KIEV, July 19 – A $50 million project to create an oil refining complex is to be realized near the Oktiabrsk specialized port (Mykolaiv region), the Mykolaiv Regional Administration has reported.

KIEV, July 19 - Ukraine has more than doubled power generation by renewable energy sources, including solar, wind and biofuel power plants, in the first half of the year, the Energy and Coal Industry Ministry reported Friday.

KIEV, July 20 – The State Property Fund has asked that the financial reports of Zakhidenergo, Kyivenergo and Zakarpattiaoblenergo give the value of the state-owned stakes in these companies that are to be put up for sale in August.

KIEV, July 21 - Zaporizhtransformator (ZTR) is planning to launch eight transformers at the solar power plants of Spain's Abengoa Group by late 2011, and four of them have already been installed, the company reported on Thursday.

KIEV, July 21 – Around 1% of the medicine sold in Ukraine sold is fake or of low quality, State Service for Medicine Chairman Oleksiy Soloviov said.

He that the low quality medicine comes mainly from Southeast Asia. He said that the fake medicine is sold in large volumes and advertised on TV.

KIEV, July 20 – Moody's Investors Service confirmed ratings on the notes of two Ukrainian residential mortgage-backed securities and asset-backed securities transactions.

KIEV, July 21 – The growing of any genetically modified plants in Ukraine is illegal, as there have been no official applications to grow the said plants, according to the Environment Protection Ministry.

KIEV, July 21 – ArcelorMittal, the world’s largest steel producer, acquired Beryslav Construction Materials Plant in Ukraine to supply limestone to its Ukrainian steel making unit, the company reported Wednesday.

ArcelorMittal did not disclose the deal's price tag.

KIEV, July 21 – The government allocated 50 million hryvnias from the stabilization fund for the disposal of solid fuel from SS-24 intercontinental ballistic missiles at Pavlohrad chemical plant.

The National Space Agency of Ukraine was selected the main manager of the funds.

KIEV, July 20 - Steel and pig iron production in Ukraine will grow 14% in July to 2.65 million tons and 2.3 million tons, respectively, while the output of rolled products will grow 10% to 2.24 million tons, Industrial Policy Minister Volodymyr Novytskyy told the government newspaper Uriadovy Courier.