Daily monitor

Leading telecommunications provider Ukrtelecom [UTEL UZ, U/R], which offers broadband internet services under the ‘Ogo’ brand, has confirmed its lead position on the internet service provider market in 9M08.

Myronivskiy Khliboprodukt [MHPC LN, U/R] is a vertically integrated holding consisting of 20 enterprises with a focus on poultry production, grain cultivation and sunflower oil trading.

Mriya [MAYA GR, N/R], a Ukrainian agricultural holding, released its plans to expand the holding’s land bank under lease by 35.7% to 190 thsd ha in 2009.

The Zaporizhya-based Motor Sich [MSICH UZ, BUY] company – the largest producer of aviation jets and gas-turbine units in the CIS – has announced it is expecting a decline in production in 2008 compared to the 2007 level due to the current economic downturn. This announcement was made by Anatoliy Malysh, the Chairman of the company’s Supervisory Board.

Ukraine’s real GDP fell 14.4% YoY in November after a 2.1% contraction in October. Therefore, the GDP YoY growth in January-November 2008 reached 3.6%, compared to the 5.8% growth seen in January-October 2008.

Ukraine’s merchandise deficit increased in October by USD 1.79 bln. Therefore, the merchandise deficit in January-October 2008 reached USD 16.07 bln, compared to USD 14.28 bln in January-September 2008.

Volodymyr Krotiuk, the Provisional Administrator of Prominvestbank, intends to approve the financial recovery program of the bank with state involvement.

On Friday, Ukraine’s Parliament passed the law “About reducing the influence of the world financial crisis on the construction sector in Ukraine” during its first reading.

Shareholders of the Kramatorsk “Pushka” Cement Plant [KRCS UZ, U/R] have added another issue – to not increase the company’s statutory fund – to the agenda for the upcoming EGM.

Cement output in November constituted 957 thsd metric tons, which is 18.6% less that in November 2007 and 26% less that in October 2008. The 11-month aggregated output constitutes 14.5 mln metric tons, while the 10-month growth rate was 5.2% YoY.