Daily monitor

The decision to carry out an international valuation and audit was made at Kyivmiskbud’s EGM on June 30, 2008.

Avdiivka Coke [AVDK UZ, Strong BUY] has increased output by 40.1% to 2.377 mln mt in 1H08.

Ukraine’s gold and foreign currency reserves increased by 3.0% (or by USD 1,026.25 mln) in 6M08 hitting a new high of USD 35.439 bln.

The European Central Bank (ECB) increased interest rates by 0.25% to 4.25%, sending it to a seven year high, in order to fight the fastest inflation in 16 years.

Azovmash, the leading Ukrainian machine building holding, has increased its revenues by 50% in 1H08, having reported USD 609 mln in sales.

In June 2008, Khartsyzsk Tube Works [HRTR UZ, Sell] reduced output 50% MoM to 21 thsd metric tons of pipes.

Slavutych [SLAV UZ, BUY], a Ukrainian beer producer, formerly affiliated with the Baltic Beverage Holding (BBH), became a part of the international holding Carlsberg.

Ukraine’s Minister of Finance Viktor Pinzenyk announced that profits of the State Budget general fund are exceeded by UAH 8.3 bln in 1H08.

Nikopol Ferroalloys [NFER UZ, N/R] reduced output 2.8% YoY to 530 thsd metric tons in 1H2008 and produced 82 thsd metric tons of ferroalloys in June.

Azovstal [AZST UZ, BUY] reported in an official press release that it has obtained the Russian Federation ISO R 9001-2001 quality control certificate.