Kiev - A senior Ukrainian aviation official said Iran intends to purchase and later produce a licensed version of a Ukraine's Antonov 148 mid-range passenger jet, the Interfax news agency reported on Wendesday.

Dmitro Kiva, chairman of the Kiev-headquartered Antonov aerospace factory, said Iran "will fully participate" in the subsequent production of the aircraft.

The An-148 is a twin-engine high-wing passenger plane designed for operation at rough airfields. Ukraine developed the aircraft during the 1990s and certified the single flying prototype in February 2007.

Kiev - Ukraine's parliament must approve a 16.5-billion- dollar assistance package from the International Monetary Fund (IMF), or the former Soviet republic will face default, the country's national bank head said Tuesday.

Volodymyr Stelmakh, chairman of the National Bank of Ukraine (NBU), said Kiev desperately needs the low-cost loan, as without it the NBU "almost certainly" would be unable to honour Ukraine's foreign debts.

Stelmakh's statement, made at a Kiev press conference, was Ukraine's clearest warning yet that the world financial crisis had left the country short of cash and on the edge of default on bonds sold in international markets.

Kiev - Ukraine's parliament must approve a 16.5-billion- dollar assistance package from the International Monetary Fund (IMF), or the former Soviet republic will face default, the country's national bank head said Tuesday.

Volodymyr Stelmakh, chairman of the National Bank of Ukraine (NBU), said Kiev desperately needs the low-cost loan, as without it the NBU "almost certainly" would be unable to honour Ukraine's foreign debts.

Stelmakh's statement, made at a Kiev press conference, was Ukraine's clearest warning yet that the world financial crisis had left the country short of cash and on the edge of default on bonds sold in international markets.

Kiev/Budapest/Washington - Ukrainians expressed optimism, but still faced a shaky economy after the International Monetary Fund (IMF) said it will provide financial support to the hard-pressed country.

The IMF on Sunday simultaneously announced a 16.5-billion-dollar credit for Ukraine. Additionally, it said it plans to give Hungary, which is also facing economic problems, a credit of an as-yet- undetermined size.

Kiev- Ukraine's government on Friday shut down the country's largest stock market in another attempt to halt share-price freefall.

Managers of Ukraine's largest PFTS stock exchange froze all transactions less than two hours after opening.

Share values had fallen between 10 and 19 per cent over Friday morning in heavy trading.

Since the beginning of October, PFTS officials had repeatedly closed the exchange in the middle of a trading day, three times during last week alone.

Kiev- President Viktor Yushchenko on Wednesday called for a tougher defence of the Ukrainian currency the hryvna, as the national bank conceded it could not prop it up at previous levels in the face of mounting bad economic news.