Poltavaoblenergo to be sold

The State Property Fund of Ukraine plans to sell 16.24% shares of Poltavaoblenergo during September. The head of the Fund Oleksandr Ryabchenko said that the establishment had not yet decided whether the energy company would be sold as a whole, or in packets of shares which would divide the organisation into different parts. Poltavaoblenergo is under the control the Russian businessman Konstantin Grigorishin and Ukrainian oligarch Igor Kolomoyskiy who jointly own about 75% of the shares of the company. Oleksandr Ryabchenko also said that the fund is ready to sell 25% of shares of Odessaoblenergo and later Sumyoblenergo. It is forecast that, being a state fund, all the lots will prove to be popular among investors. rnBanks results rnThe National Bank of Ukraine has issued statistics on Ukraine’s banking sector during the first six months of 2010. It is one of the most objective sources of information available and shows the real trends occurring in the local banking system. During the period April-June the loss increased Hrv 3.88 bn ($US0.41 m) – to Hrv 7.28 bn ($US0.93 m). According to the statistics of the National Bank of Ukraine, in the second quarter the banks’ statutory fund increased 3.8% - to Hrv 4.9 bn ($US0.62 m).rnSee table: rnrn