KIEV, Aug. 20 - Privat, the diversified business group that owns Privatbank, Ukraine's largest commercial bank, will spend $100 million to buy a 40% stake in Studio 1+1, the country's second most popular television network, the group's co-owner said.

KIEV, Aug. 19 ??“ Mobile communications operators UMC will overtake rival Kyivstar to become the official sponsor of Ukraine??™s National Olympics Committee, NOC President Serhiy Bubka announced, according to Interfax-Ukraine.

KIEV, Aug. 21 - Raiffeisen International Bank Holding AG, Austria's largest bank, acquired a 93.5% stake in Aval, Ukraine's second largest commercial bank, completing several months of talks, the bank said in a statement released Sunday.

KIEV, Aug. 18 - The Industrial Union of Donbas' key producers - Alchevsk steel mill (Luhansk region) and Dzerzhynsky steel mill (Dnipropetrovsk region)- borrowed $250 million from a syndicate of
foreign banks for three years at 3.65%.

KIEV, Aug. 19 - Kherson Shipyard, which has been engaged mostly in vessel repairs for over 10 years, is now resuming independent construction of vessels.

KIEV, Aug. 19 - Incom, a leading domestic IT corporation, has opened a new facility for making computers under the Prime trademark, with a production capacity of 12,000 computers per month, Incom President Oleksandr Kardakov said on Thursday.

KIEV, Aug. 19 - Ukrainian operators of Boeing - AeroSvit, Ukraine International Airlines and Dniproavia - shall present in five days to the State aviation service of Ukraine the results of inspection of their altimeters and conditioning systems, the Transportation Ministry said.

KIEV, Aug. 19 - Donbasaero Airlines (Donetsk) is not going to cancel its flights from Kiev to Tel Aviv, the company told Interfax-Ukraine.

KIEV, Aug. 19 - Ukrainian Mobile Communications has submitted an application to National Communications Regulatory Commission to receive another network code, and plans to receive it by the year's end, UMC CEO Eric Franke said on Thursday.

KYIV, July 17 – National Joint Stock Company Naftogaz Ukraine will attract EUR 200 million from the European Bank for Reconstruction and Development (EBRD) under government guarantees to support the creation of strategic natural gas reserves.