Daily News


November 7 2008
Prykarpatoblenergo reports highest 9M08 profitability among Oblenergos

Prykarpatoblenergo (PREN) reported net revenue of USD 77.2 mln in 9M08 and net income of USD 8.7 mln: its net margin (11%) is the highest in the sector.

November 7 2008
Sumy Frunze announces USD 65 mln Gazprom contract

Sumy Frunze's (SMASH) press office said yesterday that the company signed a contract in September to supply Russian giant Gazprom with USD 65 mln worth of compressor equipment by July 2009.

November 7 2008
UMH gets license for Italian Brava Casa brand in Ukraine

United Media Holding (A65 GR) received the rights to the Italian Brava Casa brand in Ukraine from RCS MediaGroup.

November 7 2008
Ukrainian beet sugar production falls 30% yoy as of Nov. 5

Ukrsugar, the Ukrainian association of sugar producers, said yesterday that Ukrainian sugar refineries made 878.9 ths mt of sugar from beets so far in 2008, 30% less than over the same time last year.

November 7 2008
Nord owners in final stages of talks to sell out to Czech investors

Ukrainian press has reported that the owners of Nord Group, which includes traded refrigerator manufacturer Nord (NORD) are in the final stages of talks to sell the company to undisclosed Czech investors.

November 7 2008
Ukrsotsbank Intends to Prolong USD 250 mln Syndicated Loan

Ukrsotsbank (USCB: HOLD) Chairman Boris Timonkin told Interfax that the bank intended to prolong the USD 250 mln one-year syndicated loan it received in December 2006.

November 7 2008
Rodovid Bank Looking to Issue an Additional USD 50 mln in Local Bonds

Rodovid Bank (RODB: BUY) is considering issuing USD 250 mln (about USD 50 mln) in three-year local bonds before the end of the year, according to Bank Chairman Denis Gorbunenko.

November 7 2008
GNG Finance Sells USD 50 mln Notes Convertible to Galnaftogaz shares

According to Bloomberg, GNG Finance Public Limited sold USD 50 mln 5% 5Y mandatory conversion in shares.

November 7 2008
Ukravto Sets Up JV with GM, Starts Production of Chevy Aveo

Ukravto (AVTO: N/R) announced yesterday that it agreed with General Motors to create a joint venture (60% owned by Ukravto, 40% - GM, preliminarily) to produce cars in Poland, according to Ukrainian News.

November 7 2008
Inflation Up 2.9% mom in October

According to the State Statistics Committee, in October the inflation rate grew by 2.9% mom and reached 11.7% since the beginning of the year.

November 7 2008
Ukraine Moves Up 8 Spots In International Corruption Survey

Ukraine moved up eight places to 99th on Transparency international’s 2006 Corruption Perception Index with a score of 2.8.

November 7 2008
Inflation Jumps To 2.6% In October

CPI increased by 2.6% yoy in October bringing Ukraine’s 10M inflation figure to 8.7%. The 2.6% monthly increase was the largest Ukraine has seen in the last six years.

November 7 2008
NBU's Hard Currency Reserves Reach Historical Maximum

Yesterday, the National Bank announced that its hard currency reserves had reached a record high, USD 19.48 bln.

November 7 2008
Odessaoblenergo To Increase Charter Fund?

At its EGM yesterday Odessaoblenergo (ODEN), shareholders voted to increase the company’s charter fund by 2.9 times through an additional shares issue.

November 7 2008
AZST 10M Production Numbers Up

Azovstal (AZST: BUY) raised production of finished steel products by 0.1% yoy in 10M to 4.4 mln mt.