Daily News

  • AvtoKrAZ June Output Unchanged At 300 Units.

    1H05 production increased by 96.2% yoy, and made up 1670 trucks, including 180 assembly sets.

  • Rivneenergo To Issue Additional Shares.

    At Rivnenerog?s (ROEN: HOLD) AGM on August 17, 2005, the shareholders plan to approve the issuance of additional shares for USD 0.1 mln, which will increase the company charter fund by 2.4%.

  • Azot Cherkasy Increases Annual Caprolactam Capacity By 10% To 55K Mt.

    In 2006 Azot Cherkasy will increase capacity further to 60 mt/year. Caprolactam is used to make synthetic fibre, threads and plastics.

  • Tymoshenko Denies Theft Of Russian Gas.

    Prime Minister Yulia Tymoshenko said yesterday that Naftogas Ukrainy has never and will never use any Russian gas that has not been stipulated for Ukrainian use in contracts with Russia.

  • Court Freezes 50%+1 Share Of Nikopol Ferroalloy.

    The Kyiv economic court found in favor of a complaint by the Prosecutor?s General Office. At the same time, the court declined a request by Prydniprovia Consortium, an Interpipe-related company who acquired 50%+1 share stake in Nikopol Ferroalloy (NFER: SELL) in 2003, to prohibit the state from canceling NFER?s privatization.

  • The Government Plans To Construct Another Oil Refinery In Odesa.

    Prime Minister Yuliya Tymoshenko announced these plans at a press conference yesterday, however, the draft decree has yet to be signed by the President. The refinery is projected to have a throughput of 10 mln mt per year and its construction is expected to take 1.5 years.

  • Astelit Announces Its Subscriber Base.

    The youngest Ukrainian mobile operator Astelit announced that its subscriber base exceeded 0.5 mln. Astelit has been providing mobile services since February 2005, using the GSM-1800 standard. The main shareholders of Astelit are Turkcell and the Ukrainian business group SCM.

  • Fixed Line Access Tariff For Mobile Operators To Increase In August.

    The national communications regulation commission (NCRC) plans to increase payments to fixed-line operators for mobile-to-fixed (MTF) line calls, and to make payment distribution of fixed-to-mobile (FTM) calls more transparent. Tariffs have not changed since August 2003. NCRC wants to create a working group, which will include major mobile and fixed line operators, to approve new tariffs and tariff distribution.