OREANDA-NEWS. On 10 September 2009 was announced, that Russian Railways reported yesterday that Ukrainian freight railcar manufacturers reduced exports by 70% yoy to about 9 ths units. Volumes to Russia decreased 82.6% yoy to 2,248 units, while exports to Kazakhstan, up 2.3x to 1,321 units, and Belarus, up 2.9x to 205 units, increased.

Concorde Capital: Exports make up as much as 90% of Ukrainian railcar producers' output, which implies that manufacturers are cutting production in line with export declines. Though, recent news on the increase in demand for railway transportation in Russia leads us to believe that Ukrainian manufacturers will partially recover their production levels in the second half of the year.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.