Ukraine’s Ministry of Agriculture is seeking funds in order to create grain reserves. Yuriy Melnik, the Minister of Agriculture, stressed the dire need for grain procurements, so as to keep grain’s prices from falling on the domestic market.
Interpipe Novomoskovsk Pipes Plant [NVTR UZ, BUY] increased its pipes output 38% YoY to 184.5 thsd metric tonnes in 1H2008.
The Supervisory Board of Naftohaz of Ukraine was replaced by the Cabinet of Ministers of Ukraine on July 16. For the past few years, CMU had controlled Naftohaz directly, and the old Supervisory Board members were not actively involved in overseeing the company.
Concern Galnaftogaz [GLNG UZ, Speculative BUY] has reported selected consolidated IFRS financial results for FY07 and 1Q08.
Dniprovsky Iron & Steel Works named after Dzerzhinsky, or simply Dzerzhynka [DMKD UZ, BUY], is reportedly conducting cold tests of a brand new concaster No. 1.
The government of Ukraine has announced a pension hike for 10 mln Ukrainian citizens. The increase will be between UAH 75 and UAH 100 (USD 15.5-20.6) for each recipient.
The State Statistics Committee of Ukraine announced that unemployment in June fell to 1.9% compared to 2% in May and 2.2% in April 2008.
JSC Vinnytsyamyaso [VINM, N/R], the Ukrainian producer of meat, canned meat, meat by-products and sausages, has increased production by 20.6% YoY in June, up to USD 2.6 mln.
The Deputy Head of the President’s Office in Ukraine has announced that Ukraine can export a total of 15 mln mt of grain in 2008/09, which implies a USD 4 bln (vs. USD 0.8 bln in 2006/07).
The Ukrainian cement plants of Dyckerhoff Zement International increased cement output by 8.7% YoY to 1067 thsd tons in Jan-May.
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