Daily monitor

The European Bank for Reconstruction and Development (EBRD) is currently considering the possibility of providing a loan of USD 50 mln to Ukraine via the company NCH New Europe Property Fund L.P..

Poltava GOK [PGOK UZ, U/R], also called Ferrexpo Poltava Mining, announced an AGM for April 24. The AGM invitation included data on FY08 net income, - UAH 614.5 mln (USD 116.6 mln), which is up 80% YoY (73% in dollar terms).

The World Bank and Ukraine have started a project aimed at the improvement of electricity transmission networks, which is part of the integration of Ukrainian grids into the UCTE (Union for the Co-ordination of Electricity Transmission). The project terminates in 2013.

At its EGM on March 3, shareholders of Ukrsotsbank [USCB UZ, U/R] decided to increase the bank’s statutory fund by UAH 200 mln.

The Verkhovna Rada, the Parliament of Ukraine, has overturned President Viktor Yuschenko‘s veto on prolonging the restriction on land trading in Ukraine. A total 382 of deputies voted on the extension of the Moratorium until January 1, 2010.

Concern Galnaftogaz [GLNG UZ, Speculative BUY] disclosed its non-consolidated UAS FY08 results.

DTEK Holdings Limited has accumulated 28.8% of Donetskoblenergo’s shares [DOON UZ: SELL]. Earlier, DTEK reported that as of January 1, 2008 it had 19.5% of DOON’s shares. A majority stake in the company (65%) is controlled by the state-owned Energy Company of Ukraine.

Ukraine’s grain exports reached 16 mln mt in the first eight months of the 2008/09 marketing year.

Ukrainian pipes and tubes production for February, 126.7 thsd mt, is up 51% MoM. The 2M09 production volume, 210.7 mln mt, is, however, 50% down YoY.

The State Statistics Committee of Ukraine has announced the nominal GDP figure for 2008. The value added amounted for UAH 950.5 bln (USD 180.4 bln at the annual weighted average exchange rate). The government had forecasted nominal GDP at UAH 956.8 bln for 2008.