Ukrainian billionaire takes control of financially ailing Aerosvit airlines

New owner could revitalize airline which is deep in debt, hit by recession.
Two days ago at 21:10

GM to release plan for European units in December FRANKFURT (AP) — General Motors Co. said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek.
Yesterday at 13:58 | Associated Press
Business Briefs Dubai group buys Ukrainian chopper plant; Dubai mulls buying Ukrainian planes; Tycoon seeks $8 billion in damages from Ukraine; Retail sales decline; Gazprom: Won’t fine Ukraine's Naftogaz; EBRD delays $300 million loan to Naftogaz; State railway defaults on Barclays loan; ISTIL Group buys Kyiv's historic Leipzig Hotel.
Two days ago at 21:03
Business Sense with Alexander Valchyshen Nation crawling out of recession, at least for now.
Two days ago at 21:01
Macroeconomic Briefs GDP down 16 percent in third quarter; October industrial output decline slows; Central bank sees near-term stability of hryvnia; Fitch cuts ratings, sovereign bond pressure builds.
Two days ago at 20:47
Auchan, Billa steamroll ahead with Ukraine expansion Crisis fails to halt Ukraine expansion plans of foreign retail, wholesale giants.
Two days ago at 20:43
Yushchenko pledges to veto populist price caps on drugs Shortage of medications could materialize if legislation not cancelled.
Two days ago at 20:36
Anglo-Russian oil company TNK-BP picks CEO LONDON (AP) — Anglo-Russian oil company TNK-BP has appointed Maxim Barsky as its next chief executive, to take over in 2011, the company's owners said Nov. 19.
Two days ago at 16:33 | Associated Press
President of Dynamo Surkis concentrates 50% in Alstrom busines Ukrainian businessman and president of the Ukrainian Dynamo (Kyiv) FC Ihor Surkis has concentrated the 50-percent stake in the Alstrom Busines Сorp. (British Virgin Islands), which will become the owner of the 49-percent stake in the 1+1 Studio group, which owns 1+1 Studio, 1+1 International, Kino and TET TV channels, Surkis told the Delo newspaper.
Two days ago at 11:14 | Ukrainian News
Oil slips, economic woes outweigh US stockpile drop NEW YORK - Oil prices fell slightly on Wednesday as concerns about a rebound in the economy offset a drop in U.S. oil and fuel inventories.
Three days ago at 20:09 | Reuters
Experts: Ukraine's car market could grow 20-30% in 2010 if producers credit buyers The Ukrainian market for new cars in 2010 could either remain at this year's level (165,000-170,000 cars) or fall by about 5% under the current legal conditions, experts on the car market have said.
Three days ago at 15:43 | Interfax-Ukraine