Daily News


January 16 2008
Rada Votes Against Prolonging Moratorium on Land Sales

According to Ukrainian News, yesterday the Verkhovna Rada voted against a draft law that would have prolonged the moratorium on land sales until 2011.

January 16 2008
Astarta Announces Four-Year Plans

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.

January 16 2008
Juice Production up 45% yoy in 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.

January 16 2008
Motor Sich To Form Corporation With Design Bureau

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.

January 16 2008
PFTS Renewed Circulation Of Luhanskoblenergo Stocks

Circulation of Luhanskoblenergo (LOEN) stocks was renewed on January 11, 2007, after an 11-month halt.

January 16 2008
Eurocar Nearly Doubles Production In 2006

Eurocar, which manufactures Volkswagen and Skoda cars and Seat cars under license, produced 21,390 vehicles, an increase of 91.1% yoy.

January 16 2008
Zaporizhtransformator Doubles Sales In 2006, Looks To Repeat In 2007

Zaporizhtransformator (ZATR) had sales of USD 207 mln in 2006, up from USD 108 mln in 2005.

January 16 2008
Greece's National Bank Interested In Purchasing Kreditprombank?

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.

January 16 2008
December Industrial Output Up 5.3% yoy.

As a result annual industrial output grew by 3.1% yoy.

January 16 2008
RAO UES Cancels Bulgarian Investment Plans.

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.

January 16 2008
Yekhanurov To Get His Job Back?

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.

January 15 2008
TKS to Multiply Construction Output Fourfold over 2008

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.

January 15 2008
ING Bank Exercises Greenshoe for 2.88% Stake in KDD Group

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.

January 15 2008
Zaporizhtranformator Increases 2007 Net Income 3.5x yoy

According to Interfax, Zaporizhtranformator (ZATR: HOLD) increased net income by 3.5 times yoy to UAH 399 mln (USD 79 mln) in 2007.

January 15 2008
Car Sales up 46% in 2007 yoy

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.

Upcoming Events

Sep 25
UKRAIN:
USD 111 mln coupons on 2032 bonds
Sep 29
Economy:
USD 1000 mln US-secured bond matures
Oct 4
Kernel:
FY21 annual report
All Events →