Daily News


November 6 2008
Steel Production Rises 5.3% yoy in 10M07

Steel Production Rises 5.3% yoy in 10M07 

November 6 2008
Rolling Production Climbs 2.5% yoy in 10M07

Rolling Production Climbs 2.5% yoy in 10M07 

November 6 2008
Pig Iron Production Boosted 9.0% yoy in 10M07

Pig Iron Production Boosted 9.0% yoy in 10M07 

November 6 2008
Iron Ore Production Up 6.4% yoy in 10M07

Iron Ore Production Up 6.4% yoy in 10M07 

November 6 2008
Coke Production Rises 6.9% yoy in 10M07

Coke Production Rises 6.9% yoy in 10M07 

November 6 2008
NBU Currency Reserves Up 3.6% in October

The National Bank of Ukraine said yesterday that its foreign currency reserves grew 3.6% in October to USD 31.7 bln.

November 6 2008
Yushchenko Vetoes Bill Cutting Shareholder Meeting Quorum To 50%

President Viktor Yushchenko on Friday vetoed a bill recently adopted by parliament that would have reduced the minimum quorum for shareholder meetings to 50% plus one share, from the current minimum of 60% plus one share.

November 6 2008
Ukrnafta Plans Management Reshuffle

The shareholders of Ukrnafta (UNAF: SELL) plan to reshuffle the company's Management and Supervisory Boards, and the Audit Committee, at the company’s EGM scheduled for Nov.17.

November 6 2008
Ukrtelecom Announces Plans For 2006-2007

Ukrtelecom (UTEL: BUY)expects to report USD 1.29 bln in sales (1.2% yoy growth) and USD 121 mln in net income (32% decrease yoy).

November 6 2008
NBU's Gold & Foreign Currency Reserves Up 1.6% In October

The National Bank’s (NBU) gold and foreign currency reserves grew by USD 310 mln in October to USD 19.5 bln, an increase of 1.6% yoy, up 0.3% ytd.

November 6 2008
Bank Forum To Increase Statutory Fund By 80%

Bank Forum (FORM: BUY) has announced plans to increase its charter fund by 100 mln to USD 221 mln through an additional share issue.

November 6 2008
Cabinet Gives Coal Ministry Power To Push Through Privatizations

On Friday, the Cabinet signed order giving the Coal Ministry sole responsibility for implementing government reforms in the industry effective November 20.

November 5 2008
Prominvestbank, Nadra Bank sold?

Rumors surfaced over the last 24 hours of the pending sales of two troubled Ukrainian banks, Prominvestbank and Nadra (NADR).

November 5 2008
Bogdan decreases 2009 production target by 40%

President Oleg Svinarchuk of Bogdan Corporation, which includes Bogdan Automobile Plant (LUAZ), said yesterday that due to the financial crisis, the company revised its production target downward by 40% in 2009 to 100-105 ths vehicles.

November 5 2008
Zaporizhtransformator delivers four reactors to Russian Sverdlovsk region

Zaporizhtransformator (ZATR) reported yesterday that it supplied four power reactors to the Yemelino substation being constructed in Sverdlovsk region (Russia).