OREANDA-NEWS. October 14, 2009. During a visit to Bogdan Automobile Plant < LUAZ UZ U/R >, Prime Minister Yulia Tymoshenko has given an instruction for the Ministry of Industrial Policy and other governmental agencies to consider a possibility of opening a credit line for LUAZ secured with State guarantees. The total loan amount and its terms were not announced. According to LUAZ CEO Mr. Krasulya, the Company needs this loan to complete commissioning of the second bus production line.

Millennium Capital: this news is POSITIVE for LUAZ because once the second production line is launched, the Company will be able to enter the European market. Moreover, taking into account good working relations of Mr. Petro Poroshenko with the Prime Minister, the Company may expect getting a government order to build 750 school buses for the total cost of UAH 150mn.

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.