Daily monitor

In November, the Zaporizhia car assembly plant (ZAZ) – the largest producer of cars in Ukraine – reduced its production by 63.47% (or 11,539 cars) to 6,641 cars, compared to October. This data was released in a statement made by the plant, according to the Ukrainian News agency.

Given the exclusive niche held by Motor Sich [MSICH UZ, U/R] in the aircraft engine industry, it seems that it is bound to benefit from a deal signed this past week in India.

The AvtoKrAZ Holding Company [KRAZ UZ, N/R], based in Kremenchug, Poltava region, has reached an agreement whereby the company will supply 160 vehicle sets to Cuba and engage in long-term cooperation in the framework of a project for modernizing Cuba’s motor transport vehicle fleet.

A new initiative whereby Ukrainian subscribers may be able to change from one telephone operator to another while still maintaining their same number and national roaming service thanks to the introduction of Ukraine’s parliament of draft law No. 3420 “On amending the Law of Ukraine “On Telecommunications” (to increase the list of services)” of 28.11.2008.

Transport and Communications Minister Yosyp Vinskyi has insisted that the state rail transport administration Ukrzaliznytsia settles its debts owed to railcar-building and railcar-repairing companies before December 15. This information was released in a statement issued by the press service of the Transport and Communications Ministry.

The Kharkiv-based Turboatom [TATM UZ, HOLD] – the largest turbine manufacturer in Ukraine – has agreed with the Energy Ministry of Tajikistan on the supply of six turbines and a hydraulic lock to the Nurek hydroelectric power station (Tajikistan) during the period 2009-2012. The President of Tajikistan has instructed the Energy Ministry to sign the relevant agreement by December 31.

The National Bank of Ukraine (NBU) has cancelled the anti-crisis resolution No. 319 of October 11, 2008, which was about additional measures on the activities of banks and declared a moratorium on the early withdrawal of deposits, as well as introducing not so tough limitations. Its respective decision is stipulated in bank resolution No. 413 of December 4, 2008, which took effect upon being signed.

National statistics indicate that CPI in Ukraine has increased 1.5% MoM, thus reaching 19.8% YTD and 25.5% YoY in January-November 2008.

The National Bank of Ukraine (NBU) has changed its requirement of banks for the daily allocation of funds of obligatory reserves to a correspondent account in the central bank, and its requirement on the formation of reserves using funds raised in the national and foreign currency.

The UkrAVTO Corporation [AVTO UZ, N/R] – Ukraine's biggest car-maker and dealer, which is also known as the Ukrainian Automobile Association – has introduced a new leasing program for customers, through which one can buy a car paying 4.99% per annum in hryvnia and independent of involvement of any banking institutions. This information was revealed by the ‘proUA’ press service.