News
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July 06, 2010
Market Comment
Investor confidence in Ukrainian stocks bounced back Monday (July 5), spurred by the upward trend set on international markets Friday. The UX index added 2.12% on a total trading volume of UAH 83 mln. Ukrtelecom (UTLM +4.62%) and Ukrnafta (UNAF + 4.58%) played a leading role in keeping the market in positive territory.
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July 06, 2010
Fixed Income: Kiev denies Eurobond restructuring plans
Event: Kiev City State Administration made an official announcement refuting problems concerning servicing its Eurobonds due in 2011 and 2012. According to the statement, Kiev paid interest yesterday (July 5) on domestic credit attracted in 2009. In addition, Kiev intends to make an ahead-of-schedule coupon payment today on the Eurobond maturing in 2011.
Impact: The news is neutral to positive for CITKIE.
Rationale: We confirmed these details in a telephone conversation yesterday with Deputy Head of the
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July 06, 2010
Agriculture: Agroton kicks off harvesting campaign
Event: Agroton announced the commencement of its harvest campaign and provided projected crop production figures. The company expects to increase total crop production in 2010 by 39% to 328,272 tonnes.
