Daily monitor

Concern Galnaftogaz [GLNG UZ, Speculative BUY] disclosed its non-consolidated UAS FY08 results.

DTEK Holdings Limited has accumulated 28.8% of Donetskoblenergo’s shares [DOON UZ: SELL]. Earlier, DTEK reported that as of January 1, 2008 it had 19.5% of DOON’s shares. A majority stake in the company (65%) is controlled by the state-owned Energy Company of Ukraine.

Ukraine’s grain exports reached 16 mln mt in the first eight months of the 2008/09 marketing year.

Ukrainian pipes and tubes production for February, 126.7 thsd mt, is up 51% MoM. The 2M09 production volume, 210.7 mln mt, is, however, 50% down YoY.

The State Statistics Committee of Ukraine has announced the nominal GDP figure for 2008. The value added amounted for UAH 950.5 bln (USD 180.4 bln at the annual weighted average exchange rate). The government had forecasted nominal GDP at UAH 956.8 bln for 2008.

According to Mr. Vintoniak, the CEO of the consulting agency “Infagro”, the production of milk in Ukraine will drastically shrink in 2009.

Dniprovagonmash [DNVM, U/R], the large domestic carriage producer owned by TAS Group, has announced its financial results for 2008.

Ukrzaliznitsya (UZ) signed a leasing agreement with Luhanskteplovoz [LTPL UZ, U/R] for the supply of six electric locomotives, four electric trains, two diesel trains, and one shunting locomotive.

According to Interfax, Coca-Cola is going to acquire the non-alcoholic beverage plant in Zaporizhzhia.

During the EGM held on February 26, the decision about the necessity of the state’s participation in the capital increase of Rodovid Bank [RODB UZ, N/R] was made.