KIEV, May 15 – The top management of oil producer Ukrnafta, in which the state has a controlling stake, will be reshuffled and the stockholders will sign a new agreement, Prime Minister Arseniy Yatseniuk has said.

SEVASTOPOL, May 16 - The average annual price of Russian natural gas procured by Ukraine's national oil and gas company Naftogaz Ukrayiny will be $440 per 1,000 cubic meters this year, up from the current $425, Naftogaz CEO Yevhen Bakulin said at a ceremony marking the commissioning of the modern self-elevating floating drilling rig (SEFDR) Petro Hodovanets on Wednesday.

KIEV, May 15 – The growth of foreign direct investment in Ukraine in the form of equity capital was $846.9 million in Q1, 2.1% over same period in 2011, according to the State Statistics Service.

KIEV, May 16 - Industrial gas production at the Yuzovska (Kharkiv and Donetsk regions) and Oleske (Lviv and Ivano-Frankivsk regions) fields is to begin in 2017, Environment and Natural Resources Minister Eduard Stavytsky said.

KIEV, May 16 – The net increase in foreign direct investment (FDI) in Ukraine in the first quarter of 2011 has been estimated at $829.3 million, which is 8.4 times up on the same figure for the first quarter of 2010, the State Statistics Service reported Monday.

LONDON, May 16 – Ukraine's international reserves have exceeded $39 billion for the first time in the country's history, and this “should send a positive signal," Petro Poroshenko, head of the Council the National Bank of Ukraine, said at the opening of the seventh Ukrainian Investment Summit organized by the Adam Smith Conferences in London on Monday.

LONDON, May 16 - Reform has ground to a halt in Ukraine, which is losing its investment appeal, investors said during the seventh Adam Smith Conference summit in London.

KIEV, May 16 - UMG United Mineral Group Limited (Nicosia, Cyprus), a subsidiary of CJSC System Capital Management (SCM, Donetsk), which was established to manage assets in the clay extracting sector, may soon gain control over Donkerampromsyrio (Donetsk region), whose largest stockholder is Italian company Marazzi.

LONDON, May 17 – The Ukrainian Bank for Development will be established by the end of 2011 and will replace state-targeted programs, Vladyslav Kaskiv, the head of the State Agency for Investment and National Projects Management, said at the seventh Ukrainian Investment Summit organized by the Adam Smith Conferences in London on Monday.

KIEV, May 17 - Pavlohrad chemical plant (Dnipropetrovsk region) on May 1 had to suspend the recycling of SS-24 missile stages with critical storage terms for missile fuel than cannot be prolonged due to a lack of financing, the company’s director, Leonid Shyman, told Interfax-Ukraine last week.