KIEV, May 21 - Standard & Poor's Ratings Services (S&P) on May 21 raised its long-term corporate credit rating on Ukrainian railway operator – the State Administration of Railways Transport of Ukraine (Ukrainian Railways, or Ukrzaliznytsia) to 'B' from 'B-' and removed it from CreditWatch where it was placed with positive implications on May 2.

IVANO-FRANKIVSK, May 22 – The Cabinet of Ministers is to allocate UAH 280 million to finish the removal and disposal of perchlorobenzene from a toxic waste landfill in Kalush (Ivano-Frankivsk region) in 2013.

IVANO-FRANKIVSK, May 22 – The full independence of Subsidiary Potash Fertilizer Plant from OJSC Oriana (Kalush, Ivano-Frankivsk region) will allow investment to be attracted to resume the production of potash fertilizers, Ivano-Frankivsk Regional Administration head Mykhailo Vyshyvaniuk said.

KIEV, May 22 – Ukraine has started producing the first cruise engines for the fourth stage of the new European Vega light rocket, a source acquainted with the details of Ukrainian-European cooperation under the Vega rocket program said.

PAVLOHRAD, May 21 – Ukraine has reached the final stage in the implementation of its obligations under the Treaty on the Reduction and Limitation of Strategic Offensive Arms, President Viktor Yanukovych said.

KIEV, May 22 – The trade unions of the employees of Ukraine’s National Academy of Sciences of are to hold a rally on May 24 at the building of the President’s Administration and Cabinet of Ministers in protest at the catastrophic state of science in Ukraine, National Academy of Sciences Trade Union Chairman Anatoliy Shyrokov said.

MOSCOW, May 22 - The Dnepr Russian-Ukrainian program to use converted RS-20 heavy intercontinental ballistic missiles (Satan by Western classification) in space launch programs will most likely be stopped, a space industry source told Interfax-Ukraine.

KIEV, May 21 – China Petroleum & Chemical Corp. (Sinopec), the largest oil processing company in Asia, is interested in increasing cooperation with the state-run Mykolaiv-based Zorya-Mashproekt gas turbine scientific production complex.

KIEV, May 21 – Saudi Arabia plans to conclude a forward contact with Ukraine in June to buy four million tons of barley, according to the Agricultural Policy and Food Ministry.

KIEV, May 22 – The organization of high-speed railway services by Hyundai trains will lead to a revision in the price formation principles of the Ukrainian transport sector, according to MP Ihor Shkyria, head of the Association of Automobile Carriers of Ukraine (VAAP).