KIEV, Feb. 24 – Parliament after a repeat second reading has passed draft law No. 9337 on the specifics of creating a state joint-stock company for public railway transport and draft law No. 9377 on amending the law of Ukraine on railways.

KIEV, Feb. 24 - Russian oil major TNK-BP plans to shut down its Lisichansk Oil Refinery in Ukraine next month because the business has remained unprofitable for the past two years, the company said in a statement Friday.

PRAGUE, Feb. 24 - Energy holding New World Resources (NWR), Central Europe's sole listed coal miner, sees the proposed acquisition of a 24.99% stake in Ukrainian iron ore and pellet producer Ferrexpo as key to its regional growth strategy, CFO Marek Jelinek said in an interview Tuesday, adding the economic crisis could present further attractive opportunities in that emerging market.

KIEV, Feb. 24 – Ukraine's national nuclear power generating company EnergoAtom will act as an ordering customer for the construction of power units 3 and 4 at the Khmelnytsky Nuclear Power Plant.

KIEV, Feb. 26 – Ukraine should not raise its spending on education and healthcare, but use the existing funds more efficiently, the World Bank recommended in a new economic report on Ukraine's public finances.

KIEV, Feb. 25 – UkrNafta, Ukraine's largest oil producer, on Feb. 25, 2008 suspended the sale of light fuel through its own filling station chain, which unites 563 stations, due to the absence of fuel resources, the company reported on Monday.

KIEV, Feb. 26 – Waste nuclear fuel storage facility two at the Chernobyl Nuclear Power Plant could be launched in 2010, according to Emergencies Minister Volodymyr Shandra.

KIEV, Feb. 26 – A transfer to inflation targeting would allow the National Bank of Ukraine to efficiently fight inflation and provide better conditions to support macro-economic stability, Balazs Horvath, resident representative of the International Monetary Fund in Ukraine, said in an interview with the Dzerkalo Tyzhdnia weekly newspaper published last week.

KIEV, Feb. 23 ??“ Ukraine's economy will expand 6% on the year to about $110.2 billion in 2007, while inflation will be 10.5%, according to a report by Moody's Investors Service.

KIEV, Feb. 26 ??“ Interpipe, Ukraine??™s largest producer of steel pipes and train wheels, will build a $610 million steelmaker within the next 26 months to reduce costs, a company announced Monday.