Daily monitor

Ukrzaliznytsya has asked the Ukrainian government to grant USD 309 mln for the purchase of new passenger railcars.

Concern Galnaftogaz [GLNG UZ, Speculative BUY] has disclosed its selected consolidated IFRS 1H08 results.

The 8M08 results for the passenger railcar production of Kryukiv Railcar [KVBZ UZ, BUY] demonstrate a 4.6 times increase YoY, while the total output equals 70 passenger wagons.

The Head of the National Bank of Ukraine (NBU) Council, Mr. Petro Poroshenko, announced that the Council expects the USD/UAH exchange rate to stay within a 5% corridor around the current official exchange rate, 4.85 UAH per USD.

The State Statistics Committee of Ukraine has announced that real GDP in January-July 2008 grew 7.1% YoY. At the same time, real GDP in August 2008 grew 10.9% YoY.

The 8M08 results for railcar production by the Stakhaniv Railcar Works [SVGZ UZ, BUY] demonstrate a 20% growth YoY, while the total output equals 4.6 thsd wagons.

The OJSC Balcem and OJSC Kramatorsk “Pushka” Cement [KRCS, U/R], both of which are part of the “Eurocement Group Ukraine”, have increased their cement output by 18.8% YoY for the period January to July 2008. The companies’ total output has grown to 2.254 mln tons.

Ukrteleсom [UTEL UZ, U/R], the biggest landline telephone service provider in Ukraine, has opened new digital telephone stations (ATS) in two separate regional centers of Poltava Oblast

Ukraine's Cabinet of Ministers submitted Parliament the budget for 2009, which assumes UAH 285 bln (USD 58.8 bln) in profits and expenditures of UAH 302.4 bln (USD 62.4 bln).

The President of Ukraine, Victor Yushchenko, signed off on a law on making amendments to the law "On the state budget of Ukraine in 2008 and on making amendments to some legislative acts of Ukraine".