Daily monitor

The holding company "AvtoKrAZ" [KRAZ UZ, N/R] has downgraded its 2008 production plans to between 4.5 and 5 thsd trucks from the earlier projected figure of more than 5 thsd units.

Ukraine’s Cabinet of Ministers is initiating the annulment of the decision of AZOVMASH shareholders about the company’s reorganization from an OJSC to a CJSC.

The President of Ukraine’s Secretariat announced its 2009 forecast for inflation at the 14% level in 2009.

Tuesday, September 16 was the last day for the Parliament’s Nasha Ukrayina-Narodna Samooborona (NUNS) pro-presidential faction to recall their decision to exit the Parliamentary coalition.

Kryukiv Railcar [KVBZ UZ, BUY] and Ukrspetswagon have won a tender that was held by Ukrzaliznytsya for the delivery of 475 freight railcars

Ukrzaliznytsya has asked the Ukrainian government to grant USD 309 mln for the purchase of new passenger railcars.

Concern Galnaftogaz [GLNG UZ, Speculative BUY] has disclosed its selected consolidated IFRS 1H08 results.

The 8M08 results for the passenger railcar production of Kryukiv Railcar [KVBZ UZ, BUY] demonstrate a 4.6 times increase YoY, while the total output equals 70 passenger wagons.

The Head of the National Bank of Ukraine (NBU) Council, Mr. Petro Poroshenko, announced that the Council expects the USD/UAH exchange rate to stay within a 5% corridor around the current official exchange rate, 4.85 UAH per USD.

The State Statistics Committee of Ukraine has announced that real GDP in January-July 2008 grew 7.1% YoY. At the same time, real GDP in August 2008 grew 10.9% YoY.