Daily monitor

On May 19, the PFTS announced that Zaporizhstal [ZPST UZ, BUY] will be re-listed on this main Ukrainian stock exchange.

DTEK, the owner of the Comsomolets Donbassa coal mine [SHKD UZ, N/R], has attracted a USD 150 mln loan with an interest rate of Libor+3% and a two-year credit term.

Official unemployment rate continues falling, 1Q08 FDI hit historical record and surplus from 1Q08 foreign services reach USD 1.2 bln: according to the newly released official statistics of Ukraine. Official unemployment in April 2008 was only 2.2% versus 2.6% in April 2007.

EBRD’s yearly summit is being held in Kiev (Ukraine) this time. EBRD’ sand Ukraine’s top officials spoke during the event. EBRD voiced its plans to invest USD 1.5-1.7 bln into Ukraine this year and above EUR 1 bln per annum in the future. The key investments will be made in energy saving and infrastructure development projects.

Motor Sich’s [MSICH, Buy] new plans involve capital expenditures of some USD 80 mln aimed at creating new helicopter engine assembly platforms in Russia.

On May 16, Dniprospetsstal [DNSS UZ, BUY] disclosed in an official filing further changes in nominal ownership structure.

Ukrnafta [UNAF UZ, BUY] announced that an AGM would take place on June 24.

The May 16 AGM of Dniprometiz [DMPO UZ, N/R] provided no details on the company’s development plans. The management indicated that such plans would be discussed at a later press conference.

Official statistics on retail trade indicate a 29.0% YoY growth in the sector’s turnover in 4M08. The growth in retail trade turnover accelerated from +27.2% YoY in 3M08 and +28.8% YoY in 2007.

According to the announcement made by Naftogas, the company intends to cut gas supplies to all Combined Heat and Power Plants (CHPP) which can not provide full payments for the consumed gas, including Kyivenergo [KIEN].