KIEV, March 23 - Kiev plans to upgrade transport infrastructure in 2016-2018, spending about UAH 25.6 billion on this purpose.

Upgrades are contained in the action plan for 2016-2018 on implementing the strategy of Kiev's development until 2025, which is stipulated in order No. 100 of Kiev City State Administration, dated February 26 and published in the Khreschatyk newspaper on March 23.

KIEV, March 23 – Losses of solvent Ukrainian banks as of March 1 amounted to UAH 1.971 billion, up from January's UAH 890 million, the National Bank of Ukraine reported on its website.

KIEV, March 23 – President Petro Poroshenko says that the privatization of PJSC Turboatom turbine manufacturer is untimely at the moment, but should it happen, it would have to be transparent, fair and open.

KIEV, March 24 - The pretrial financial readjustment proposed by top managers of public joint-stock company Ukrnafta intended to solve the company's financial problems will not bring the desired outcome, the A-95 consulting group said.

KIEV, March 24 – The National Bank of Ukraine has left Ukraine's GDP growth forecast at around 1% for 2016.

"The NBU anticipates that economic growth will continue restoring in 2016, but it will be rather moderate – around 1%," the central bank said.

KIEV, March 24 - Fair and transparent privatization of state-run enterprises is the key factor for restoring the Ukrainian economy in 2016, EBRD Director for Ukraine Sevki Acuner said.

KIEV, March 23 – Fitch Ratings has downgraded JSC The State Export-Import Bank of Ukraine (Ukreximbank) and JSC State Savings Bank of Ukraine (Oschadbank) Long-term foreign currency Issuer Default Ratings (IDRs), and their foreign currency senior debt ratings, to 'CC' from 'CCC'.

KIEV, March 21 – Shell and Ukrgazvydobuvannia have finished drilling the second Novo-Mechebilivska-100 exploration well (Kharkiv region) under their joint operations agreement, Shell reported on Monday.

KIEV, March 24 – Roshen Confectionary Corporation plans to file a counter-claim against a March 14 Tverskoi Court of Moscow ruling of which arrested all accounts of enterprises of the corporation in Russia.

KIEV, March 24 - Ukraine on Monday resumed power supplies to its breakaway region of Crimea at full capacity following a brief disruption on Sunday caused by an apparent malfunction, DTEK KrymEnergo, a local power distributor, said.