Daily News

  • Finance Ministry Places USD88.7 Mn Government Bond

    The issue will mature in one year and was placed at 4.57% on April 26. This will bring the total amount of funds raised by the government through bond issues since the beginning of 2005 to ~USD1.2 bn

  • In 1H05 The Economic Ministry Forecasts GDP Will Reach 6% & Inflation Will Total 7.1%

    According to the Economic Ministry?s most positive scenario for the Ukrainian economy, GDP growth will accelerate (5.4% in 1Q05) and inflation will slow to 2-2.6% in 2Q (4.4% in 1Q05).

  • Azot Cherkasy (AZOT) Increases 2004 Net Revenues By 0.2% ? To USD234.6 Mn

    The company posted a net income of USD1.2mn, an increase of almost 600% yoy. In 2005, the company plans to increase output by 9.3% to USD293.6mn. Ammonia production will increase by 11.9% to 921.9K tons, ammonium nitrate by 108.9% to 767.8K tons and urea by 1% to 687.3K tons

  • Khartsyzk Tube (HRTR ? Sell) To Scale Back Tolling Scheme With Azovstal

    HRTR will reduce its share of sales under a tolling with Azovstal until September. The share of sales will be reduced from 80% in March to 60% in April, 50% in June, 15% in July and the company will not use the scheme in August

  • EBU Prevents UMC Unfair Marketing

    The European Broadcasting Union (EBU) has obligated mobile operator UMC to remove from its advertising materials all references to the international song contest Eurovision-2005. EBU found out that UMC was illegally using Eurovision-2005 symbols in its advertisement campaign

  • More Contradictions Concerning Kryvorizhstal

    While the Pechersk district court of Kiev canceled its previous decision that Kryvorizhstal?s privatization was unlawful, the Kiev Business Court ruled on Friday that the enterprise privatization was legitimate. Prime Minster Yulia Tymoshenko?s government intends to appeal the latter decision in the Court of Appeals.

  • Government Requires More Funds From Monopolies

    PM Tymoshenko believes that it will be possible to attract an additional USD 400-600 mn for the national budget, due to the detailed elaboration of financial plans for monopolies.

  • Oil Product Market Stabilizes

    The government has reached agreements on oil price caps with Lukoil, Kontinium and Alfa Nafta, in addition to its previous agreements with TNK-BP, Ukrnafta and Ukrtatnafta. Consequently, on April 22 gasoline prices fell 1.6-1.7%, and diesel fuel prices declined 1%. Also, the government extended its wholesale price caps regulation by one month until June 1 2005.