KIEV, June 1 – Kiev Economic Court has ordered the return to state ownership of a 90.25% stake in Black Sea Shipyard (Mykolaiv).

The press service of the Ukrainian Prosecutor General's Office reported on Monday that the Prosecutor General's Office had established that there were irregularities during the privatization of the stake in the shipyard.

ODESSA, June 1 – Odessa-based Chornomorets football club and the Chinese National Machinery Industry Complete Engineering Corporation (CMCEC) have signed an agreement under which the Chinese side will finance the completion of the construction of the club's stadium and participate in the construction of a sport arena.

KIEV, June 2 – Great interest in coal-bed methane extraction is seen in Ukraine, according to BernsteinResearch Company (the United States).

"While the market is awaiting the results of drilling in Poland, Ukraine is quickly becoming a new epicenter in the issue of nontraditional gas sources," reads a company study.

KIEV, June 2 – Zaporizhtransformator (ZTR) has entered the Spanish market after signing a contract to supply two TMN-60000/220 transformers to install them at Helioenergy I&II power plants near Seville.

KIEV, June 2 - Most Ukrainian mines reduced iron ore production in January-May.

Poltava Mining, the core asset of Ferrexpo plc, cut commercial pellet production tentatively 11.1% year-on-year to 3.399 million tons, the company told Interfax. Iron ore concentrate production fell 9.8% to 4.095 million tons. PGOK exports most of its pellets.

MOSCOW, June 2 – Gazprom CEO Alexei Miller - after meeting Naftogaz Ukrayiny chairman Oleh Dubyna in Moscow – said Tuesday he had no idea how the Ukrainian company will pay for natural gas imported in May.

KIEV, June 1 -- Ukrgasbank, Rodovid Bank and Kyiv Bank remain very close to raising budget funds for additional capitalization, a government source said after a meeting of the expert and analytical council on the state's participation in banks' capitalization.

KIEV, June 1 - Moody's Investors Service has downgraded Naftogaz Ukrayiny's foreign currency corporate family rating, probability of default and debt ratings from B2 to Caa1.

The outlook on the ratings was changed to negative.

Moody's said it had now concluded the review of Naftogaz's ratings started by the agency on March 11.

KIEV, June 2 – On June 1, Kiev city’s rates on cold running water services doubled, rates on hot running water services grew by 85%, and the rates on heat supply services went up by 48.8%.

KIEV, May 30 – Lviv city state administration plans to raise EUR400 million in loans and private funds to implement the Euro-track project, which foresees the extension of European-style 1.435-meter gauge railway tracks from the Polish border in Przemysl to Lviv.