Daily monitor

According to the State Statistics Committee, telecommunications revenue increased by 2% MoM in May to USD 498 mln. Revenue from urban and rural fixed line services increased by a meager 0.1% and 2.9% respectively; intake from domestic long distance (DLD) and international long distance (ILD) was boosted by 23.9% MoM and 70.9% MoM respectively.

According to the press service of Sumy Frunze Machine Building [SMASH UZ, N/R] – one of Europe’s largest producers of equipment for the oil, gas, and chemical industries – the company will deliver three gas turbine power generation units to a Russian company, Surgutneftegaz, by April 2010.

According to Interfax, Antonov Corporation have already 52 firms orders and 80 units options of new passenger airplane An-148.

According to Kommersant newspaper, as of June 18, the Ukrainian government had not discussed the question of purchasing new busses from local producers in preparation for the Euro 2012 football championship. A day earlier, the Ukrainian Prime Minister Yulia Tymoshenko stated that local bus producers could supply the required number of busses for Euro 2012.

MCB Agricole [4GW1 GR, BUY], a Ukrainian agricultural producer with a land bank of 100 thsd ha, has started its harvesting campaign in Crimea and in Odesa region. The total area sown with winter crops amounts to 63.2 thsd ha. For the harvesting campaign Agricole is going to use 139 agricultural machines (41% own machinery, 59% leased).

Ukrros [UROS UZ, BUY], released today its operational update on the sown area for the 2009/10 marketing year. The company used a total of 103 thsd ha for the harvesting campaign, including 24.6 thsd ha for winter crops and 78.4 thsd ha for spring crops. The company stated that 17 thsd ha was cultivated with sugar beet.

According to the State Statistics Committee, Ukraine’s production output of railcars dropped by 75% YoY to 700 units in May. During the first five months, railcar production decreased by 72.5% YoY to 3700 units.

Retail group [RTGR, N/R], the parent holding of Ukraine’s well-known domestic retailer Velyka Kyshenya, is considering the private placement a 10-25% of its stake in the next 2 months.

The State Statistics Committee released a report showing that Ukraine’s grain reserves have increased by 26% YoY to 8.4 mln mt of grain. In particular, wheat amounted to 4.2 mln mt, corn increased to 1.8 mln mt, barley totaled 1.2 mln mt and rye came in at 0.4 mln mt. Furthermore, sunflower seeds now total 1.6 mln mt.

On June 16, the EBRD Board approved a proposal to finance Megabank[MEGA UZ, U/R]. According to Anton Usov, spokesman of the EBRD Representative Office in Kyiv, the decision concerned a EUR 20 mln investment into Megabank’s equity and long-term senior loan.