Daily monitor

Interpipe Nyzhnodniprovsky Pipe Rolling Works [NITR UZ, BUY] has introduced a new anti-corrosive coating line for oil and gas pipes.

Kryukiv Railcar [KVBZ UZ, U/R], the unique Ukrainian producer of both freight and passenger railcars signed a contract last week with Ukrzaliznytsya (UZ) to deliver two rail buses by the end of this year.

At a July 04 EGM, shareholders of Azovstal [AZST UZ, BUY] approved a statutory fund increase plan.

Ivano-Frankivskcement [IVFC, U/R] has opened a new cement plant with an installed capacity of 1.2 mln tons per year.

Mostobud [MTBD, BUY] began the reconstruction of the Olympic Stadium, the main event venue for Euro 2012 in Ukraine.

The decision to carry out an international valuation and audit was made at Kyivmiskbud’s EGM on June 30, 2008.

Avdiivka Coke [AVDK UZ, Strong BUY] has increased output by 40.1% to 2.377 mln mt in 1H08.

Ukraine’s gold and foreign currency reserves increased by 3.0% (or by USD 1,026.25 mln) in 6M08 hitting a new high of USD 35.439 bln.

The European Central Bank (ECB) increased interest rates by 0.25% to 4.25%, sending it to a seven year high, in order to fight the fastest inflation in 16 years.

Azovmash, the leading Ukrainian machine building holding, has increased its revenues by 50% in 1H08, having reported USD 609 mln in sales.