Daily monitor

At the July 31 AGM, shareholders of Khartsyzk Pipes & Tubes [HRTR UZ, N/R] decided to declare 98% dividends (DPS UAH 0.122, or USD 0.0263; dividend yield 7.4% at the July 31 close of UAH 1.65).

System Capital Management (SCM) officially announced of selling its share of 94% in Crimea brewery. According to Ukranews, SCM has reached an agreement to sell the Crimea Brewery (total output capacity a 10 mln dal).

The National Bank of Ukraine announced that its international reserves increased USD 2.58 bln (7% MoM) in June and reached USD 38 bln.

Astarta [AST PW, BUY] released an update on its harvest progress.

Ukrainian turbine producer, Turboatom [TATM, HOLD], will supply 4 turbines for Russian Egorlyk hydro power plant worth USD 1 mln by the end of 2009.

Sumy Frunze (SMASH, N/R), one of largest European producers of equipment for the oil and gas and the chemical industries, has signed a EUR 18.9 mln contract with the Russian Surgutneftegaz to supply three turbocompressor units for the reconstruction of an oil compressing station by September 2009.

More details have emerged about the July 30 EGM of Zaporizhstal [ZPST UZ, Strong BUY] at which the company declared 100% dividends.

The Ministry of Finance of Ukraine announced that the consolidated debt, which includes state debt and state-guaranteed debts. increased 0.3% MoM and 0.8% YTD in June 08, reaching USD 17.78 bln.

The Ministry of Finance of Ukraine announced that the state budget in 1H08 closed with a UAH 1.88 bln (USD 388 mln) surplus, an equivalent of 0.44% GDP.

The Parliament of Ukraine met for an emergency meeting on Thursday to vote for budget amendments addressing the consequences of the natural disaster in Western Ukraine.