KIEV, July 17 - The water level in the Danube River in Odessa region has dropped below the critical level, the Emergency Situations Department of Odessa Regional State Administration reported on Saturday.

KIEV, July 16 – ArcelorMittal Kryviy Rih, the Ukrainian unit of the world's largest steelmaker, will receive massive VAT refunds soon after the government issues a special bond, a source at the finance ministry said Friday.

KIEV, July 15 – Going bankrupt has apparently not stopped a Kiev-based travel agency from doing a brisk business.

Despite its having been declared bankrupt in a July 5 Kiev Economic Court ruling declared Karya Tour, Tourist Business Leaders Association reports that hundreds of travel agencies have addressed it claiming that they have to date opened trip vouchers through Karya Tour Ukraine for UAH 600,000 as of July 14, acting president of the association Olena Shapovalova told the First National TV channel.

KIEV, July 16 - Kiev City State Administration is not initiating an increase in the city subway fares, but will be forced to raise prices due to a court ruling, Oleksandr Popov, the acting head of Kiev City State Administration, said at a press conference.

KIEV, July 16 - Ukrainian businessman Serhiy Taruta jointly with the National Academy of Sciences has set up the NanoMedTech company in Kiev (full name is Nanotechnologies in Medicine) to produce metal nanoparticles as components of medicinal substances.

KIEV, July 17 - Workers from Kiev department on fighting organized crime have stopped the activities of a large money laundering center, which served shadow firms from several Ukrainian regions for almost four years, the media relation center of the Ukrainian Interior Ministry's main department in Kiev reported on Tuesday.

KIEV, July 18 - UkrGaz-Energo had grounds to increase the price of gas supplied to industrial consumers from May 2007, including charges for gas storage in underground storage facilities, the Antimonopoly Committee said.

KIEV, July 18 - Lithuania's Klaipedos Nafta, the Georgian Oil and Gas Corporation (GOGC) and the State Oil Company of the Azerbaijani Republic (SOCAR) could become participants in the Ukrainian-Polish pipeline company Sarmatia by the time of the energy summit of heads of states scheduled for October in Vilnius (Lithuania), OSJC UkrTransNafta Board Chairman Ihor Kiriushin said in an interview with the Ekonomicheskiye Izvestiya newspaper.

KIEV, July 18 - Ukraine may introduce restrictions onnumber of rail tanks in each train carrying chemical or hazardous materials following a recent crash that produced a toxic cloud, an official said Wednesday.

DNIPROPETROVSK, July 18 - Dniprometiz, a Ukrainian metalware plant, is proposing a strategic partnership agreement with Mittal Steel Kryviy Rih in order to make the steelmaker's pricing more predictable.