkrTatNafta to two other companies.

KIEV, July 2 - Baltic International Bank (Latvia) plans to open a representative office in Kiev in autumn 2007.

ASHGABAT, June 3 - Turkmenistan's plans to dramatically increase natural gas prices are not aimed at destabilizing the situation in Russia or Ukraine, the Turkmen Foreign Ministry said in a statement Monday.

KIEV, July 4 - The Ukrainian government, which oversees the country??™s power sector, moved to increase prices for power that is exported to some European countries by 56% later this month, the government said in a statement Tuesday.

KIEV, July 4 ??“ The government expects a further decline in Ukraine??™s coking coal production this year as high rail tariffs discourage exports and Mittal Steel Kryvy Rih, the country's biggest steelmaker, increases imports.

KIEV, July 4 ??“ AutoKrAZ Holding Company of Kremenchuk, Poltava region, Ukraine's only producer of trucks, invested about UAH6 million in H1 in upgrading production to improve the quality of its output and bring it to world standards.