KIEV, July 19 – Naftogaz Ukrayiny and the European Bank for Reconstruction and Development have signed a memorandum on the financing of the first stage of the reconstruction of the Ukrainian gas transport system, including the Urengoy-Pomary-Uzhgorod gas pipeline.

KIEV, July 19 – From 10% to 17% of the funds of large and medium businesses are circulating in the shadow of the Ukrainian economy, the State Tax Administration of Ukraine (STAU) reported.

KIEV, July 19 - Karya Tour travel agency said that its Turkish partner Sunspot caused a $2 million loss to the company. The sum was sent by Karya Tour to its partner to reserve rooms in hotels, flights and other services, according to the Monday's Segondnya newspaper.

KIEV, July 19 – The World Steel Association has presented a list of 49 of the largest steel producers for 2009, which includes Ukraine's Metinvest, but does not include the Industrial Union of Donbas (IUD, Donetsk).

KIEV, July 19 – The latest budget revisions, which cut Ukraine’s deficit to 4.99% of GDP, down from 5.3%, have been published in the official media and taken effect.

According to the law, the budget deficit is cut by 6.3%, or by UAH 3.65 billion, to UAH 54.095 billion, including a rise of 20% or UAH 5.1 billion in the deficit of the general fund, to UAH 30.338 billion and a fall of 27% or UAH 8.75 billion in the deficit of the special fund, to UAH 23.757 billion.

KIEV, July 19 – The target of 5% to 6% inflation, envisaged in a program of economic reforms drafted by President Viktor Yanukovych, may be attained by the end of 2012 Ihor Shumylo, executive director for economic issues of the National Bank of Ukraine forecast at a roundtable.

KIEV, July 19 – The postponement of a eurobond placement by Ukraine will not affect the hryvnia exchange rate, according to Valeriy Lytvytsky, head of the National Bank of Ukraine Advisors Group.

"[The postponement] cannot affect the hryvnia exchange rate, as the counter-factors are stronger," he said.

KIEV, July 19 - Linos, Ukraine’s No. 2 oil refinery owned by Russian oil major TNK-BP, was forced to shut operation in emergency on Sunday after an unexpected power outage had hit the company.

KIEV, July 17 – The European Bank for Reconstruction and Development after
entering the statutory fund of Lviv-based Galnaftogaz Concern, is to receive 15-20% of its shares, the head of the company's supervisory council, Vitaliy Antonov, said in an interview with the Kommersant Ukraine newspaper.

KIEV, July 16 – The World Bank has downgraded its forecast for the expected fall in Ukraine's GDP in 2009 from 9% to 15%, but improved its inflation forecast from 16.4% to 13.4%, the bank announced on Thursday.