KIEV, Feb. 23 ??“ Ukraine's economy will expand 6% on the year to about $110.2 billion in 2007, while inflation will be 10.5%, according to a report by Moody's Investors Service.

"Ukraine's recovery has been driven by heavy industrial, energy-intensive sectors of the economy," said Jonathan Schiffer, Moody??™s analyst, said. "The recent growth has been driven by higher global prices for metallurgy and metal working."