Daily News

  • Kyivstar Announces 1Q05 Results

    Kyivstar?s 1Q05 net revenue amounted to USD 192.6 mn (+56% yoy). Kyivstar?s EBITDA totaled USD 109.3 mn (+50%), while net income reached USD 50.1 mn (+22% yoy).

  • Ukraine Will Stay The Course To EU Membership

    Oleksander Zinchenko, Ukraine?s secretary for EU integration, said his country would not change its policy of further EU integration, despite the French and Dutch ?no? votes on the European constitutional referendum, the Financial Times Reported today.

  • 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.