News
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July 14, 2010
Market Comment
Ukrainian equity markets corrected yesterday (July 13), scooping up trivial losses from the previous session. Moody's downgrade of Portugal's rating couldn’t spoil buyers’ plans as trading on the UX index finished strong. As a result, the UX closed with a gain of 0.96% on a weak total trading volume of UAH 57.7 mln. With the exception of Sumy Frunze (SMASH -0.35%), all names in the index basket closed in the black.
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July 14, 2010
Macro: Ukraine’s budget revenues up in 1H2010
Event: Budget revenues collected in 1H2010 totaled UAH 104.5 bln (+15.5% Y-o-Y), the State Treasury of Ukraine reported on July 12. General fund revenues reached almost UAH 90 bln, while the special fund recorded UAH 14.6 bln. Import VAT was the largest income category accounting for a 31.8% share. During January-June 2010, the State Treasury refunded UAH 7.8 bln in VAT obligations.
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July 14, 2010
Oil & Gas: Ukraine raises residential gas tariffs
Event: The National Electricity Regulatory Commission of Ukraine (NERC) decided to raise residential gas tariffs by about 50%, effective August 1, 2010. The decision was made on July 13 and an official announcement was published on NERC’s website the same day.
