Daily News


March 13 2008
Bohdan Corporation Car Sales Up 30.5% yoy In 2M07

The Bohdan Corporation, which includes the Lutsk Automobile Plant (LUAZ), saw its car sales grow 30.5% yoy in 2M07 to 8603 cars.

March 13 2008
France’s Auchan Joins Rush Of Foreign Retailers Entering Ukraine

France’s Auchan Group announced last week that it plans open its first hypermarket in Kyiv by January 2008.

March 13 2008
Universalna Insurance Sees Premiums From Individuals Double In 2006

Universalna Insurance (SKUN), Ukraine’s only listed insurer, increased premiums from individuals by 2.1 times in 2006 to USD 2.3 mln.

March 13 2008
Moody's Lowers Stirol Eurobond Rating

The Moody’s rating agency announced yesterday that it had downgraded Stirol’s (STIR: HOLD) from B3 to Caa1.

March 13 2008
Zaporizhtransformator Increases Net Revenues By 67% In 2005, Pays USD 5.2 mln In Dividends.

The company’s net revenues made up USD 110.2 mln, in line with our projections (USD 111 mln), while net income increased significantly from USD 0.05 mln in 2004 to USD 7.1 mln in 2005. 72.8% of net income will go for dividends (USD 0.0024 per share), 22.2% - for increase in working capital, 5% - to reserve fund.

March 13 2008
Halychyna Refinery To Boost Production.

After a meeting with Halychyna's new management team, the head of the Lviv regional state administration Petro Oliynyk announced that the refinery plans to increase crude refining by 1.8 times yoy, to 1.91 mln tons.

March 12 2008
Gazprom to Buy Central Asian Gas at European Prices Starting 2009?

In a press release yesterday, Gazprom said that its counterparts in Turkmenistan, Kazakhstan, and Uzbekistan are going to switch to European prices for natural gas starting in 2009.

March 12 2008
Industrial Output Up 8.8% yoy in 2M08

According to the State Statistics Committee, industrial output rose 11.5% yoy in February 2008, following relatively weak 5.7% yoy growth in January.

March 12 2008
Arcelor Mittal to Acquire Ukrainian Coal Mines to Secure Supplies

The world’s largest steelmaker, Arcelor Mittal said it is interested in taking part in the privatization of Ukrainian coal mines to cut the dependency of its local subsidiary Arcelor Mittal Kryviy Rih (KSTL: SELL) on external energy supplies, said the company’s vice president, Narendra Chaudhary.

March 12 2008
Prykarpatoblenergo Reports Preliminary 2007 Results

Electricity distribution company Prykarpatoblenergo (PREN: HOLD) reported USD 107.7 mln in net revenue for FY07 (+16% yoy).

March 12 2008
S&P Assigns BB- to City of Kyiv's Upcoming Bond Issue

According to Interfax, Standard & Poor's assigned a preliminary BB- rating to the city of Kyiv’s upcoming bond issue.

March 12 2008
SPF Announces Plans For Luhanskteplovoz, Odesa Portside Privatizations

The State Property Fund (SPF) announced last week that it planning to push through with plans privatize stakes in locomotive-maker Luhanskteplovoz (LTPL: HOLD) and the Odesa Portside Plant before the end of the year.

March 12 2008
Ukraine's 2M Industrial Output Growth Slips To 13.4%

According to the State Statistics Committee, Ukraine’s industrial output grew 11% yoy in February, down slightly from 15.8% in January bringing 2M07 growth to 13.4%.

March 12 2008
UkrAvto Assets Increase 2.3-Times In 2006

Ukraine’s largest automotive holding, Ukravto (AVTO) saw its assets increase by 2.3-times in 2006 to USD 210 mln.

March 12 2008
AvtoKrAZ To Send 100 Trucks To Algeria

AvtoKrAZ (KRAZ: HOLD) signed a deal last week for 100 large trucks with the Algerian government.