KOMSOMOLSK (Poltava region), June 1 – The project to construct Vorskla Steel is being realized slowly due to problems with borrowing funds caused by Ukraine’s low credit rating, said Ukrainian businessman Kostiantyn Zhevaho, the owner of Swiss Vorskla Steel AG and a key shareholder in Finance and Credit Group.

KIEV, June 2 – Yuzhny maritime merchant port (Odessa region) is intending to realize a development program worth $910 million by 2015, Yuriy Kruk, the head of the port, said.

The port will invest $310 million of its own funds. The port is planning to increase cargo turnover to 81.36 million tons a year, Kruk said while presenting the development plan.

KIEV, June 4 - Sumy Frunze scientific and production center, one of the world's leading producers of equipment for the oil, gas and chemicals industries, is finishing shipping equipment for a booster compressor station at the Kokdumalak oil and gas condensate field in Uzbekistan.

KIEV, June 4 – Stockholders in Ukrainian banks with foreign capital have committed to injecting $2 billion, or UAH 16.5 billion, in much-needed capital, reads the updated Memorandum of Economic and Financial Policies (MEFP), which was approved as part of Ukraine's cooperation with the International Monetary Fund.

KIEV, June 3 – Lviv-based Concern Galnaftogaz, the owner of one of the largest filling station chains in Ukraine, plans to conduct an IPO in 2009, according to the deputy head of the supervisory council of the company, Yuriy Kuchabsky.

KIEV, June 3 – Due to the strengthening of the hryvnia, contractors working on the primary real estate market in Kiev are giving up pegging their prices to foreign currencies, market analysts say.

KIEV, June 4 – Kiev Economic Court has voided invalid deals on the purchase of 9.96% and 8.36% stakes in UkrTatNafta (the Kremenchuk oil refinery in Poltava region) by SeaGroup International Inc. (the US) and AmRuz Trading AG (Switzerland).

KIEV, June 4 ??“ UkrNafta, Ukraine's largest oil producer, on June 1 stopped extraction of oil and gas at 16 wells (12 oil and 4 gas wells) on the Sakhalinske oil and gas condensate field in Krasnokutsky District in Kharkiv region, the company reported.

KIEV, June 4 - Price surges are not expected on the consumer market in Ukraine this month and the pace of economic growth will be high, according to Vadym Pischeiko, director of the economic strategy department at the Economy Ministry.

KIEV. June 1 - Kreminchuk Automotive Vehicle Assembly Plant (KrAZS),
part of the AIS corporation, has started manufacturing a light dump truck using the chassis of the Chinese FAW CA 1061 truck.