Daily monitor

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.

According to the AvtoKrAZ holding company [KRAZ UZ, N/R], the largest Ukrainian truck producer decreased production volume by 95% YoY to 100 trucks in 1H09. Currently KRAZ has 350 trucks in production out of 550 units for company inventory. In the first half of the current year about 50% of KRAZ’ vehicles were exported, versus 70% in the whole 2008.

Ukrainian News reported on iron, crude steel, and rolled products production for June and 1H09.

Ukrainian News reported on pipes production for June, which amounted to 142.8 thsd mt. This is up 7% MoM, but still 32% below the average 2008 monthly output of 208.8 thsd mt.

Metal Courier reported that the two steelmakers owned by Industrial Union of Donbas (IUD), Alchevsk ISW [ALMK UZ, U/R] and Dzerzhynka [DMKD UZ, U/R], will stop importing Russian iron ore materials and switch back to purchasing source materials at the domestic market.

Ukrainian News reported on coke production for June, which amounted to 1.36 mln mt. This is down -4% MoM, 17% below the average 2008 monthly output of 1.63 mln mt, and 21% below the average 2007 monthly reading of 1.72 mln mt.