andrij, as with all your work, i think this is great! the letters are indeed very lively. i think we'd need to see more text set to see if the latin portion really holds together. it looks a bit gappy in places, but it's hard to tell what's causing this without more to look at.

paul, thank you!
please look on sample with small text in 24 and 36pt here:
http://type.org.ua/agara_gappytext.gif

i guess this font probably just needs some kerning (which i'm guessing is currently missing). the "it" combination was the only real troublesome gap i noticed in your set text. "ij" was also a problem in your initial image as were "uv". it seems like the serifs/strokes or whatever they are are a bit too large in places, but that is part of what gives this such great character. maybe the design needs to be regularized a bit to reduce this problem? contextual alternates might be another way to solve some of these spacing issues. or again, maybe it's just kerning...

This is a great design that just seems to smile up at you! Where characters in Agara really fit together well it looks great; t followed by h, i followed by n.

Here are my nitpicks:

There's a big gap showing up between l followed by a or d, and the space after the apostrophe is pretty distracting, especially with the spacing before the apostrophe being to tight. It seems like theres a much bigger gap following h and n than there is following m, it might just be an optical trick.

I'm also not to hot on that z dipping under the baseline. It's a pretty letter, but I could see a lot of designers redrawing it just ao that it doesn't stand out. I wouldn't get rid of it, but it would probably be a good idea to have an alternate that fits better with everything else.

top of main stem in "d" unfortunately seems cutted...

thank you paul,
thank you jpad,
thank you henyk!

i add a bit of kerning, and make alternative -z-.
i think i'd like some gapping with this letters.
please look here:
http://type.org.ua/agara_new_z.gif
and i am so sorry for big delay.

I hadn't seen this - very charming!
You have a great touch.

hhp

thanks hrant!
now i've start to draw light face too

hurrah!
Agara released as 'Agarsky' at myFonts:
http://www.myfonts.com/fonts/andrijtype/agarsky/
cyrillic & latin