OREANDA-NEWS. On 19 August 2009 was announced, that retail trade turnover in Ukraine slid 20.4% yoy in 7M09, the State Statistics Committee reported. Total retail turnover during the period was UAH 123.8 bln. For the month of July, retail sales came to UAH 19.8 bln, down 21.5% yoy, more than June's 20.9% yoy decline. At the same time, retail turnover jumped 7.8% mom in July.

Concorde Capital: Retail trade, though down in year-on-year terms, showed month-on-month growth for the third consecutive month. We think that retail sales will not grow as fast as in July in the coming month and be quite sluggish until yearend, but we believe that the sector has already passed its trough.

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.