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Machinery
October 7, 2008
Sokrat: SVGZ approves share issuance: NEUTRAL

Stakhaniv Railcar Works [SVGZ UZ, BUY], at their EGM on October 06, has approved a share issuance that was held from July 08 to July 29 of this year.

Economy and politics
October 7, 2008
Sokrat: Ukraine PPI in September falls 1.8% MoM

According to the early morning announcement of the State Statistics Committee of Ukraine, PPI in Ukraine fell 1.8% MoM, thus reaching a 34% YTD figure.

Economy and politics
October 7, 2008
Sokrat: Ukraine inflation in September is 1.1% MoM

According to the early morning announcement of the State Statistics Committee of Ukraine, inflation in September hit 1.1% MoM (16.1% YTD and 24.6% YoY).

Electricity
October 6, 2008
DNEN will spend USD 4.4 bln by 2020: POSITIVE

Dniproenergo [DNEN UZ, BUY] plans to spend about UAH 22 bln (~ USD 4.4 bln) by 2020 on the reconstruction and renovation of its generation capacity.

Construction
October 6, 2008
Eurocement Ukrainian division: NEUTRAL

According to the publication “Ukrainian Times”, the OJSC “Eurocement Group Ukraine” is now under new ownership, with the very recent sale of the Kiev-based company. According to the publication “Ukrainian Times”, the OJSC “Eurocement Group Ukraine” is now under new ownership, with the very recent sale of the Kievbased company. As of the purchase date, is fully owned by the Galaks Holdings Limited of Cyprus.

Agriculture
October 6, 2008
Ukraine’s harvest update: POSITIVE

According to Ukranews, as of October 3, 2008 Ukraine’s agricultural farms harvested an overall amount of 45.43 mln mt of grain and leguminous plants. According to Ukranews, as of October 3, 2008 Ukraine’s agricultural farms harvested an overall amount of 45.43 mln mt of grain and leguminous plants.

Metals and Mining
October 6, 2008
21% of Ferrexpo sold: the quintessence of crisis

Ferrexpo PLC [FXPO LN, N/R] announced in an October 06 shareholder disclosure that Fevamotinico S.a.r.l. sold 20.8% of Ferrexpo’s shares to RPG Industries SE, the majority owner of New World Resources NV [NWR LN], a Czech coal producer.

Metals and Mining
October 6, 2008
Ukrainian steelmakers under review

Due to the current crisis on steel markets, we have put all Ukrainian steelmakers under review. Due to the current crisis on steel markets, we have put all Ukrainian steelmakers under review.

Metals and Mining
October 6, 2008
Krasnodonvugillya shut down after disaster: NEGATIVE

Krasnodonvugillya, the main coking coal producer of the Metinvest Group, has been shut down after an October 04 methane blast at one of its mines, Duvannaya, killed 6 miners. Krasnodonvugillya, the main coking coal producer of the Metinvest Group, has been shut down after an October 04 methane blast at one of its mines, Duvannaya, killed 6 miners.

Economy and politics
October 6, 2008
Ukraine National Bank reserves fall 1.4% in September

The National Bank of Ukraine (NBU) announced that its foreign reserves fell USD 533.98 mln (1.4% MoM) in September and reached USD 37.53 bln.

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