KIEV, Aug. 3 – Ukraine could cut long-lasting dependency on Russian energy if the country actively develops long-term cooperation with the European Union in energy saving industry, Simon Pirani, a Senior Research Fellow at the Oxford Institute of Energy Studies, said in an article for the Dzerkalo Tyzhnia (Mirror Weekly) newspaper.

KIEV, Aug. 3 – Energy Company of Ukraine President Volodymyr Zinevych said that he doubts there will be a successful privatization of state stakes in 14 regional electricity supply companies in 2009, which were transferred to the statutory capital of the holding.

KIEV, July 31 - Fitch Ratings has downgraded Naftogaz's Long-term foreign and local currency Issuer Default ratings (IDRs) to 'CC' from 'B-'.

According to a Fitch statement, both ratings remain on Rating Watch Negative (RWN).

KIEV, July 31 – Bogdan Corporation, one of the largest operators on the car market in Ukraine, has indefinitely suspended the construction of a bus plant in Russia that was to have been started in H2, Bogdan Corporation Press Secretary Serhiy Krasulia told Interfax-Ukraine.

KIEV, July 31 – Ukraine has prolonged for two months an antidumping investigation into syringe imports from Spain, Germany, China, Britain, and Northern Ireland, which was started on July 23, 2008.

KIEV, July 31 – Japan's Sumitomo Electric Wiring systems, one of Sumitomo's subdivisions, has decided to close as of Sept. 2 a Chernivtsi-based facility for the production of wiring for Nissan cars, which was launched at the Kvartz plant in 2008.

KIEV, Aug. 3 – The Antimonopoly Committee has permitted InterContinental Overseas Holding Corporation (Wilmington, the United States) to take over the management of the property of Kiev-based Hotel Management Ltd.

KIEV, Aug. 1 – A new contract between EnergoAtom, the state-owned operator of all four Ukrainian nuclear power plants, and Russia's OAO TVEL on supplies of fresh nuclear fuel after 2010 is to be signed by late 2008, said Yuriy Nedashkovsky, EnergoAtom's president.

KIEV, Aug. 1 – The 2.5% increase in expenses of the 2008 national budget approved by Parliament will moderately increase inflation pressures, according to the head of the group of advisors to the head of the National Bank of Ukraine, Valeriy Lytvytsky.

KIEV, Aug. 1 - A joint venture led by Vanco Energy, an independent U.S. oil company, said Friday it will not suspend its lawsuit against Ukraine until the government starts real consultations to settle its license dispute.