KIEV, Oct. 22 – Kyivstar GSM believes that a presidential decree blocking a cabinet resolution on the conversion of radio frequency bands for the introduction of 3G mobile communications will adversely affect the development of the telecoms industry and the economy in the country in general.

MOSCOW, Oct. 22 – The stabilization of the economic situation in Ukraine requires the political and macroeconomic stability of systematic reform to improve the business climate, Ukrainian and Russian experts said on Thursday in Moscow at a conference organized by Rinat Akhmetov's Effective Management Foundation and Vedomosti newspaper.

KIEV, Oct. 24 – The Antimonopoly Committee has permitted SBF Southeast European Holdings B.V. (Amsterdam), part of SigmaBleyzer group, to buy over 50% of Kiev-based Sumatra-Ltd., owner of Kosmo retail chain, which sells cosmetics, perfumes and pharmaceutical products.

KIEV, Oct. 24 – An August New York arbitration court ruling on the conflict between the shareholders in Kyivstar GSM - Russia's Alfa-Group and Norway's Telenor - cannot be ratified and enforced in Ukraine, the Pechersk District Court in Kiev on Oct. 5 declared, according to a press release by Alfa-Group subsidiary Storm Ltd.

KIEV, Oct. 25 – The Higher Economic Court of Ukraine has ruled invalid agreements on the purchase of land plots on the territory of the state International Boryspil airport by AeroSvit-Ukrainian Airlines.

KIEV, Oct. 25 - Ukraine, one of the world’s largest consumers of natural gas, will probably reduce gas consumption by 5.83% this year, reflecting warmer weather and energy conservation efforts, the government reported Thursday.

KIEV, Oct. 25 - Ukraine and the Russian republic of Tatarstan have made no progress so far in talks aimed at resumption of crude supplies to Ukraine’s largest oil refinery, Tatarstan’s oil company Tatneft reported Thursday.

KIEV, Oct. 24 - Bogdan Corporation and Zaporizhia Automobile Plant (ZAZ) have begun building a new plant in Russia to produce cars, trucks and buses.

LONDON, Oct 25 ??“ Mittal Steel??™s purchase of Ukraine??™s largest steel mill was certainly a boon for Ukraine??™s government, but some industry analysts have questioned whether or not Mittal can afford it and whether the price paid was too high, given that it was for a company that does not publish financial records.

KIEV, Oct. 25 - Naftogaz Ukrayiny, the national oil and gas company, will push for a major increase in price of natural gas price sold to consumers across the country, an official at Naftogaz said Tuesday.