Daily News

  • Yushchenko Rejects Reprivatization List

    President Viktor Yushchenko did not approve the list of companies targeted for privatization revision yesterday and requested the Cabinet review the list further. He said the list, rumored to include 29 companies, was too long.

  • Ukrnafta Acquires Another 25 Gas Stations

    The company paid a total USD 30.5 mn for the stations, or USD 1.2 mn per unit. This is the fourth gas station purchase this year, increasing the company?s retail network to 489 stations

  • NPR Increases Pipe Production And Reduces Wheels Output

    In Jan ? Apr 2005, Nyzhnyodniprovsky Pipe Rolling (NITR) increased its pipe production 20.2% yoy to 176.4K mt, and cut railroad wheel and rim output by 16.9% yoy to 90.2K mt.

  • LuAZ Increases Net Revenues By 76.5% YoY In Q105

    Net revenues at the automotive manufacturer rose to USD 37mn, while net income grows by over ten times to USD 8mn. The company is part of the Bogdan corporation, which recently announced plans to transfer car assembly from LuAZ to new plant in Cherkasy, and produce buses and trolley-buses at LuAZ facilities.

  • Parliament Proposes New Real Estate Bill

    Ukraine?s Parliament has drafted a new real estate bill, which would eliminate taxation on the sale of real estate between private individuals. It also calls for an end to inheritance tax. Under the law, the tax on the purchase of real estate by individuals would be fixed at one percent.

  • Management At Two Oblenergos Accused Of Illegal Exports

    The Prosecutor?s Office in the Poltava region initiated legal proceedings against managers at Poltavaoblenergo (POON: HOLD). According to the prosecutor?s office, illegal exports of sorbent by the company resulted in state budget of USD 0.02 mn. Similar proceedings have been initiated against Chernihivoblenergo (CHEON: HOLD), which is accused of costing the state USD 0.16 mn.

  • Ukrtelecom (UTEL: HOLD) Launches Electronic Monitoring System Of Its Fiber Lines

    Softline, a Kyiv-based software manufacturer, has developed and launched a system of operation control of fiber optic lines of Ukrtelecom (UTEL: HOLD). The system allows receiving online monitoring of condition of UTEL fiber network (15K km) and related equipment.

  • Budget Keeps Performing Well

    In Jan-May, state budget revenues amounted to USD 7.3 bn, or 7.1% more than expected. This accounts for ~35% of total annual revenues the government plans to receive in 2005 (or USD 20.8 bn). At the same time expenditures totaled USD 4.7 bn, or 0.4% less than expected.