According to Ukrainian News, yesterday the Verkhovna Rada voted against a draft law that would have prolonged the moratorium on land sales until 2011.
According to Interfax, Astarta (AST PW: N/R) announced it intends to increase sales by 122.8% from 2007 to EUR 176 mln (USD 261 mln) by 2011. The company’s net income target in four years is EUR 33 mln (USD 49 mln), which is 88.5% more than estimate for 2007.
According to preliminary data, juice production grew 45% yoy to more than 1 mln mt in 2007. Vinnifruit (VINIP: N/R), the only traded juice producer, increased sales by 33.4% yoy to UAH 128.7 mln (USD 25.5 mln) in 11M07.
According to the Director of Motor Sich (MSICH: BUY), Vyacheslav Boguslaev, on Friday the company signed an agreement with the design bureau Progress, uniting the two companies in what is to be called the Ivchenko Corporation.
Circulation of Luhanskoblenergo (LOEN) stocks was renewed on January 11, 2007, after an 11-month halt.
Eurocar, which manufactures Volkswagen and Skoda cars and Seat cars under license, produced 21,390 vehicles, an increase of 91.1% yoy.
Zaporizhtransformator (ZATR) had sales of USD 207 mln in 2006, up from USD 108 mln in 2005.
In a press release yesterday, the National Bank of Greece (NBG) said that it had signed a non-bidding confidentiality agreement with two banks and was examining the possibility of purchasing both this spring.
As a result annual industrial output grew by 3.1% yoy.
Russian electricity monopoly RAO UES which won tenders for two Bulgarian power plants in 2005, has declined to pay for the power plants. According to RAO UES, they refused to acquire the power plants because the Bulgarian regulators refused to sell two power plants to one buyer, and refused to agree on the conditions of the TPPs operation with RAO.
Rada Speaker Volodymyr Lytvyn said yesterday that the Rada would be willing to reinstate the government if the Cabinet would agree to dismiss several members. The ministers the Rada wants dismissed were not disclosed. The Rada was supposed to adjourn for their winter recess on Friday until 7 February, however, the deputies voted to continue working until January 20, following the firing of the government.
TKS Management (37W1 GR: BUY) announced its plans to invest USD 100 mln to construct 150 ths m2 of property in Western Ukraine in 2008, 4 times more than than the company built in 2007.
According to Interfax, the London branch of ING Bank exercised a greenshoe (over-allotment option) for 2.88% stake in KDD Group at a price of GBP 2.0 per share.
According to Interfax, Zaporizhtranformator (ZATR: HOLD) increased net income by 3.5 times yoy to UAH 399 mln (USD 79 mln) in 2007.
Interfax reported that sales of new cars surged 46% to 542 ths in 2007 yoy. This is another double-digit number following 40% growth in 2006 yoy.