KIEV, Jan. 19 - Each year Ukraine exports around $1.8 billion worth of its goods via Russia, but Kiev hopes the negative effects from the transit restrictions Moscow has introduced since the beginning of 2016 will be minimized thanks to alternative new transit routes, said Aivaras Abromavicius, Ukraine's Minister of Economic Development and Trade.

KIEV, Jan. 19 – Naftogaz Ukrayiny expects to meet with Russia's OAO Gazprom by the end of January to discuss new gas transit rates in connection with the introduction of the new "ship-or-pay" rate formation principle in Ukraine from 2016, Naftogaz CEO Andriy Kobolev said.

KIEV, Jan. 20 - The volume of construction work in Ukraine, excluding the occupied territory of Crimea and Sevastopol, in 2014 decreased by 21.7% compared to 2013, while the decline in December 2014 compared to December 2013 was 39.8%.

KIEV, Jan. 21 – Three Cypriot companies – minority shareholders in Ukrnafta – have demanded that Ukraine pay $5 billion in compensation for the actions of the Ukrainian government and the state-owned Naftogaz Ukrayiny.

KIEV, Jan. 21 – The National Bank of Ukraine has drawn up several legislative initiatives aimed at, among other things, facilitating mergers and acquisitions and removing toxic assets from bank balance sheets.

KIEV, Jan. 21 – The National Bank of Ukraine monetary committee will consider an increase of the refinancing rate at its meeting scheduled for late January, First Deputy NBU Governor Oleksandr Pysaruk said.

KIEV, Jan. 21 – The European Bank for Reconstruction and Development has worsened its forecast for the reduction in Ukraine's GDP in 2013 from 0.5% to 0.8%, while maintaining the forecast for economic recovery in 2014 at 1.5%.

KIEV, Jan. 20 – The European Bank for Reconstruction and Development reduced investment in Ukraine by 12.2% in 2013, to EUR 820 million.

KIEV, Jan. 21 – State support for the agricultural sector in the 2014 budget for 2014 is considerably higher than in 2013, The Finance Ministry said.

The ministry reported that UAH 900 million is foreseen for the development of cattle breeding this year, compared with UAH 650 million last year.

KIEV, Jan. 21 – The State Property Fund plans to sell Odessa Port-Side Plant (in which the state owns a 99.5667% stake), Turboatom (75.2241%), Azovmash (50%) Sumykhimprom (99.9952%).