Daily News


March 12 2008
Bank Forum To Attract USD 36 mln Syndicated Loan

Bank Forum’s (FORM: BUY) press service announced last week that the bank would hold a signing ceremony on March 13 for a USD 36 mln  three–year syndicated loan from the European Bank of Reconstruction and Development (EBRD) and a group of other banks.

March 12 2008
Russia's Alliance Group Sells Kherson Refinery To Kazakh Gas Company?

According to a local Ukrainian daily, Russia’s Alliance Group sold its Ukrainian holding, Alliance Ukraine, which controls about a 70% stake in the Kherson Refinery, to a company controlled by Kazhakhstan’s Kazmunaygaz for USD 120 mln.

March 11 2008
Naftogaz to Pay USD 321/tcm for Gas Delivered in Jan-Feb �08?

Kommersant newspaper, referring to a copy of a contract between Naftogaz of Ukraine and RosUkrEnergo as of March 6, reported that Naftogaz of Ukraine agreed to pay USD 321/tcm for natural gas delivered in January-February 2008.

March 11 2008
Israeli Hapoalim Gets Regulatory OK to Acquire Ukrinbank

According to Ukrainian News agency, the Antimonopoly Committee of Ukraine has given permission to Hapoalim Bank, Israel’s second-largest lender, to acquire a 75.8% stake in Ukrinbank (UKIB: BUY).

March 11 2008
Megabank to Increase Charter Fund by 20%

Megabank (MEGA: BUY) announced it will vote on increasing its charter fund by 20% to USD 47.5 mln at its AGM scheduled for April 22.

March 11 2008
Bank Forum’s Market Share to Double in 4 Yrs

According to Interfax, German Commerzbank, which acquired a 60%+1 stake in Bank Forum (FORM: BUY), announced that it expects Forum to double its market share from its current 2.6% over the next four years.

March 11 2008
SCM Restructures Ownership at Druzhkivka Machinery

Ukrainian News reported that Cyprus-based Ukrainian Machine Building Holding replaced SCM as the holder of 65.26% of shares in Druzhkivka Machinery (DRMZ: BUY).

March 11 2008
Kernel Holding Announces Results of Share Offering

Kernel Holding (KER PW: N/R) announced the results of the offering of its new shares

March 11 2008
Creative Group Looking to Reduce Par Value of its Shares

According to Ukrainian News agency, Creative Group (CREA: N/R) is considering reducing the par value of its shares from UAH 2,000 (USD 396) to UAH 20 (USD 4), while the volume of the company’s charter fund will remain unchanged.

March 11 2008
Ferrexpo Buys Additional Equipment, Signs Contract for Pellet Deliveries

According to Bloomberg News, Ferrexpo (FXPO LN: N/R) announced it will purchase 16 dump trucks and other equipment worth USD 55 mln.

March 11 2008
Severstal to Acquire TAS’s Stake in Dniprometiz

Germany-based Severstal-Metiz filed a request to a German regulatory authority to increase its stake in Dniprometiz (DMPO: BUY) from 60% to 95%.

March 10 2008
February Industrial Output Up 1.5% yoy.

In January-February industrial output declined by 0.6% yoy.

March 10 2008
Coke Production Down 13% In Jan-Feb 2006.

In two months 2006, Ukraine’s coke makers produced 2,979 ths mt of coke, down 13% yoy. Donetsk Coke, Avdiyivka Coke, Yasynivsky Coke and Bahliy Coke sustained the largest fall in production, while ZaporizhCoke was the only company to increase its output.

March 10 2008
Pipe Production Up 4.6% In Jan-Feb 2006.

Pipe Production Up 4.6% In Jan-Feb 2006.

March 10 2008
Government To Increase Pensions In 2005

According to the PM Yulia Timoshenko, the government plans to raise the minimum pension from USD 55.7 to USD 62.6 a month and the average pension to USD 72.3 per month, a 23.5% increase. The government claims to enable this increase of pensions through an outpacing growth in salaries, in particular in budget sector by 56.8% to USD 133.6.