Daily monitor

The wholesale electricity price for July 2008, set by the National Electricity Regulatory Commission (NERC), increased 4.3% compared to June, reaching USD 70 per MWh.

The Cabinet of Ministers of Ukraine has prolonged the earlier-adopted reconstruction and modernization plan for gencos until 2020.

The NBU’s data on Ukraine’s foreign debt indicates that the whole country’s borrowings grew by USD 8 bln or 9.4% in 1Q08, up to USD 92.5 bln as of the end of March 2008.

On June 19, Zaporizhstal [ZPST UZ, Strong BUY] reported in an official press release on two details of the June 06 AGM.

Concern Galnaftogaz [GLNG UZ, Speculative BUY] increased the number of units in its highly profitable OKKO-branded network to 235, up 14 units from the last reported figure of 221. According to Ukrainian News, who cited the company’s press secretary, the total (branded and non-branded) number of units increased by 3 to 270.

Ukrsugar, the Ukrainian association of sugar producers, estimates the minimum sugar price at USD 0.82 due to the substantial cost increases of its production.

Mostobud [MTBD: BUY] has been chosen to start the reconstruction and is also a preferred candidate for the further rebuilding of the Olympic Stadium, the main event venue for Euro 2012 in Ukraine.

Avdiivka Coke [AVDK UZ, Strong BUY] conducted this year’s AGM on June 19.

Dnipropetrovsk Comintern Steel Works [DMZK UZ, BUY] increased its pipe output 36.7% YoY to 97.5 thsd metric tons and produced 20.4 thsd tons in 5M2008.

Kryukovsky Railcar [KVBZ UZ, U/R], the only Ukrainian producer of both passenger and freight railcars, has cinched a deal to produce double-decker passenger railcars with Finland’s Transtech Oy, which specializes in the production of these types of cars.