Daily monitor

UkrAVTO Corporation [AVTO UZ, N/R] intends to concentrate the production of Lanos brand cars at the Zaporozhia automobile plant (ZAZ, Ukraine) and the production of Chevrolet Aveo at the Warsaw motor-car factory (FSO, Poland) by October 2008.

President halted privatization again. TATM: NEUTRAL

The board of Ukrtelecom [UTEL UZ, U/R], Ukraine's largest telecommunications company, decided to issue registered interest bonds (series B) worth UAH 250 million (USD 51.5mn) at the meeting on June 24.

The Transport and Communication Ministry insists on fixing less than UAH 400 million losses in the financial plan of Ukrtelecom [UTEL UZ, U/R], telecommunication company, for 2008 Transport and Communication Minister Iosyp Vinskyi said.

The National Bank of Ukraine (NBU) has announced the results of the April-June 2008 survey on the inflationary expectations of 1,296 businessmen across the country.

Odessa Baby Food Cannery (OBFC), is a major operational asset of the Vitmark holding. Vitmark is the second largest juice producer in Ukraine, with a market share of 23%.

The electricity distribution company, Poltavaoblenergo [POON], reported that its 2Q08 net sales are up by 28% YoY, amounting to USD 72 mln.

The wholesale electricity price for August 2008, set by the National Electricity Regulatory Commission (NERC), increased 3% compared to June, reaching USD 73 per MWh.

Zaporizhtransformator [ZATR, N/R], one of largest world producer of electric transformer equipment decided to pay 68.9 mln in dividends from its 2007 net income.

Dnipropetrovsk Comintern Steel Works [DMZK UZ, U/R] increased pipes’ output by 31.4% YoY to 116.2 thsd metric tonnes in 1H2008 and produced 17.8 thsd metric tonnes in June 2008.