Daily News


February 7 2008
Metal Producers Open A New Front In Economic War With Russia.

Ukraine has opened several large antidumping investigations against its northern neighbor. Inguletsky GOK, got the ball rolling by charging Russia with exporting concentrate to Ukraine for 34.7% less than its domestic price. The iron manufacturers Silur and Stalkanat joined the fray by accusing Russia of selling steel rope to Ukraine at 31.6% cheaper than domestically. Additionally, the Kharkiv Bearing Plant accused Russia producers of exporting bearings to Ukraine at 63.8% cheaper prices than in Russia.

February 7 2008
Draft Of New Law On Ukrtelcom Privatization Registered In Rada.

The main points of the law draft on Ukrtelecom’s (UTEL: HOLD) privatization:

February 7 2008
Rada Opens Spring Session Today.

This morning the Verkhovna Rada opened its spring session. Some of the larger items on the agenda this spring include: the appointment of Constitutional Court judges, a package of several WTO laws, UTEL’s privatization status and the ratification of an agreement between Ukraine and the European Investment Bank. The spring session will close on April 4.

February 7 2008
Kharkiv Aviation Company Sells Five An-74s To Sudan For USD 85 mln.

The agreement was signed in December 2005, with the deliveries to be made in 2007.

February 6 2008
Komsomolets Donbasa Raises Net Income 1.9x yoy in 2007

Komsomolets Donbasa (SHKD: HOLD) increased its net income in 2007 by 1.9x yoy to USD 14.0 mln, according to Interfax.

February 6 2008
WTO Admits Ukraine

Ukrainian President Viktor Yushchenko and WTO Secretary General Pascal Lamy signed a protocol to admit Ukraine to the World Trade Organization yesterday.

February 6 2008
Naftogaz Asks Cabinet's Approval to Buy 50 bcm of Gas from Central Asia

Naftogaz of Ukraine’s CEO, Oleh Dubina, asked Ukraine’s Cabinet of Ministers permission to purchase 50 bcm of natural gas from Central Asia, according to Ukrainian News.

February 6 2008
Galnaftogaz to Conduct IPO on LSE in 2009

According to a company press release, Galnaftogaz (GLNG: U/R) has decided to conduct its IPO on the London Stock Exchange and is targeting placement date in the beginning of 2009. 

February 6 2008
Cabinet to Consider Privatization of Ukrtelecom Today

The Deputy Head of the State Property Fund, Dmytro Parfenenko, is going to present the privatization plan of Ukrtelecom (UTEL: HOLD) to Ukraine’s Cabinet of Ministers today, according to Ekonomicheskie Izvestia.

February 6 2008
Tire Production Down 20.5% yoy in 2007

Automobile tire production dropped 20.5% yoy to 5.2 mln tires in 2007.

February 6 2008
ZAZ to Build Automobile Factory

Ukraine’s leading car producer, ZAZ intends to build a USD 1 bln automobile factory by 2015, according to Ukrainian News.

February 6 2008
ZAZ to Build Automobile Factory

Ukraine’s leading car producer, ZAZ intends to build a USD 1 bln automobile factory by 2015, according to Ukrainian News.

February 6 2008
NBU Reserves Shrink 2.1% mom in January

The National Bank of Ukraine said that its gold and foreign currency reserves decreased 2.1% mom to USD 31.8 bln in January.

February 6 2008
Money Supply Down 1.1% mom in January

According to the National Bank of Ukraine, money supply (M3) constricted 1.1% mom to USD 77.6 bln in January 2008.

February 6 2008
More Details of IUD-CVRD Contract Revealed

The Industrial Union of Donbass (IUD) will import iron ore sinter fines in 1Q07 from the Brazilian company MBR (a subsidiary of CVRD) for Alchevsk Iron & Steel (ALMK: BUY) and DMK Dzerzhynskogo Steel in Ukraine, according to the Chairman of the Board of IUD, Serhiy Taruta.

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