Daily monitor

Electricity exports from Ukraine to bordering countries for the 1H08 decreased by 31% YoY.

Kryukiv Railcar [KVBZ, U/R] increased its production of passenger cars x10 times YoY or by 39 wagons more in 1H08.

The Ministry of transport of Ukraine has introduced a draft law, which implies higher ecologic restrictions for motor transport imported into Ukraine.

Obolon, one of the top three beer producers in Ukraine, increased beer output by 10.5% to 59.8 mln dal in 1H2008.

Ukraine's Cabinet of Ministers signed a memorandum with the National Bank of Ukraine (NBU).

Concern Stirol [STIR UZ, U/R] reported its operational results and sales data on July 10.

The Zaporizhzhya Refractory [ZPVT UZ, N/R] increased output 0.5% YoY to 130 thsd tons in 5M2008.

Mariupol Illich Iron & Steel Works [MMKI UZ, BUY] has signed a 2008-2011 contract with the Russian Metalloinvest for supplies of 1.2 mln mt of iron ore concentrate per year.

Ukrnafta [UNAF UZ, Strong BUY] will save UAH 31.1 mln (USD 6.16 mln at USD/UAH 5.05) in rent payments due to a recent change in the extraction rent rate mechanism.

The Zaporizhzhya Refractory [ZPVT UZ, N/R] increased output 0.5% YoY to 130 thsd tons in 5M2008.