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.

KIEV, July 17 – The devaluation pressure on the hryvnia is being supported by a group of banks that want to gain some income on the weakening of the national currency, Valeriy Lytvytsky, the head of the group of advisers to the National Bank of Ukraine governor, said on Friday.

LVIV, July 17 – Ukraine should rein in inflation to prop up the hryvnia exchange rate, a supervisory board member in Bank Lviv, the founder of Iceland's MP Bank, Margeir Petursson, said.

KIEV, July 19 - The Ukrainian government plans to introduce a 10% discount on power prices to domestic companies with average consumption of more than 40 million kWh/month beginning from September 1, a source at the National Commission for Power Regulation (NCPR) said Wednesday.

KIEV, July 18 ??“ Ukraine will in September resume talks with the European Commission on the review or lifting of antidumping duties on Ukrainian-produced seamless pipes that had been introduced in June.

KIEV, July 18 - Ukrainian and Russian aircraft producers will in the near future build and transfer 32 An-140-100 short-haul aircraft to Russian companies.

KIEV, July 19 - The Chinese aircraft industry is interested in developing cooperation with the Antonov Design Bureau, the press service of the Kiev-based plane maker said during the Farnborough International Air Show.

KIEV, July 19 ??“ About 250,000 laptops worth $225 million will be sold in Ukraine in 2006, a 120% rise on 2005, the president of AVentures Group, a large Kiev-based market operator, Volodymyr Kolodyuk, has said.

KIEV, July 19 ??“ The Kiev city authorities will probably reject a request from IKEA, the world??™s largest furniture retailer, for a land plot in the city that may further postpone construction of a $400 million complex.