Daily monitor

In June 2009, the Ukrainian car market recorded a 78% drop compared to the same period in 2008, according to Delo newspaper. Car production in June was below the level of Mays’s output by 13% with output at 11.2 thsd units.

Lvivoblenergo's [LVON UZ, BUY] CEO spoke about the company's CapEx related to the preparations for the EURO 2012 football championship.

According to Interfax agency, Ukrainian businessman Sergei Tihipko is going to sell a part of his assets, including Kryukiv Railcar [KVBZ UZ, U/R] and TAS insurance company. Tihipko has plans to sell the selected assets quickly and use the cash to fund his bid in the upcoming presidential election in Jan 2010.

According to RBC agency, Prime Minister Putin signed a decree to increase RZD’s statutory capital by RUB 11.3 bln. About RUB 3 bln. (USD 96 mln.) of the new capital will be spent by RZD on passenger cars orders from Tver Wagon Plant, which is owned by Transmashholding and (TMH) where RZD controls 25%.

According to a note from the National Bank of Ukraine, foreign reserves dropped USD 448.7 mln (1.6% MoM) in June and have reached USD 27.34 bln. The YtD drop, therefore, has reached 13.3% (USD 4.2 bln).

The Antimonopoly Committee of Ukraine (AMC) approved the sale to Mriya of a more than 50% stake in six sugar plants in Ternopil region. The sugar plants previously belonged to Ukrainian Industrial Group.

Ukraine has issued government bonds maturing in 2017-2019 to the 3 banks which are first in line to be recapitalized. The bonds total UAH 9.47 mln.

The National Bank of Ukraine announced its preliminary aggregated data concerning the performance of the Ukrainian banking system in June. Private deposits rose 2.68% MoM (-7.66% YtD) to UAH 199 bln, while corporate deposits declined by 1.11% MoM(-17.08% YtD) to UAH 117.9 bln.

According to a note from the State Statistics Committee, CPI grew 1.1% MoM while PPI grew 1.4% MoM in June. Therefore, CPI has grown 15% YoY and 8.6% YtD while PPI demonstrated a 0.9% YoY decline and 4.2% growth YtD.

On June 25, the Word Trade Organization (WTO) declared that Ukraine’s 13% import duties on foreign vehicles needed to be scrapped. WTO members (USA, Japan and EU) are not satisfied with the current import duties on vehicles; likewise South Korea with refrigerators.