Kiev

Ukraine capital markets continue tailspin losing 5 per cent

Ukraine capital markets continue tailspin losing 5 per cent

IMF Director: World financial markets won't improve until late 2009

IMF Director: World financial markets won't improve until late 2009

Pro-West Ukraine government survives no-confidence vote

Kiev - Ukraine's pro-West government survived a no- confidence vote on Thursday leaving the deadlock in the country's parliament unchanged.

A parliament motion to sack a cabinet led by Prime Minister Yulia Tymoshenko obtained 174 votes in favour, with 226 ayes in the 450- house needed to throw her government out of their jobs.

The decision left the former Soviet republic's legislature at an effective standstill, with neither Tymoshenko's government nor the pro-Russia opposition able to form a majority.

The opposition had been pushing for the no-confidence vote as a way to resolve the impasse in the legislature, and as necessary given worsening economic conditions in the country.

Ukraine embassy worker arrested for radioactive materials smuggling

Kiev, Ukrain MapMoscow/Kiev - A worker at Ukraine's embassy in Germany was arrested on charges of attempted smuggling of radioactive materials, the Interfax news agency reported on Monday.

The man and the security manager of a local bank were detained near the central Ukrainian city Cherkassy with radioactive metals in their possession worth 4.9 million dollars, police said.

According to people reports, the two suspects had been transporting uranium and cesium in an automobile.

Ukraine border police arrest Hungarian ultra-light pilot

Kiev- Ukrainian police arrested a Hungarian ultra-light aircraft pilot claiming to have accidently overflown the two countries' common border, the Interfax news agency reported on Monday.

Border troops took the man into custody while inspecting the passengers of a public transport microbus near the village Solomonovo, in Ukraine's western Zakarpatia province.

The Hungarian reportedly told police inclement weather had blown him off course during a recreational flight near the east Hungarian city Debrecen.

The one-engine aircraft made a safe emergency landing some 10 kilometres inside of Ukraine, near the village Malie Heevtsi, he was cited as saying.

Low-cost airline to begin operations in Ukraine

Kiev, Ukrain MapKiev - A Hungarian low-cost airline received final approval to began operations in Ukraine, ending unchallenged control of the former Soviet republic's air-passenger market by high-price domestic carriers.

Budapest-headquartered Wizz Air obtained certification to operate an Airbus 320 aircraft on Ukrainian internal routes, and expected the maiden flight to take place in July, company officials said.

The new service will link the Ukrainian capital Kiev with the cities Odessa, Simferopol and Lviv.

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