OREANDA-NEWS. September 22, 2009. Bogdan Corporation < LUAZ UZ U/R > has designed a commercial pickup on VAZ-2110 base and is going to start its serial producing. Management of the Company plans to sell it for lower price than Lanos in Ukraine and CIS countries.

Millennium Capital seeы this news as neutral for the Company. Because it is difficult to estimate demand increasing for this type of car despite low a price (car sales declining in Ukraine for 8M 2009 is 72%).

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.