KIEV, Aug. 14 – A Kharkiv Court on Wednesday ruled in favor of British oil and gas company Cadogan, allowing it to appeal a June ruling by Poltava Region Commercial Court on the Pirkovske drilling license and suspending an earlier ruling, pending the hearing of the appeal.

KIEV, Aug. 17 ??“ Svarog Asset Management Ltd., a Kiev-based assets managing company, paid UAH 48.6 million to acquire 26% stake in Sevmorzavod, one of Ukraine??™s biggest shipyards, the company reported.

KIEV, Aug. 17 ??“ Ukraine??™s industrial output rose 11.4% on the year in July and was led by strong production steel and extraction of natural resources, such as coal, the State Statistics Committee reported.

KIEV, Aug. 17 - Ukraine's government expects GDP to grow 6% and inflation to be 10% this year, Tamara Lebedeva, deputy director of the Economic Strategy Department of the Economy Ministry.

KIEV, Aug. 17 ??“ The US Department of Agriculture forecast the wheat harvest in Ukraine to make 13.5 million tons this year, down 27.8% on the year, and sharply lower than had been predicted by Ukraine.

KIEV, Aug. 17 ??“ Ukraine??™s surplus in foreign trade with services widened to $1.93 billion in January through June, up from 1.55 billion in the same period a year ago, led by natural gas shipments, the government said.

KIEV, Aug. 17 ??“ Naftogaz Ukrayiny, the national oil and gas company, faces $1.6 billion in losses this year forcing the government to draft legislation aimed at saving the company from insolvency, an official said.

KIEV, Aug. 17 - Russian oil major TNK-BP may have too much of an influence on Ukrainian gasoline market and further investigation will show whether the company has abused that power, the leader of Ukraine??™s anti-cartel authority said Wednesday.

ZHUKOVSKY, Aug. 17 - Russia's Roskosmos Russian space agency and Ukraine's National Space Agency signed an agreement on space cooperation at the MAKS 2005 Moscow air show on Wednesday.

PEREYASLAV-KHMELNYTSKY, Aug. 17 - The joint Ukrainian-British company Nyva Pereyaslavschyny has started building a pig complex using Dutch technology, its owner Oleksandr Mostshan told journalists, Interfax-Ukraine reported.