OREANDA-NEWS. September 18, 2009. In case of adoption of of a new Law on State Budget for 2010 in Ukraine, Ukrnafta < UNAF UZ U/R > forecasts 10 thousand persons discharging. Substantial growth of fiscal pressure for industry will force the Company to optimize its work: to reduce carbohydrates extraction and lay-off personnel by 35%.

Millennium Capital: this news, undoubtedly, is NEGATIVE for the Company. This situation may lead Ukrnafta to serious deterioration of financial results in the end of 2010.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of tickets selling for its flights due to high arrearage to the creditors of the company.