Daily monitor

On December 25, 2008, the electricity generation company Dniproenergo [DNEN UZ, BUY] launched its unit #10, with a 282 MW capacity, at the Kryvyy Rih Fossil-Fuelled Power Plant FFPP).

According to Interfax, at a meeting on Saturday, the Ukrainian Cabinet of Ministers took a decision barring banks from confiscating the apartments of citizens that were bought under loan agreements with banks if, at least, the amount covering the interest on those loans is repaid.

The Zaporizhya-based Motor Sich [MSICH UZ, BUY] company – the largest producer of aviation jets and gas-turbine units in the CIS – now faces two key risks, which are lack of money amongst buyers and its exports to Russia, according to recent news by Umgk.info news portal.

On Friday, Ukraine's Parliament passed the law “On preventing the international financial crisis from hindering the construction sector in Ukraine”, which amends a series of laws.

The Ukrainian Parliament has passed the 2009 budget on Friday, December 26, 2008. The bill was supported by 226 MPs, exactly the number needed to pass the budget.

According to Metal Courier, CJSC YuTiST, a small Ukrainian pipes and tubes producer, is going to report going into sanation on December 27.

Late Christmas day State Statistics Committee of Ukraine announced that the average salary in Ukraine fell 4.9% MoM and the volume of delayed wages grew by 66.4%.

Ukraine’s Parliament has failed to pass the 2009 draft budget proposed by the government. The draft budget proposed expenses of UAH 265.6 bln (USD 34.1 bln) and profits of UAH 237.5 bln (USD 30.5 bln). The project was supported by 223 MPs while 226 votes were needed for this bill to pass.

According to various press reports, the Midland Group, which controls about 48% of Zaporizhstal [ZPST UZ, U/R], intends to split.

The National Commission for Regulation Communications has developed draft amendments to the conditions for the licensing of mobile services, according to the newspaper “Economic News”. The draft proposes the introduction of certain changes in the dates operators must begin immediately providing telecommunications services and networks covering a specific territory.