Daily monitor

The 8M08 results for railcar production by the Stakhaniv Railcar Works [SVGZ UZ, BUY] demonstrate a 20% growth YoY, while the total output equals 4.6 thsd wagons.

The OJSC Balcem and OJSC Kramatorsk “Pushka” Cement [KRCS, U/R], both of which are part of the “Eurocement Group Ukraine”, have increased their cement output by 18.8% YoY for the period January to July 2008. The companies’ total output has grown to 2.254 mln tons.

Ukrteleсom [UTEL UZ, U/R], the biggest landline telephone service provider in Ukraine, has opened new digital telephone stations (ATS) in two separate regional centers of Poltava Oblast

Ukraine's Cabinet of Ministers submitted Parliament the budget for 2009, which assumes UAH 285 bln (USD 58.8 bln) in profits and expenditures of UAH 302.4 bln (USD 62.4 bln).

The President of Ukraine, Victor Yushchenko, signed off on a law on making amendments to the law "On the state budget of Ukraine in 2008 and on making amendments to some legislative acts of Ukraine".

Concern Stirol [STIR UZ, U/R] stated in a press release that the last of its three ammonia synthesis aggregates has been modernized.

Zaporizhtransformator [ZATR UZ, N/R] will deliver 12 autotransformers, at a total value of USD 27 mln, in 2009-2010 for the "Hangar" substation (Russia).

Slavutych [SLAV UZ, BUY] has introduced a new beer for distribution on the Moldovan market, which was formally launched on Tuesday in Kishinev.

Evraz Group [EVR LI, N/R] announced on September 11 that it has closed the acquisition of 48.6% of shares in Palmrose Ltd of Cyprus.

The State Statistics Committee of Ukraine has released figures on real industrial output growth in August 2008. Real output in August 2008 fell 5.3% MoM (vs. a 1.9% decline in July 2008) and fell 0.5% YoY (vs. 5.1% growth in July 2008).