KIEV, Oct. 19 – The International Monetary Fund will monitor the compliance of the indicators of Ukraine's national budget with the fiscal requirements of the IMF-Ukraine cooperation program in the frames of the first review of a Stand-By Arrangement, said Max Alier, the IMF Resident Representative in Ukraine said at an investment forum.

KIEV, Oct. 19 – The Bortnychi sewage treatment plant in Kiev has launched an upgraded rake department at the second and third blocks and two reconstructed bioaeration tanks, which would lead to the considerable reduction of odor from the plant.

KIEV, Oct. 20 – The target of 7% for photovoltaics (PV) in electricity generation in Ukraine by 2020 would be ambitious, says Barbara Rudek, Manager Strategy & Governmental Policy Affairs at Sharp Energy Solution Europe.

KIEV, Oct. 20 – Domestic medicine is being ousted from the market by Asian products in Ukraine, according to Volodymyr Bortnitsky, an advisor to the chief state inspection for medicine quality control at the Ukrainian Health Ministry.

KIEV, Oct. 20 – The growth of the deficit of Ukraine's balance of payments in September slowed compared to August, which supported, to a certain degree, the forex rate of the hryvnia, said Valeriy Lytvytsky, the head of the group of advisors to the governor of the National Bank of Ukraine.

KIEV, Oct. 21 – A moratorium on the increase of prices and tariffs for medicine and medical products imposed for the period of the financial crisis by Parliament may cause a shortage of medicine in the country, according to Kiev-based Arterium Pharmaceutical Corporation.

KIEV, Oct. 21 – The debt of municipal heat supply companies to Gaz Ukrayiny for natural gas consumed since the start of the previous heating season (from Oct. 1, 2008) totals UAH 2.54 billion, and the level of its payment is 72%, the company reported on Tuesday.

KIEV, Oct. 21 – Ukraine’s banks have started cutting interest rates on short-term deposits in hryvnias and on one-year deposits in foreign currency, representatives of commercial banks told Interfax-Ukraine.

"One cannot say that now a common trend of interest rate falls in banks is seen. It's likely that the trend is the following: some large banks launched short-term deposit products in hryvnias with interest rates that were higher than those on the market, and now they have fallen to a market level.

KIEV, Oct. 21 – Ukraine and Belarus have prolonged a contract on commercial supplies of two billion kWh of electricity in 2010, the press service of First Deputy Prime Minister Oleksandr Turchynov reported.

KIEV, Oct. 21 – Ferrero Group, the world’s No. 4 confectionary producer, is in a fierce legal battle with a Russian company as it tries to protect the use of its trademark in Ukraine.

The case, involving Ferrero and Landrin of St. Petersburg, will be heard by the Supreme Economic Court on October 27 and will send a signal whether Ukraine can protect intellectual property.