Daily News

  • Turboatom (TATM: Sell) Posts 52.1% Increase In 2004 Net Revenues

    The company?s net revenues rose to USD 52.1mn in 2004, while net income increased by 1.8% to USD 4.5mn

  • Kharkiv Bearing Plant Increases Net Revenues By 65.9% To USD 59.5 Mn

    The company?s net income totaled USD 3.5mn in 2004, an increase from its USD 0.40mn loss in 2003. About 32% of the company?s output was exported in 2004, including 30% to CIS countries. The largest consumers in 2004 were the Krasnoyarsk Harvester Plant (Russia), Rostselmash (Russia), the Minsk Tractor Plant (Belarus) and Yuzhnyy Machine-building Plant (Ukraine). A total of 45.38% of Kharkiv Bearing belongs to World Trading Bearing Ltd (UK), and 50.095% belongs to Ukraine?s Industrial Energy Company and its affiliates.

  • Quarterly Incomes Rise By 40.8% To USD12.8 Bn

    The payment of wages and salaries in 1Q05 increased by 30% yoy to USD4.3 bn, while profit and mixed income grew 24.3% yoy to USD1.1 bn and social benefits increased by 58% yoy to USD5.9 bn. In 2004, incomes for the general population increased by 24.8% yoy, or USD 9.9 bn to USD 49.9 bn

  • No Pomp & Circumstance For Kiev?s May 9 Victory Parade

    No Pomp & Circumstance For Kiev?s May 9 Victory Parade

  • Ukraine & Russia Create Yushchenko-Putin Commission

    The bilateral commission will review the status of Russian Ukrainian relations and discuss political, economic, and national security issues

  • Stirol (STIR ? BUY) To Distribute 23% Of 2004 Net Income As Dividends

    The dividend per share will be USD 0.71, providing a dividend yield of USD 4.3%. The remainder of net income will be used to fund capacity development. The company?s net income totaled USD79.9mn last year, a 117% increase yoy, due to favorable market conditions for nitrogen fertilizers worldwide. Net revenues grew by 43%.

  • Ukraine To Increase Nuclear Power Production

    The Fuel and Energy Ministry and the Energoatom Nuclear Generation Company presented the Cabinet a draft strategy on nuclear sector development until 2030. The plan would put 11 new reactors online by 2030 and prolong the term of safe operation for acting nuclear reactors.

  • April Inflation Slows To 0.7%

    The slowdown resulted in a 5.1% YTD rate. In March, consumer prices grew by 1.6%, while producer prices accelerated to 2.5% in April (1.9% in March) and totaled 7.5% YTD