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.

KIEV, May 17 – A proposal by the Ukrainian cabinet to Vanco Prykerchenska Ltd. (British Virginia Islands) to sign an amicable agreement could lead to the transfer of the Prykerchensky oil field to the control of Russia's Gazprom, Our Ukraine-People's Self Defense faction MP Borys Tarasiuk said on the Fifth TV channel.

KIEV, May 14 – The State Property Fund sold a 25% plus one share stake in Chernihivoblenergo, a regional electricity supply company, on Thursday for UAH 223.423 million to On-line Capital Ltd.

The initial price of the stake was UAH 119.019 million.

The second company that took part in the bidding was TEKT-Trade Ltd.

DNIPROPETROVSK, May 14 – Ukrainian metals companies will be non-competitive on foreign and domestic markets in the post-crisis period, according to Vasyl Kharakhulakh, director general of Dnipropetrovsk-based Metalurhprom industrial association.

KIEV, May 15 – First Ukrainian International Bank (FUIB) in early May sent a report on its plans to restructure LPNs worth $275 million to holders of LPNs and a request that it be given four months to draw up a final proposal, market players have told Interfax-Ukraine.

KIEV, May 17 ??“ Citroen, French car producer, is to invest $100 million into the construction of car plant in Brovary district of Kiev region, head of Kiev regional state administration Vira Ulyanchenko said on Thursday.

KIEV, May 17 ??“ Ukrainian Danube shipping company saw UAH 53.12 million in losses in 2006, while in 2005 its net profit was UAH 1.22 million.

KIEV, May 17 ??“ Fordon logistics company Ltd. and International Logistics Partnership company (Russia), the owner of MLP-Chaika warehouse facility, have signed a deal on leasing warehouse and office facilities with an overall area of over 30,000 square meters.

KIEV, May 17 - Astarta Holding N.V., the mother company of a large Ukrainian sugar market participant, Astarta-Kiev, earned EUR 1.767 million in net profits in January to March 2007, which is 22.3% down year-on-year.