Daily monitor

During a recent press conference, Mr. Yaroslav Bondarenko, the Director of Economics and Finance at HC AvtoKrAZ [KRAZ, N/R], has announced that the company plans to postpone its IPO, the preparation for which was initially scheduled for completion by the end of 2008.

Zaporizhtransformator [ZATR UZ, N/R], one of the largest producers of electric transformers equipment in the world, has signed a USD 24 mln contract for delivering four transformers and four shunt reactors to the national power company Ukrenergo.

On June 25, Ukraine resumed electricity export to Belarus due to failure of one of the largest power plants in Belarus, Lukomol Power Plant.

Prydniprovsk Dairy Plant, a Ukrainian independent dairy producer, held a successful AGM on June 30, 2008.

Zaporozhkoks [ZACO UZ, N/R] conducted this year’s AGM on June 27.

According to the market research agency IKS-Consulting, Ukrtelecom [UTEL UZ, U/R] increased its mobile users by 21.34% in 5M08.

Nominal salary totaled USD 355 (UAH 1774) in May. In UAH, salaries grew 2.2% MoM and in USD, their monthly growth reached 3.6% since the National Bank appreciated the hryvnya last month.

The Ukrainian Land Committee wants to increase lease rates for agricultural land from the current 1.5-2% to 6% of the land assessment in money terms, announced Mr. Voyevodin, the Head of the Land Committee.

A group of shareholders of Energomashspetsstal [ENMA UZ, N/R] is disputing in court the results of a UAH 60.7 mln share capital increase that took place in March 2008.

Astarta [AST PW, BUY] has released the company’s development model for 2008-2012 at the Warsaw Stock Exchange on June 25, 2008.